All real property in Nebraska that is subject to taxation is assessed on January 1, 12:01 a.m. This assessment is used as the basis of taxation until the next assessment year. County assessors will make the necessary valuation changes for the annual January 1 assessment date.
Many areas of Nebraska are experiencing damage or destruction of real property due to floods, high winds, or tornadoes that occurred after the January 1 assessment date. We sympathize with those affected by these extreme weather conditions and natural disasters. However, there is no provision in Nebraska law that allows anything other than the assessed value, as determined by the County Assessor on January 1, to be the basis for taxation in the current year.
Nebraska Revised Statute 77-1301