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The original item was published from 12/1/2021 3:47:26 PM to 12/1/2021 3:49:52 PM.

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Posted on: December 1, 2021

[ARCHIVED] Do you own two or more vacant/unimproved lots? Form 191 is due Dec. 31

Nebraska Tax Form 191

If you own two or more vacant lots within the same subdivision (held for sale or resale), you may want to file a Vacant or Unimproved Lot Application (Form 191) with the Sarpy County Assessor's Office. 

Once filed, the assessor will value your land using the income approach to value, including the use of a discounted cash-flow analysis as of Jan 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.

 Here are the requirements for applying:

  • two or more lots with the same ownership
  • held for sale or resale
  • in the same subdivision
  • in the same tax district

If you do not file the Vacant or Unimproved Lot Application (Form 191) with the assessor by December 31 of each year, the discounted cash-flow analysis will not be considered when determining the assessed value of your land, and it will be valued at full market value.

You can download Form 191 here:

If you have questions, please contact the Sarpy County Assessor's Office at 402-593-2122 or via email

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