Skip to: Page Content | Menu Bar | Main Navigation | Search | Page Footer

Report of Destroyed Real Property
Timeline & General Information

DATE EVENT NOTIFICATION - ACTION
Between January 1 - June 30 Real property is destroyed

Destroyed real property means real property that suffered significant property damage as a result of a calamity occurring on or after Janaury 1 and before July 1 of the current assessment year.

Destroyed real property does not include property suffering significant property damage that is caused by the owner of the property or an occupant of leased property.

Calamity means a disastrous event, including but not limited to, a fire, an earthquake, a flood, a tornado, or other natural event which significantly affects the assessed value of the real property.

Significant property damage means:
  1. Damage to an improvement exceeding 20% of the improvement's assessed value in the current tax year as determined by the county assessor;
  2. Damage to the land exceeding 20% of a parcel's assessed land value in the current tax year as determined by the county assessor; or
  3. Damage exceeding 20% of the property's assessed value in the current tax year as determined by the county assessor if:
  1. Such property is located in an area that has been declared a disaster area by the Governor and
  2. A housing inspector or health inspector has determined the property is uninhabitable or unlivable.
Between January 1 and July 15

Note: Forms received prior to January 1 or postmarked after July 15 (or the next business day if July 15 falls on a weekend or holiday) cannot be received as timely filed.
Owner files Form 425

Who May File
An owner of real property that became destroyed on or after Janaury 1 and before July 1 of the current assessment year.

When and Where to File
On or before July 15 of the current assessment year, the Report of Destroyed Real Property must be filed with both the Lancaster County Assessor/Register of Deeds and the Lancaster County Clerk. Complete a separate report for each parcel.

Address for the Lancaster County Assessor/Register of Deeds:
555 South 10th Street, Room 102, Lincoln, NE 68508

Address for the Lancaster County Clerk:
555 South 10th Street, Room 108, Lincoln, NE 68508

Supporting Documentation
If filing a Report of Destroyed Real Property, please include supporting documentation. Supporting documentation can include (but not limited to) any photographs, reports, damage estimates, repair estimtates, insurance documents, or other documents you wish to be considered by the Lancaster County Board of Equalization in making any adjustment in value.

Dismissal
Failure to adequately identify the destroyed real property or not describing the damage may result in dismissal of the report.

Form for Report of Destroyed Real Property
To access the form for Report of Destroyed Real Property, click on the link below:

Form 425 - Report of Destroyed Real Property

On or after June 1 and on or before August 10 Lancaster County Board of Equalization determines values The Board of Equalization will take action on or before August 10. Notice of the reassessment value for destroyed real property will be mailed to the property owner.

Within 30 days of Valuation Notice Protest to the Lancaster County Board of Equalization

If you disagree with the reassessment value for destroyed real property, you must file a valuation protest with the Lancaster County Clerk within 30 days of the notice of the reassessment value for destroyed real property.

The Lancaster County Board of Equalization (BOE) must act upon the valuation protest within 30 days after the filing of the protest. Within seven days after the BOE has made final decision on the protest, the Lancaster County Clerk must mail a written notice of the decision to the protester.

Within 30 days after the BOE's final decision Appeal to the Tax Equalization and Review Commission An appeal of the action taken by the Lancaster County Board of Equalization (BOE) regarding the valuation protest of the reassessment value for destroyed real property may be appealed to the Tax Equalization and Review Commission (TERC) within thirty days after the BOE's final decision.

For more information on TERC, visit terc.nebraska.gov