This bill amends section 77-1359 of the Revised Statutes Cumulative Supplement, 2024, to redefine agricultural and horticultural land for assessment purposes. The bill establishes that agricultural and horticultural land will be treated as a distinct class of real property, with assessed values that are uniform and proportionate within this class, rather than in comparison to all other real property. The definition of agricultural and horticultural land is updated to exclude land associated with buildings or structures, and it clarifies that such land is primarily used for agricultural or horticultural purposes.

Additionally, the bill introduces new definitions for terms such as "agricultural or horticultural purposes," which includes the commercial production of plant or animal products, and outlines specific uses of land that qualify under this category. It also defines "farm home site" and "farm site," providing clarity on what constitutes these terms in relation to agricultural land. The original section 77-1359 is repealed, indicating a complete overhaul of the previous definitions and classifications.

Statutes affected:
Introduced: 77-1359