The Nebraska Department of Revenue's Property Assessment Division has issued guidance for property owners to report significant real property damage. Owners whose property sustained damage between January 1 and July 1 of the current assessment year must file Form 425 with their county clerk by July 15.
This form is crucial for initiating the assessment process for damaged properties. County assessors will then utilize Form 425A to document their findings after inspecting the affected properties, subsequently reporting to the county board of equalization. Property owners are advised to review the instructions on Form 425 for detailed information. For further inquiries, contact the Policy/Legal Section of the Property Assessment Division.