Nebraska's greenbelt (agricultural land special valuation) provision means:
Correct Answer
B) Qualifying agricultural land is assessed based on its agricultural use value rather than market value
Under Nebraska's special valuation law (Neb. Rev. Stat. §77-1344 et seq.), qualifying agricultural and horticultural land is assessed based on its actual agricultural use value rather than its full market value. This reduces the property tax burden on working farms and ranches by recognizing the land's productive use rather than its potential development value.
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