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Vacant Land - Form 191
Do you own vacant non-agricultural land? Recent changes to state laws regarding the valuation of vacant land, unimproved land, means you may want to file an annual Vacant or Unimproved Lot Application (Form 191) with the assessor's office to have your land considered as one parcel for the purpose of valuation.
The application requirements are: Two or more lots; held for sale or resale; with the same ownership; in the same subdivision; in the same tax district.
Once the assessor office has received the application, the assessor is to value your land using the income approach to value, including the use of a discounted cash-flow analysis as of January 1. The discount method recognizes that the lots take a period of time to sell and that the revenue stream will be generated over a period of time.
- Reference Nebraska State Statutes 77-132 and 77-1314.
- Vacant or unimproved Lot Application - Form 191 (PDF)
If You Do Not File
If you do not file the Vacant or Unimproved Lot Application, Form 191, with the assessor by December 31st each year the discounted cash-flow analysis will not be considered when determining the assessed value of your land. The land will be valued at full market value.
Submitting Your Application
Applications can be emailed to Dan Pittman or fax to 402-593-5911.
Mail:
Sarpy County Assessor's Office
1102 E 1st St, Suite 2
Papillion, NE 68046-2894
Additional Information
For further information please call the office at 402-593-2122.
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Danny Pittman
County Assessor
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Jackie Morehead
Chief Deputy Assessor
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Assessor
Physical Address
Sarpy County 1102 Building
1102 E. 1st Street
Papillion, NE 68046-2894
Mailing Address
1102 E. 1st Street, Suite 2
Papillion, NE 68046-2894
Phone: 402-593-2122Fax: 402-593-5911
Hours
Monday through Friday
8 am to 4:45 pm