reglab/statecodes huggingface dataset:
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Communications, Electric, Gas Transmission, Pipeline and Railroad Companies › Section 361.425 - Income approach indicator of value: Capitalization rate

Current through June 11, 2024
The capitalization rate will be established from a selected
				  number of firms to derive the rate for the typical company in each industry
				  group when the information is available:
1. The band-of-investment method will be used
				in the compilation of the capitalization rate.
2. The band-of-investment method represents
				the cost of the money needed by the typical company in each industry group to
				acquire its operating plant and carry on its operations. It is composed of two
				factors:
(a) The capitalization ratios of the
				typical company; and
(b) The cost
				of the items which comprise the total capital structure of the typical
				company.
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Communications, Electric, Gas Transmission, Pipeline and Railroad Companies › Section 361.427 - Stock and debt approach indicator of value

Current through June 11,
				2024
1. The stock and
				debt approach proposes a value for the entire firm, but is generally recognized
				as a less applicable methodology for determining the value of taxable
				property.
2. The stock and debt
				indicator is determined by multiplying either the average monthly, quarterly or
				annual high and low market price quotations, when available, for all the
				securities which are actively traded in the market place, including common
				stock, preferred stock and long-term debt, by the number of shares outstanding
				at the end of the year. Computations of the present worth of income flows may
				be made to determine values for securities which are not actively
				traded.
3. The value of the stock
				of a holding company is apportioned among its operating companies according to
				the ratio of:
(a) Each operating company's
				property to the aggregate property of all of the operating companies, valued at
				historical cost and weighted at one-third; and
(b) Each operating company's net income
				before income taxes to the aggregate net income of all of the operating
				companies, weighted at two-thirds.
For the industry group of rail transportation, the direct
				  deduction method to eliminate nonoperating assets will be used when the
				  information is available and considered applicable.
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Communications, Electric, Gas Transmission, Pipeline and Railroad Companies › Section 361.429 - Reconciliation of indicators of value

Current through June 11,
				2024
1. Immediately
				related to the valuation process is the reconciliation of one or more
				indicators of value to reach the final estimate of value for the
				system.
2. For multiple
				departmental companies, when considered applicable, the utility analyst will
				either reconcile the indicators of value for allocation of the value of the
				system to the value to the various departments, or use the adopted Western
				States Association of Tax Administrators formulas, approved by the Executive
				Director of the Department, to allocate the Department and stock and debt
				values based on the cost and income data.
3. The utility analyst will reconcile in
				writing to the taxpayer the relative significance, applicability and
				defensibility of the indication of value derived from each approach to arrive
				at, in the utility analyst's professional judgment, the appropriate final
				estimate of value for the system.
4. The utility analyst will reconcile, in
				writing to the taxpayer, the facts, trends and observations developed in the
				analysis and review the conclusion and the probable validity and reliability of
				the conclusion.
Added to NAC by Tax
				  Comm'n, eff. 9-30-88
NRS
					 360.090,
					 361.320
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Communications, Electric, Gas Transmission, Pipeline and Railroad Companies › Section 361.431 - Allocation of value of interstate and intercounty properties

Current
				through June 11, 2024
1.
				Since the unit rule of valuation will be used for all interstate and
				intercounty properties, an allocation of those properties operating in Nevada
				will be made.
2. The allocation
				will:
(a) Total 100 percent for all states in
				which the company operates; and
(b)
				Reflect the quantity of property in each state, as well as the use or value of
				the property in each state.
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Communications, Electric, Gas Transmission, Pipeline and Railroad Companies › Section 361.433 - Deductions from taxable value

Current through June 11,
				2024
1. The value and
				not the cost of any vehicles licensed in Nevada will be deducted from the
				taxable value of the property which was allocated to Nevada.
2. For telecommunications companies, property
				on lands ceded to the United States Government before 1936 will also be
				deducted. Cost less depreciation as reported by the company will be
				used.
3. The value and not the cost
				of certified pollution control equipment directly related to the operation of
				the firm will be deducted from the taxable value to the extent allowed pursuant
				to statute.
Added to NAC by Tax
				  Comm'n, eff. 9-30-88
NRS
					 360.090,
					 361.320
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Air Transportation Companies Generally › Section 361.451 - Applicability

Current through June 11, 2024
Except as specifically provided in NAC 361.4685, the
				  provisions of NAC 361.452 to 361.468, inclusive, do not apply to a taxpayer
				  whose property is assessed pursuant to NAC 361.4685, 361.469 and
				  361.4695.
Added to NAC by Tax
				  Comm'n, eff. 10-10-83; A by R026-99, 1-27-2000
NRS
					 360.090,
					 361.320
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Air Transportation Companies Generally › Section 361.452 - Cost approach indicator of value

Current through June 11,
				2024
The cost approach consists of:
1. Determining the gross book cost for
				financial reporting purposes of all taxable operating property, including,
				without limitation, airframes, engines, propellers, radio equipment,
				miscellaneous flight equipment, spare parts and assemblies, leased aircraft,
				improvements to leased equipment, construction work in progress, ground
				property and equipment, land, expendable parts, materials and supplies, and
				leased property; and
2. Deducting
				from the gross book cost the accrued book depreciation recorded for financial
				reporting purposes, which may include, without limitation, physical, functional
				and economic obsolescence. Additional obsolescence must be deducted when
				adequately quantified.
Tax Comm'n, Property
				  Tax Reg. part No. 15D, eff. 10-30-79-NAC A 9-30-88; R026-99,
				  1-27-2000
NRS
					 360.090,
					 361.320
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Air Transportation Companies Generally › Section 361.454 - Income approach indicator of value: Formula for determination

Current through June 11, 2024
1. The capitalized income approach consists
				of deducting from the normalized and annualized gross operating income any
				direct and indirect normalized and annualized operating expenses specifically
				related to the normalized and annualized gross operating income, including,
				without limitation, any annualized book depreciation. Deferred income taxes
				will be treated as an operating expense. Normalized and annualized rental
				expense on operating property leased from others, less imputed depreciation,
				income taxes and other applicable expenses, will be disallowed as an operating
				expense.
2. The resulting adjusted
				net operating income will be capitalized (converted to value) using an
				appropriate capitalization rate for the airline industry group. The
				capitalization rate for the typical company will be used for the carriers being
				appraised in each airline industry group. The market capitalization rate will
				be derived from calculations made for selected carriers in each airline
				industry group.
3. The operating
				income to be capitalized into taxable value will be normalized and annualized
				based on the most recent year's adjusted net operating income. When the most
				recent year's net operating income is typically not a reasonable representation
				of the net operating income of an airline, such as where the net operating
				income of the airline tends to be cyclical, a 3- or 5-year average of adjusted
				net operating incomes will be normalized and annualized and may be
				used.
4. The net operating income
				may be capitalized before deducting any book depreciation or income tax if the
				normalized and annualized net operating income results in a negative amount. If
				any book depreciation or income tax is added to the net operating income before
				the net operating income is capitalized, the capitalization rate must include a
				component for that book depreciation or income tax.
5. Any normalization or annualization
				adjustments to the net operating income of a carrier must be based on known,
				measurable and experienced changes in the operation or taxable property of the
				carrier as of the current year's reporting date.
Tax Comm'n, Property
				  Tax Reg. part No. 15D, eff. 10-30-79; A 10-15-81-NAC A 9-30-88; R026-99,
				  1-27-2000
NRS
					 360.090,
					 361.320
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Air Transportation Companies Generally › Section 361.456 - Income approach indicator of value: Capitalization rate

Current through June 11, 2024
The capitalization rate will be established from a selected
				  number of carriers and determined in the following manner to arrive at the
				  typical company in the airline industry group when the information is
				  available:
1. The band-of-investment
				method will be used in the compilation of the capitalization rate.
2. The band-of-investment method represents
				the cost of the money needed by the typical company in the airline industry
				group to acquire its operating plant and carry on its operations. It is
				composed of two factors:
(a) The
				capitalization ratios of the typical company; and
(b) The cost of the items which comprise the
				total capital structure of the typical company.
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Air Transportation Companies Generally › Section 361.460 - Reconciliation of indicators of value

Current through June 11,
				2024
1. Immediately
				related to the valuation process is the reconciliation of one or more
				indicators of value to reach the final estimate of value for the
				system.
2. The analyst will
				reconcile in writing to the taxpayer the relative significance, applicability
				and defensibility of the indication of value derived from each approach to
				arrive at, in the professional judgment of the analyst, the appropriate final
				estimate of system value for the air transport company.
3. The analyst will reconcile in writing to
				the taxpayer the facts, trends and observations determined in the analysis and
				review the conclusion and the probable validity and reliability of that
				conclusion.
Tax Comm'n, Property
				  Tax Reg. part No. 15D, eff. 10-30-79; A 10-15-81-NAC A 10-10-83;
				  9-30-88
NRS
					 360.090,
					 361.320
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Air Transportation Companies Generally › Section 361.462 - Deduction of depreciated cost of nonallocable flight equipment

Current through June 11, 2024
1. The depreciated cost of the nonallocable
				flight equipment will be deducted from the total depreciated cost of the flight
				equipment.
2. For the purposes of
				this section:
(a) "Flight equipment" includes,
				without limitation, airframes, engines, propellers, radio equipment,
				miscellaneous flight equipment, spare parts and assemblies, leased aircraft and
				improvements to leased equipment.
(b) "Nonallocable flight equipment" means
				only that property or equipment which is not attached or required to be aboard
				or part of an aircraft which is ready for flight.
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Air Transportation Companies Generally › Section 361.464 - Allocation of value of interstate companies

Current through June 11,
				2024
1. Since the unit
				rule of valuation will be used for the described properties, an allocation of
				those properties operating in Nevada will be made.
2. The allocation will:
(a) Total 100 percent for all states in which
				a company operates; and
(b) Reflect
				the quantity of property in each state, as well as the use or value of the
				property in each state.
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Air Transportation Companies Generally › Section 361.466 - Development, application of factor for property located in Nevada

Current through June 11, 2024
1. The depreciated cost of the total tangible
				property of the carrier will be related to the estimate of value for the system
				for that same property in the form of a percentage. (This estimate of value
				will be determined by using the three approaches to value divided by the
				depreciated cost of the total tangible property.)
2. The factor so developed will be applied to
				that ground property having situs in Nevada.
Tax Comm'n, Property
				  Tax Reg. part No. 15D, eff. 10-30-79
NRS
					 360.090,
					 361.320
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Air Transportation Companies Generally › Section 361.468 - Addition of property located in Nevada

Current through June 11,
				2024
The adjusted estimate of value for the situs property in
				  Nevada will be added to the flight equipment which was allocated to Nevada for
				  the final estimate of value for Nevada.
Tax Comm'n, Property
				  Tax Reg. part No. 15D, eff. 10-30-79
NRS
					 360.090,
					 361.320
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Certain Air Transport Companies, Airline Industry Groups, and Unscheduled or Charter Air Carriers › Section 361.4685 - Applicability

Current through June 11, 2024
1. The provisions of NAC 361.469 and 361.4695
				apply to each air transport company or airline industry group, including,
				without limitation, regional airlines or unscheduled airlines, for which
				information is insufficient to complete a valuation pursuant to NAC 361.451 to
				361.468, inclusive.
2. The property
				of an unscheduled or a charter air carrier which is not domiciled in Nevada may
				be valued pursuant to this section and NAC 361.469 and 361.4695 and placed on
				the unsecured tax roll.
Added to NAC by Tax
				  Comm'n, eff. 10-10-83; A by R026-99, 1-27-2000
NRS
					 360.090,
					 361.320
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Certain Air Transport Companies, Airline Industry Groups, and Unscheduled or Charter Air Carriers › Section 361.469 - Formula for assessment

Current through June 11,
				2024
1. All allocable
				flight equipment may be valued in accordance with the
Personal Property
				Manual
published by the Department and approved by the Commission
				pursuant to NAC 361.1365 for each fiscal year or in accordance with other books
				or manuals that provide guidance in establishing value approved by the
				Executive Director.
2. A portion of
				the value of the flight equipment will be allocated to Nevada based on an
				average of the data described in subsection 3 or described in NAC 361.464 when
				the information is available and considered applicable.
3. The weighted ground-time ratio, as
				indicated by flight schedules, plane hours, originating and terminating tonnage
				and revenue ton miles flown in Nevada, as a percentage of the system, will be
				used as the statistic for allocating value to Nevada.
Tax Comm'n, Property
				  Tax Reg. Part No. 15N, eff. 10-30-79-NAC A 10-10-83; R026-99, 1-27-2000;
				  R034-03, 12-4-2003
NRS
					 360.090,
					 361.320
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Certain Air Transport Companies, Airline Industry Groups, and Unscheduled or Charter Air Carriers › Section 361.4695 - Property located in Nevada

Current through June 11,
				2024
To the value of the flight equipment allocated to Nevada will
				  be added the depreciated book cost of all ground property in Nevada, including,
				  without limitation, buildings and improvements, furniture, fixtures, machinery,
				  equipment and nonallocable flight equipment. The value of the property which is
				  not represented by the depreciated book cost, including, without limitation,
				  leased and rented property, may be added to determine the total value of the
				  operation in this State.
Tax Comm'n, Property
				  Tax Reg. part No. 15N, eff. 10-30-79-NAC A by R026-99,
				  1-27-2000
NRS
					 360.090,
					 361.320
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Private Car Line Companies › Section 361.506 - Formula for assessment

Current through June 11,
				2024
The value for private car line companies will be:
1. Six thousand dollars assessed valuation
				for each 219,000 miles traveled in Nevada for tank cars.
2. Seven thousand dollars assessed valuation
				for each 255,000 miles traveled in Nevada for refrigeration cars.
3. Six thousand dollars assessed valuation
				for each 255,000 miles traveled in Nevada by other types of cars, including,
				without limitation, stock, box, hopper and flat cars.
Tax Comm'n, Property
				  Tax Reg. part No. 15I, eff. 10-30-79-NAC A
				  9-30-88
NRS
					 360.090,
					 361.320
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY NEVADA TAX COMMISSION › Municipal Electric Companies › Section 361.508 - Valuation

Current through June 11, 2024
In the valuation of municipal utilities, the depreciated book
				  cost of all operating facilities in Nevada subject to assessment pursuant to
				  NRS
				  361.315 and
				  361.320
				  will be used.
Tax Comm'n, Property
				  Tax Reg. part No. 15J, eff. 10-30-79-NAC A 10-10-83;
				  9-30-88
NRS
					 360.090,
					 361.320
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.535 - Definitions

Current through June 11, 2024
As used in NAC 361.535 to 361.575, inclusive, unless the
				context otherwise requires, the words and terms defined in NAC 361.537 to
				361.553, inclusive, have the meanings ascribed to them in those
				sections.
Added to NAC by Tax
				Comm'n by R028-03, eff. 12-4-2003
NRS
				  360.090,
				  361.221
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.537 - "Appraiser" defined

Current through June 11,
			 2024
1. "Appraiser"
			 means an employee of or an independent contractor with the State of Nevada or
			 any of its political subdivisions who exercises judgment using his or her
			 skills and knowledge of property appraisal to estimate the value of property
			 for the purpose of taxation.
2. The
			 term does not include a person who only collects data or manipulates computer
			 programs to collect and organize data but does not render an estimate of the
			 value of property.
Added to NAC by Tax
				Comm'n by R028-03, eff. 12-4-2003
NRS
				  360.090,
				  361.221
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.539 - "Appraiser's certificate" defined

Current through June 11,
			 2024
"Appraiser's certificate" means a certificate issued by the
				Department that authorizes a person to perform the duties of an
				appraiser.
Added to NAC by Tax
				Comm'n by R028-03, eff. 12-4-2003
NRS
				  360.090,
				  361.221
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.541 - "Appraiser's certificate examination" defined

Current through June
			 11, 2024
"Appraiser's certificate examination" means a comprehensive
				examination administered by the Department which covers the technical, legal
				and administrative aspects of the appraisal and assessment of property and
				which consists of a section that tests general knowledge and a section that
				tests specific knowledge.
Added to NAC by Tax
				Comm'n by R028-03, eff. 12-4-2003
NRS
				  360.090,
				  361.221
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.543 - "Approved education course" defined

Current through June 11,
			 2024
"Approved education course" means a course of continuing
				education approved by the Department. The term includes, without limitation,
				classes, workshops and seminars.
Added to NAC by Tax
				Comm'n by R028-03, eff. 12-4-2003
NRS
				  360.090,
				  361.221,
				  361.223
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.545 - "Board" defined

Current through June 11,
			 2024
"Board" means the Appraiser's Certification Board established
				by
				NRS
				361.221.
Added to NAC by Tax
				Comm'n by R028-03, eff. 12-4-2003
NRS
				  360.090,
				  361.221
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.547 - "Contact hour" defined

Current through June 11,
			 2024
"Contact hour" means 1 hour of credit toward continuing
				education requirements awarded by the Department for attendance at or
				instruction of an approved education course.
Added to NAC by Tax
				Comm'n by R028-03, eff. 12-4-2003
NRS
				  360.090,
				  361.221,
				  361.223
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.549 - "Independent contractor" defined

Current through June 11,
			 2024
"Independent contractor" means a person who contracts with, but
				is not otherwise employed by, the State of Nevada or any of its political
				subdivisions to perform the duties of an appraiser.
Added to NAC by Tax
				Comm'n by R028-03, eff. 12-4-2003
NRS
				  360.090,
				  361.221
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.551 - "Personal property appraiser's certificate" defined

Current
			 through June 11, 2024
"Personal property appraiser's certificate" means an
				appraiser's certificate that authorizes a person to perform the duties of an
				appraiser with respect to personal property only.
Added to NAC by Tax
				Comm'n by R028-03, eff. 12-4-2003
NRS
				  360.090,
				  361.221
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.553 - "Real property appraiser's certificate" defined

Current through June
			 11, 2024
"Real property appraiser's certificate" means an appraiser's
				certificate that authorizes a person to perform the duties of an appraiser with
				respect to real property only.
Added to NAC by Tax
				Comm'n by R028-03, eff. 12-4-2003
NRS
				  360.090,
				  361.221
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.555 - Temporary appraiser's certificate

Current through June 11,
			 2024
1. A person who is
			 newly employed as an appraiser by the State of Nevada or any of its political
			 subdivisions may apply to the Department for a temporary appraiser's
			 certificate.
2. The application
			 must satisfy the requirements of
			 NRS
			 361.2224 and
			 361.2225,
			 be on a form approved by the Department and include:
(a) The name of the applicant;
(b) The mailing address and telephone number
			 of the place of employment of the applicant;
(c) Verification of the employment of the
			 applicant; and
(d) Such other
			 information as the Department may require.
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.557 - Appraiser's certificate

Current through June 11,
			 2024
1. A person who is
			 employed as an appraiser by the State of Nevada or any of its political
			 subdivisions may apply to the Department for an appraiser's
			 certificate.
2. The application
			 must satisfy the requirements of
			 NRS
			 361.2224 and
			 361.2225,
			 be on a form approved by the Department and include:
(a) The name of the applicant;
(b) The mailing address and telephone number
			 of the place of employment of the applicant;
(c) Verification of the employment of the
			 applicant; and
(d) Such other
			 information as the Department may require.
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.559 - Independent contractor's appraiser's certificate: Generally

Current through June 11, 2024
1. A person who wishes to perform the duties
			 of an appraiser as an independent contractor with the State of Nevada or any of
			 its political subdivisions may apply to the Department for an independent
			 contractor's appraiser's certificate.
2. The application must satisfy the
			 requirements of
			 NRS
			 361.2224 and
			 361.2225,
			 be on a form approved by the Department and include:
(a) The name of the applicant;
(b) The mailing address and telephone number
			 of the applicant; and
(c) Such
			 other information as the Department may require.
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.561 - Independent contractor's appraiser's certificate: Renewal

Current
			 through June 11, 2024
1.
			 An independent contractor's appraiser's certificate must be renewed
			 annually.
2. Except as otherwise
			 provided in subsection 3, an application for renewal must be made in the same
			 manner as, and is subject to the same requirements applicable to, an initial
			 application as set forth in NAC 361.559.
3. The Department will waive the examination
			 requirement for renewal if the applicant for renewal has satisfied the
			 requirements for continuing education set forth in this chapter and
			 NRS
			 361.223 and requests on the application for
			 renewal that the examination requirement be waived.
4. Before an independent contractor's
			 appraiser's certificate is renewed, the independent contractor must present
			 proof satisfactory to the Department that he or she has contracted with the
			 State of Nevada or any of its political subdivisions as an independent
			 contractor within the immediately preceding 12 months, or that he or she has a
			 reasonable expectation of so contracting within the next following 12
			 months.
Added to NAC by Tax Comm'n by
			 R028-03, eff. 12-4-2003
NRS
			 360.090,
			 361.221
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.563 - Appraiser's certificate examination

Current through June 11,
			 2024
1. The Department
			 will offer the appraiser's certificate examination at least once each quarter.
			 At least one administration of the examination each year must be at a location
			 in northern Nevada, and at least one administration of the examination each
			 year must be at a location in southern Nevada. A county assessor may submit to
			 the Department a written request for an additional examination time and
			 location. The Department will consider such a request if the budget of the
			 Department is adequate to support the additional examination time and
			 location.
2. The section of the
			 appraiser's certificate examination that tests general knowledge must, without
			 limitation, test the knowledge and understanding of an applicant concerning:
(a) Land description and land use
			 classifications;
(b) Principles and
			 concepts of the appraisal of property;
(c) Relevant statutes and regulations of this
			 State; and
(d) Principles of
			 property tax administration.
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.565 - Continuing education: Review and approval of courses; list of approved courses

Current through June 11,
			 2024
1. The Board will
			 review courses of continuing education and may recommend the approval of such a
			 course by the Department if the Board determines that:
(a) After evaluating the contents of the
			 course for correctness, applicability to appraisal for property tax purposes
			 and relevance to current issues and trends concerning appraisal, the subject
			 matter of the course is relevant to understanding and applying the standards
			 established by the International Association of Assessing Officers or any other
			 member organization of The Appraisal Foundation;
(b) The subject matter of the course is
			 relevant to understanding:
(1) The application
			 of the statutes and regulations of this State;
(2) The published appraisal and assessment
			 standards of the Department;
(3)
			 Laws relating to real estate, water and mining; or
(4) Administrative procedures;
(c) The subject matter of the
			 course is relevant to understanding the concepts and applications of mass
			 appraisal, including, without limitation, the application of technology such as
			 geographic information systems (GIS) mapping and computer automated mass
			 appraisal systems and the use of applied statistics in mass appraisal;
			 or
(d) The subject matter of the
			 course is relevant to understanding the concepts and applications of the
			 appraisal of centrally assessed properties, including, without limitation,
			 principles of accounting , allocation, apportionment, mining, unitary
			 valuation, economics and finance.
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.569 - Continuing education: Maintenance and availability of records

Current through June 11, 2024
1. The Department will maintain current
			 records of continuing education for each person employed as an appraiser by
			 this State or a political subdivision of this State.
2. The Department will maintain for not less
			 than 10 years records of continuing education for each independent contractor
			 and each person formerly employed as an appraiser by this State or a political
			 subdivision of this State.
3. The
			 records of continuing education for each person are confidential and must not
			 be made available to any person other than the staff of the Department, the
			 members of the Board or the employer of the person to whom the records pertain,
			 unless the person to whom the records pertain has provided prior written
			 authorization to the Department.
4.
			 A person may request in writing a copy of the transcript of his or her records
			 of continuing education. The Department will provide such a transcript at no
			 charge.
Added to NAC by Tax Comm'n by
			 R028-03, eff. 12-4-2003
NRS
			 360.090,
			 361.221,
			 361.223
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.571 - Suspension and reinstatement of appraiser's certificate

Current
			 through June 11, 2024
1.
			 The Department may suspend the appraiser's certificate of a person under any of
			 the following circumstances:
(a) Upon the
			 recommendation of the Board if the person fails to satisfy the requirements for
			 continuing education set forth in this chapter and
			 NRS
			 361.223. The Department may, upon the
			 recommendation of the Board, reinstate the appraiser's certificate if the
			 person subsequently satisfies the requirements for continuing
			 education.
(b) Upon the
			 recommendation of the Board if the person is an independent contractor and the
			 person fails to renew his or her appraiser's certificate annually as required
			 by this chapter. The Department may, upon the recommendation of the Board,
			 reinstate the appraiser's certificate if the person subsequently satisfies the
			 requirements for renewing his or her appraiser's certificate.
(c) In accordance with the provisions of
			 subsection 1 of
			 NRS
			 361.2226. The Department may reinstate the
			 appraiser's certificate in accordance with the provisions of subsection 2 of
			 NRS
			 361.2226.
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.573 - Revocation and reinstatement of appraiser's certificate; reapplication after revocation

Current through June 11,
			 2024
1. The Department
			 may, upon the recommendation of the Board, revoke the appraiser's certificate
			 of a person under any of the following circumstances:
(a) The person fails to satisfy the
			 requirements for continuing education set forth in this chapter and
			 NRS
			 361.223. The Department may, upon the
			 recommendation of the Board, reinstate the appraiser's certificate if the
			 person subsequently satisfies the requirements for continuing education and
			 passes the appraiser's certificate examination.
(b) The person is an independent contractor
			 and the person fails to renew his or her appraiser's certificate annually as
			 required by this chapter. The Department may, upon the recommendation of the
			 Board, reinstate the appraiser's certificate if the person subsequently
			 satisfies the requirements for renewing his or her appraiser's certificate and
			 passes the appraiser's certificate examination.
(c) The person's appraiser's certificate has
			 been suspended for a period of more than 1 year. The Department may, upon the
			 recommendation of the Board, reinstate the appraiser's certificate if the
			 person passes the appraiser's certificate examination.
(d) The person engages in unethical
			 professional conduct, including, without limitation:
(1) Making oral or written public statements
			 in the course of performing duties as an appraiser that are untrue or intended
			 to mislead or deceive the public.
(2) Engaging in activities relating to the
			 appraisal or assessment of property if the person has, or may reasonably be
			 considered by the public as having, a conflict of interest with regard to that
			 property.
(3) Accepting assignments
			 relating to the appraisal or assessment of property which are contingent on or
			 influenced by any condition that could impair the objectivity of the
			 person.
(4) Failing to perform the
			 duties of an appraiser in accordance with applicable statutes and
			 regulations.
Nevada Administrative Code › Chapter 361 - Property Tax › CERTIFICATION OF APPRAISERS › Section 361.575 - Appeal of suspension or revocation of appraiser's certificate

Current through June 11, 2024
A decision
			 of the Department to suspend or revoke an appraiser's certificate may be
			 appealed to the Commission pursuant to the provisions of
			 NRS
			 360.245.
Added to NAC by Tax Comm'n by
			 R028-03, eff. 12-4-2003
NRS
			 360.090,
			 361.221
Nevada Administrative Code › Chapter 361 - Property Tax › EQUALIZATION OF ASSESSMENTS AMONG THE SEVERAL COUNTIES › Section 361.580 - Ratio study

Current through June 11,
			 2024
Classes of properties sampled by the Department
			 in conducting a ratio study pursuant to
			 NRS 361.333 will be
			 established and divided as the Department deems appropriate or as required by
			 state or federal law. In addition to the criteria which
			 NRS 361.333 specifies
			 to be included in a ratio study, the Department will include the coefficient of
			 dispersion.
Tax Comm'n, Property Tax Reg. No.
			 12, eff. 12-8-76 see also 1-10-77; A 10-15-81
NRS
			 360.090,
			 361.333
Nevada Administrative Code › Chapter 361 - Property Tax › COLLECTION OF TAXES › Collection on Certain Vehicles › Section 361.585 - Placement of stickers on mobile homes and campers

Current through
			 June 11, 2024
The sticker required pursuant to
			 NRS
			 361.5643 must be affixed to:
1. A mobile home in such a way that the
			 sticker is clearly visible from the street. If a mobile home is assessed as
			 real property, the county assessor is not required to issue a sticker for
			 it.
2. A slide-in camper or a
			 camper shell in such a way that the sticker is clearly visible from the rear of
			 the vehicle.
Tax Comm'n, Property Tax Reg. No.
			 4, eff. 10-15-81-NAC A 10-10-83-Substituted in revision for NAC
			 361.600
NRS
			 360.090,
			 361.5643
Nevada Administrative Code › Chapter 361 - Property Tax › COLLECTION OF TAXES › Delinquent Payments › Section 361.590 - Waiver or reduction of penalty or interest

Current through June
			 11, 2024
1. The
			 Department may waive or reduce the penalty or interest for a delinquent payment
			 of property tax which is imposed pursuant to
			 NRS
			 361.483 and
			 361.535
			 if it finds that the proximate cause of the delinquent payment was:
(a) Circumstances completely beyond the
			 control of the taxpayer who was required to make the payment, or the agent of
			 the taxpayer;
(b) Justifiable
			 neglect or justifiable inadvertence, and that the taxpayer making the payment
			 has no history of habitually delinquent payments; or
(c) For other good cause shown.
Nevada Administrative Code › Chapter 361 - Property Tax › COLLECTION OF TAXES › Assignment of Tax Liens by County Treasurers › Section 361.595 - Definitions

Current through June 11, 2024
As used in
			 NAC 361.595 to 361.597, inclusive, unless the context otherwise requires, the
			 words and terms defined in NAC 361.5952 to 361.5959, inclusive, have the
			 meanings ascribed to them in those sections.
Added to NAC by Tax Comm'n by
			 R075-13, eff. 12-23-2013
NRS
			 360.090,
			 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › COLLECTION OF TAXES › Assignment of Tax Liens by County Treasurers › Section 361.5952 - "Assignee" defined

Current through June 11,
			 2024
"Assignee" has the meaning ascribed to it in
			 NRS
			 361.7307.
Added to NAC by Tax Comm'n by
			 R075-13, eff. 12-23-2013
NRS
			 360.090,
			 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › COLLECTION OF TAXES › Assignment of Tax Liens by County Treasurers › Section 361.5954 - "Delinquent taxes" defined

Current through June 11,
			 2024
"Delinquent taxes" means any real property
			 taxes that remain unpaid after the date the last installment of the taxes
			 becomes due pursuant to
			 NRS
			 361.483.
Added to NAC by Tax Comm'n by
			 R075-13, eff. 12-23-2013
NRS
			 360.090,
			 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › COLLECTION OF TAXES › Assignment of Tax Liens by County Treasurers › Section 361.5956 - "Parcel number" defined

Current through June 11,
			 2024
"Parcel number" means the parcel number
			 assigned to a parcel of real property pursuant to
			 NRS 361.189 by
			 the county assessor of the county in which the property is located.
Added to NAC by Tax Comm'n by
			 R075-13, eff. 12-23-2013
NRS
			 360.090,
			 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › COLLECTION OF TAXES › Assignment of Tax Liens by County Treasurers › Section 361.5958 - "Tax lien" defined

Current through June 11,
			 2024
"Tax lien" has the meaning ascribed to it in
			 NRS
			 361.731.
Added to NAC by Tax Comm'n by
			 R075-13, eff. 12-23-2013
NRS
			 360.090,
			 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › COLLECTION OF TAXES › Assignment of Tax Liens by County Treasurers › Section 361.5959 - "Tax year" defined

Current through June 11,
			 2024
"Tax year" means the 12-month period beginning
			 on July 1 and ending on the next succeeding June 30.
Added to NAC by Tax Comm'n by
			 R075-13, eff. 12-23-2013
NRS
			 360.090,
			 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › COLLECTION OF TAXES › Assignment of Tax Liens by County Treasurers › Section 361.596 - Affidavit of authorization

Current through June 11,
			 2024
1. An owner of a
			 parcel of real property who wishes to authorize the county treasurer of the
			 county in which the property is located to assign a tax lien on the property
			 pursuant to
			 NRS
			 361.7311, must file with the county treasurer
			 an affidavit of authorization as provided in this section.
2. If the property is owned by more than one
			 person:
(a) Each such person must join in the
			 affidavit of authorization and the separate written agreement with the assignee
			 required by subsection 2 of
			 NRS
			 361.7311.
(b) The affidavit of authorization must
			 designate one of the owners or an authorized agent of the owners to:
(1) Respond to any inquiry from the county
			 treasurer relating to the assignment; and
(2) Receive any notice given by the county
			 treasurer pursuant to NAC 361.5964.
Nevada Administrative Code › Chapter 361 - Property Tax › COLLECTION OF TAXES › Assignment of Tax Liens by County Treasurers › Section 361.5962 - Duties of county treasurer upon receipt of affidavit of authorization; affidavit of compliance; affidavit of exemption

Current through
			 June 11, 2024
1. Upon
			 receipt of an affidavit of authorization pursuant to NAC 361.596, the county
			 treasurer shall confirm:
(a) The last known
			 owner or owners of record of the parcel of real property for which the
			 affidavit is made, by inspecting:
(1) The
			 records of the county assessor of the county in which the property is located;
			 or
(2) Any other recorded document
			 provided by the owner and acceptable to the county assessor;
Nevada Administrative Code › Chapter 361 - Property Tax › COLLECTION OF TAXES › Assignment of Tax Liens by County Treasurers › Section 361.5964 - Denial of certificate of assignment

Current through June 11,
			 2024
1. The county
			 treasurer shall not issue a certificate of assignment of a tax lien if the
			 county treasurer:
(a) Believes that any
			 information included in the affidavit of authorization filed pursuant to NAC
			 361.596 is inaccurate or incomplete;
(b) Determines that the property is on the
			 unsecured tax roll;
(c) Except as
			 otherwise ordered by the federal bankruptcy court in which the proceeding is
			 pending, determines that an owner of the property or the property itself is the
			 subject of a pending proceeding in bankruptcy;
(d) Determines that any taxes assessed
			 against the property or any applicable penalties, interest, fees or costs are
			 owed for a tax year not specified in the affidavit of authorization;
(e) Determines that the assignee has failed
			 to tender any part of the amount required to be tendered pursuant to
			 NRS
			 361.7312 and NAC 361.5962; or
(f) Determines that an owner of the property
			 or the assignee has not complied with any requirement of:
(1)NRS
			 361.7303 to
			 361.733,
			 inclusive; or
(2) NAC 361.595 to
			 361.597, inclusive.
Nevada Administrative Code › Chapter 361 - Property Tax › COLLECTION OF TAXES › Assignment of Tax Liens by County Treasurers › Section 361.5966 - Issuance of certificate of assignment

Current through June 11,
			 2024
1. If the
			 assignment complies with the requirements of
			 NRS 361.7303 to
			 361.733,
			 inclusive, and NAC 361.595 to 361.597, inclusive, the county treasurer shall
			 promptly issue a certificate of assignment of the tax lien to the
			 assignee.
2. The certificate of
			 assignment must be on a form approved by the Commission and must include, in
			 addition to the information required by
			 NRS
			 361.7318:
(a) The name, mailing address and electronic
			 mail address of the assignee;
(b)
			 The parcel number of the property;
(c) The street address of the property, if
			 applicable;
(d) The full amount of:
(1) All delinquent taxes assessed and owed
			 against the property for any preceding tax year;
(2) If any installment of the taxes assessed
			 against the property for the current tax year has not been paid, the total
			 amount of the taxes assessed against the property for the current tax year,
			 including, without limitation, the amount of any installment that has not yet
			 become due;
(3) Any applicable
			 penalties, interest, fees and costs; and
(4) If a certificate has been issued to the
			 county treasurer with respect to the property pursuant to
			 NRS
			 361.570, any other amount required to be paid
			 pursuant to subsection 4 of that section and not otherwise described in
			 subparagraph (1), (2) or (3) of this paragraph;
(e) A statement certifying that the assignee
			 has paid the amount described in paragraph (d);
(f) A statement that the county treasurer has
			 duly received:
(1) An affidavit of
			 authorization made by the owner of the property;
(2) A copy of the separate written agreement
			 between the owner and the assignee; and
(3) A copy of the bond posted by the
			 assignee, affidavit of compliance or affidavit of exemption, as applicable, and
			 that a true and correct copy of each document so received is attached as an
			 exhibit to the certificate; and
(g) A statement that in consideration of the
			 receipt of the payment in full of the amount described in paragraph (d), the
			 tax lien is assigned and transferred to the assignee.
Nevada Administrative Code › Chapter 361 - Property Tax › COLLECTION OF TAXES › Assignment of Tax Liens by County Treasurers › Section 361.5968 - Effect of certificate of assignment

Current through June 11,
			 2024
A certificate of assignment of a tax lien does
			 not:
1. Entitle the assignee to the
			 assignment of a tax lien for any tax year not enumerated in the affidavit of
			 authorization;
2. Change the date
			 upon which any unpaid taxes become delinquent; or
3. If taxes assessed against the property or
			 any applicable penalties, interest, fees and costs are not paid:
(a) Affect the duty of the county treasurer
			 to:
(1) Mail notice of the delinquency
			 pursuant to
			 NRS
			 361.5648; or
(2) Issue a certificate to the county
			 treasurer as trustee pursuant to
			 NRS
			 361.570; or
Nevada Administrative Code › Chapter 361 - Property Tax › COLLECTION OF TAXES › Assignment of Tax Liens by County Treasurers › Section 361.597 - Release of tax lien after assignment

Current through June 11,
			 2024
A release of a tax lien issued by an assignee
			 to the owner of the property must be made on a form approved by the Commission,
			 comply with the requirements of subsection 3 of
			 NRS
			 247.110 and include, in addition to the
			 information required by
			 NRS
			 361.7326:
1. The name and mailing address of the
			 assignee;
2. The name and mailing
			 address of the owner;
3. The date
			 of issuance of the release;
4. The
			 street address of the property, if applicable;
5. The name and address of the entity or
			 natural person who prepared the legal description of the property, if the
			 description is by metes and bounds;
6. A statement that all right, title and
			 interest of the assignee in the tax lien are released; and
7. The signature of the assignee or a
			 representative of the assignee, acknowledged before a notary public.
Added to NAC by Tax Comm'n by
			 R075-13, eff. 12-23-2013
NRS
			 360.090,
			 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › PARTIAL ABATEMENT OF TAXES › General Abatement, Primary Residential Abatement and Residential Rental Abatement › Section 361.601 - Definitions

Current through June 11, 2024
As used in
			 NAC 361.601 to 361.609, inclusive, unless the context otherwise requires, the
			 words and terms defined in NAC 361.6015 to 361.6045, inclusive, have the
			 meanings ascribed to them in those sections.
Added to NAC by Tax Comm'n by
			 R011-06, eff. 5-4-2006
NRS
			 360.090
Nevada Administrative Code › Chapter 361 - Property Tax › PARTIAL ABATEMENT OF TAXES › General Abatement, Primary Residential Abatement and Residential Rental Abatement › Section 361.6015 - "Abatement percentage" defined

Current through June 11,
			 2024
"Abatement percentage" has the meaning ascribed
			 to it in NRS 361.4711.
Added to NAC by Tax Comm'n by
			 R011-06, eff. 5-4-2006
NRS
			 360.090