reglab/statecodes huggingface dataset:
Nevada Administrative Code › Chapter 360 - Revenue and Taxation: Generally › TRANSFERABLE TAX CREDITS FOR AFFORDABLE HOUSING › Section 360.896 - Notice to Department of used transferable tax credits and false statement or representation made by project sponsor in application or of failure to comply with certain requirements; issuance of notice of liability; notice to Department of fraudulent information submitted by transferee; transferable tax credits subject to forfeiture or repayment

Current through June 11, 2024
1. The Division shall notify the Department
			 if the Division finds that:
(a) A transferee
			 has used transferable tax credits; and
(b) The project sponsor who obtained the
			 transferable tax credits used by the transferee:
(1) Submitted a false statement or made a
			 false representation when applying for the transferable tax credits;
			 or
(2) Failed to comply with the
			 requirements of NRS
			 360.860 to
			 360.870, inclusive.
Nevada Administrative Code › Chapter 360A - Administration of Certain Taxes and Fees on Fuels › GENERAL PROVISIONS › Section 360A.010 - "Good cause" defined

Current through June 11, 2024
As used in this chapter, unless the context otherwise requires, "good cause" means a circumstance that is beyond the control of a taxpayer and occurs despite the exercise of ordinary care and without willful neglect. The term includes, without limitation:
1. A fire, earthquake, flood or other act of God;
2. Theft that is documented by a law enforcement agency; or
3. The death or serious illness of the taxpayer, a great-grandparent, grandparent, parent, brother, sister, daughter, son, spouse, grandchild or great-grandchild of the taxpayer or his or her agent whose job or duty it is to collect, account for or pay to the Department a tax or fee imposed by chapter 365, 366 or 373 of NRS or NRS 590.120 or 590.840.
Added to NAC by Dep't of Motor Veh. by R101-05, eff. 10-31-2005; A by R065-12, 11-1-2012
NRS 360A.020
Nevada Administrative Code › Chapter 360A - Administration of Certain Taxes and Fees on Fuels › PAYMENT OF TAXES, FEES, INTEREST AND PENALTIES › Section 360A.150 - Submission of method of payment dishonored as result of error or fault of financial institution

Current through June 11, 2024
1. If a check or other method of payment submitted to the Department for payment of any tax or fee required by chapter 365, 366 or 373 of NRS or NRS 590.120 or 590.840 is returned to the Department or otherwise dishonored upon presentation for payment as the result of the error or fault of a financial institution, the Department:
(a) Will not charge or collect the additional fee as set forth in NRS 360A.040; and
(b) Will deem a subsequent payment of the tax or fee to have been received as of the date of receipt of the erroneously dishonored payment.
Nevada Administrative Code › Chapter 360A - Administration of Certain Taxes and Fees on Fuels › PAYMENT OF TAXES, FEES, INTEREST AND PENALTIES › Section 360A.160 - Waiver or reduction of interest or penalty

Current through June 11, 2024
1. A taxpayer who wishes to obtain relief from all or part of any interest or penalty, or both, must file an application with the Department. The application must:
(a) Comply with the provisions of NRS 360A.070; and
(b) Except as otherwise provided in this section, be filed in writing with the Department within 30 days after the date on which the tax is paid or the notice of the deficiency determination is served on the taxpayer. If the notice of the deficiency determination is served by mail, the period for filing the application is extended by 3 days.
Nevada Administrative Code › Chapter 360A - Administration of Certain Taxes and Fees on Fuels › PAYMENT OF TAXES, FEES, INTEREST AND PENALTIES › Section 360A.170 - Agreement for payment in installments: Prerequisites; compliance with previous agreement

Current through June 11, 2024
1. A taxpayer who wishes to enter into an agreement with the Department to pay a tax, fee, interest or penalty in installments pursuant to NRS 360A.080 must:
(a) Submit a written request to the Department;
(b) Submit sufficient accurate information to enable the Department to determine whether to enter into the agreement; and
(c) Agree in writing to:
(1) Comply with the provisions of all applicable laws and regulations of the Department during the period in which the agreement is in effect, including, without limitation, reporting and payment requirements;
(2) Make all payments by cashier's check, electronic funds transfer, traveler's check, money order or cash; and
(3) Waive any right to a hearing pursuant to NRS 360A.180.
Nevada Administrative Code › Chapter 360A - Administration of Certain Taxes and Fees on Fuels › PAYMENT OF TAXES, FEES, INTEREST AND PENALTIES › Section 360A.180 - Agreement for payment in installments: Duties of taxpayer before execution by Department

Current through June 11, 2024
1. If the Department offers to enter into an agreement with a taxpayer to pay a tax, fee, interest or penalty in installments pursuant to NRS 360A.080, the taxpayer must, before the Department will execute the agreement, submit to the Department:
(a) The initial payment set forth in the terms of the agreement; and
(b) A personal guarantee of payment in full given by:
(1) The taxpayer, in his or her individual capacity, if the taxpayer is the sole responsible person; or
(2) For all other taxpayers, two responsible persons in their individual capacities.
Nevada Administrative Code › Chapter 360A - Administration of Certain Taxes and Fees on Fuels › DETERMINATION OF DEFICIENT PAYMENT › Section 360A.190 - Offsetting of overpayments: "Careless reporting" interpreted

Current through June 11, 2024
1. As used in NRS 360A.110, the term "careless reporting" includes, without limitation:
(a) Any alteration of the dates of fueling, types of fuel or amounts of fuel on a tax return;
(b) Underreporting or nonreporting of the sale of fuel; and
(c) Reporting a taxable event as a nontaxable event.
Nevada Administrative Code › Chapter 360A - Administration of Certain Taxes and Fees on Fuels › DETERMINATION OF DEFICIENT PAYMENT › Section 360A.200 - Petition for redetermination: General requirements; request for oral hearing; withdrawal

Current through June 11, 2024
1. Except as otherwise provided in NAC 360A.210, a taxpayer who receives notice of a deficiency determination pursuant to NRS 360A.140 and wishes to obtain a redetermination must file a petition for a redetermination with the Department within 30 days after being served with the notice.
2. A petition for a redetermination must comply with NRS 360A.170 and must be submitted:
(a) On a form provided by the Department; or
(b) In the form of a letter. The letter must include:
(1) Sufficient information to give notice to the Department that the taxpayer is disputing the deficiency determination;
(2) The name of the taxpayer;
(3) The account number assigned to the taxpayer by the Department; and
(4) The amount of the tax, penalty or interest that is in dispute.
Nevada Administrative Code › Chapter 360A - Administration of Certain Taxes and Fees on Fuels › DETERMINATION OF DEFICIENT PAYMENT › Section 360A.210 - Petition for redetermination: Request for extension of time to file

Current through June 11, 2024
1. A taxpayer who receives notice of a deficiency determination pursuant to NRS 360A.140 and wishes to obtain a redetermination, but is unable to file a petition for a redetermination with the Department as set forth in NAC 360A.200, may request an extension of time to file the petition.
2. The request for an extension of time must:
(a) Be in writing;
(b) Be filed with the Department within 30 days after the taxpayer is served with the notice of deficiency determination; and
(c) Set forth the circumstances the taxpayer believes constitute good cause for the taxpayer's failure to timely file his or her petition for redetermination.
Nevada Administrative Code › Chapter 360A - Administration of Certain Taxes and Fees on Fuels › DETERMINATION OF DEFICIENT PAYMENT › Section 360A.220 - Appeal of decision of Department: "Aggrieved by a decision of the Department" interpreted

Current through June 11, 2024
As used in NRS 360A.180, the Department will interpret the term "aggrieved by a decision of the Department" to mean affected by any decision of the Department which has an adverse impact on a petitioner including, without limitation, the assessment of monetary damages assessed by the Department and any other decision that may be appealed.
Added to NAC by Dep't of Motor Veh. by R150-08, eff. 12-17-2008
NRS 360A.020, 360A.180
Nevada Administrative Code › Chapter 360A - Administration of Certain Taxes and Fees on Fuels › DETERMINATION OF JEOPARDIZED TAXES AND FEES › Section 360A.250 - "Days" interpreted

Current through June 11, 2024
The Department interprets the term "days" as used in NRS 360A.240 and 360A.250 to mean business days.
Added to NAC by Dep't of Motor Veh. by R101-05, eff. 10-31-2005
NRS 360A.020, 360A.240, 360A.250
Nevada Administrative Code › Chapter 360A - Administration of Certain Taxes and Fees on Fuels › DETERMINATION OF JEOPARDIZED TAXES AND FEES › Section 360A.260 - Petition for reconsideration: Amount and form of security

Current through June 11, 2024
1. A taxpayer who is required to deposit security with the Department to petition for a reconsideration pursuant to NRS 360A.230, 360A.240 and 360A.250 must deposit an amount equal to the amount set forth in the deficiency determination.
2. The security may be in the form of:
(a) A surety bond;
(b) A cash payment; or
(c) Other form of security as set forth in NRS 100.065.
Nevada Administrative Code › Chapter 360A - Administration of Certain Taxes and Fees on Fuels › PROCEDURES FOR COLLECTION AND ENFORCEMENT › Section 360A.300 - Written notice of intention to lock and seal place of business

Current through June 11, 2024
If the Department intends to lock and seal the place of business of a person for violating any provision of NRS 360A.365, the Department will provide the person with written notice not less than 10 business days before the day and time the Department intends to lock and seal the business. The notice may be served personally or by mail in the manner set forth in NRS 360A.365.
Added to NAC by Dep't of Motor Veh. by R101-05, eff. 10-31-2005
NRS 360A.020, 360A.365
Nevada Administrative Code › Chapter 361 - Property Tax › GENERAL PROVISIONS › Section 361.004 - Definitions

Current through June 11, 2024
Except as otherwise provided in NAC 361.617 to 361.620,
				inclusive, as used in this chapter, unless the context otherwise
				requires:
1. "Commission" means the
			 Nevada Tax Commission.
2.
			 "Department" means the Department of Taxation.
3. "Executive Director" means the Executive
			 Director of the Department.
4.
			 "Fiscal year" means that period of time from July 1 of one year to and
			 including June 30 of the following year.
Supplied in
				codification; A by Comm'n on Econ. Development by R220-05,
				9-18-2006
NRS 361.0775
Nevada Administrative Code › Chapter 361 - Property Tax › REGULATIONS OF NEVADA TAX COMMISSION › Section 361.010 - Definitions

Current through June 11, 2024
As used in NAC 361.010 to 361.61049, inclusive, unless the
				context otherwise requires, the words and terms defined in NAC 361.012, 361.016
				and 361.018, inclusive, have the meanings ascribed to them in those
				sections.
Added to NAC by Tax
				Comm'n by R031-03, eff. 8-4-2004; A by R011-06, 5-4-2006; R001-07, 3-23-2007;
				R183-07, 8-26-2008; R109-08, 12-17-2008
NRS
				  360.090,
				  360.250
Nevada Administrative Code › Chapter 361 - Property Tax › REGULATIONS OF NEVADA TAX COMMISSION › Section 361.012 - "Actual age" defined

Current through June 11,
			 2024
"Actual age" means the total number of years from the year of
				the construction of an improvement to the year of the lien date for the taxes
				which it affects.
Added to NAC by Tax
				Comm'n by R031-03, eff. 8-4-2004
NRS
				  360.090,
				  360.250
Nevada Administrative Code › Chapter 361 - Property Tax › REGULATIONS OF NEVADA TAX COMMISSION › Section 361.016 - "Depreciation" defined

Current through June 11,
			 2024
"Depreciation" means, except as otherwise provided in NAC
				361.266, a loss in the value of improvements or personal property from any
				cause.
Added to NAC by Tax
				Comm'n by R031-03, eff. 8-4-2004; A by R039-10, 8-13-2010, eff.
				7-1-2012
NRS
				  360.090,
				  360.250
Nevada Administrative Code › Chapter 361 - Property Tax › REGULATIONS OF NEVADA TAX COMMISSION › Section 361.018 - "Improvement" defined

Current through June 11,
			 2024
"Improvement" means, except as otherwise provided in NAC
				361.1133, all appurtenances erected upon or affixed to the land, including,
				without limitation, those improvements listed in paragraphs (a) and (b) of
				subsection 1 of
				NRS
				361.035.
Added to NAC by Tax
				Comm'n by R031-03, eff. 8-4-2004; A by R039-10, 8-13-2010, eff.
				7-1-2012
NRS
				  360.090,
				  360.250
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Fine Art for Public Display › Section 361.030 - "Fine art for public display" defined

Current through June 11,
				2024
As used in NAC 361.030 to 361.044, inclusive, unless the
				  context otherwise requires, "fine art for public display" has the meaning
				  ascribed to it in paragraph (b) of subsection 4 of
				  NRS
				  361.068.
Added to NAC by Tax
				  Comm'n by R047-01, eff. 12-17-2002
NRS
					 360.090,
					 361.068,
					 361.186
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Fine Art for Public Display › Section 361.034 - Calculation of interest payments on art indebtedness

Current through
				June 11, 2024
1. For a
				work of fine art that was acquired with a portion of the proceeds of a secured
				or unsecured indebtedness, the amount of the interest on the total indebtedness
				that the taxpayer may claim as interest payments made on the art indebtedness
				pursuant to subparagraph (1) of paragraph (a) of subsection 1 of NAC 361.032
				must be calculated for the fiscal year for which the taxpayer is claiming an
				exemption for the work of fine art by applying the applicable rate or rates of
				interest to the amount of the art indebtedness. The interest payments must be
				recalculated each time that:
(a) A payment is
				made towards the principal of the total indebtedness;
(b) A draw is made against the principal of
				the total indebtedness; or
(c) The
				principal of the total indebtedness is increased or decreased in any other
				manner.
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Fine Art for Public Display › Section 361.036 - Apportionment of direct costs when works of art consist of more than fine art

Current through June 11, 2024
If an exhibition does not consist solely of fine art for
				  public display owned by the taxpayer, the Department will apportion the direct
				  costs of owning and exhibiting the fine art based on the percentage that the
				  value of the fine art for public display owned by the taxpayer bears to the
				  value of all the works of art included in the exhibition.
Added to NAC by Tax
				  Comm'n by R047-01, eff. 12-17-2002
NRS
					 360.090,
					 361.068,
					 361.186
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Fine Art for Public Display › Section 361.038 - Requirements to receive credit for donations to certain museums

Current through June 11, 2024
For a taxpayer to receive a credit for a donation to a museum
				  that provides exhibits specifically related to nature or a museum that provides
				  exhibits specifically related to children, such a museum must be operated by an
				  organization that:
1. Qualifies for
				exemption from taxation pursuant to section 501(c)(3) of the Internal Revenue
				Code; and
2. The net earnings of
				which do not inure to the benefit of any private shareholder or other
				person.
Added to NAC by Tax
				  Comm'n by R047-01, eff. 12-17-2002
NRS
					 360.090,
					 361.068,
					 361.186
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Fine Art for Public Display › Section 361.040 - Affidavit for claiming exemption: Form; contents

Current through
				June 11, 2024
The affidavit that a taxpayer who is claiming an exemption
				  pursuant to paragraph (j) of subsection 1 of
				  NRS
				  361.068 must file pursuant to paragraph (a)
				  of subsection 3 of
				  NRS
				  361.068 with the county assessor on or before
				  June 15 of each year in which the taxpayer claims the exemption must:
1. Be notarized;
2. Be in a form prescribed by the Department;
				and
3. Contain:
(a) A statement that the work of fine art
				will meet the criteria set forth in paragraph (b) of subsection 4 of
				NRS
				361.068 during the following fiscal
				year;
(b) A description of the work
				of fine art for which the taxpayer is claiming an exemption;
(c) The purchase price or appraisal value of
				the work of fine art;
(d) The
				fiscal year for which the exemption is sought; and
(e) A statement in substantially the
				following form:
"I, ____________, state under oath and pursuant to the
				  conditions set forth in
				  NRS
				  361.185 and
				  361.265,
				  that the attached claim for the property tax exemption is made in good faith
				  and to the best of my knowledge and belief is a true, correct and complete
				  statement that said property meets the requirements of
				  NRS
				  361.068. Further, I authorize the Nevada Tax
				  Commission or its designee to inspect the fine art for public display for which
				  I am claiming an exemption and any supporting documents, or otherwise verify
				  the validity of my claim."
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Fine Art for Public Display › Section 361.044 - Provision of poster to school or parent of child who receives in-home instruction

Current through June 11,
				2024
Upon receiving a request for a poster pursuant to paragraph
				  (b) of subsection 3 of
				  NRS
				  361.068, the taxpayer shall select which
				  poster to provide to the school or parent.
Added to NAC by Tax
				  Comm'n by R047-01, eff. 12-17-2002
NRS
					 360.090,
					 361.068,
					 361.186
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Property Used for Control of Air and Water Pollution › Section 361.046 - Examples of facilities, devices to which exemption does not apply

Current through June 11, 2024
Examples of facilities and devices to which the exemption
				  from taxation provided by
				  NRS
				  361.077 does not apply are:
1. A mining operation or the generating
				facility of an electric utility which, in the treatment of water for reentry
				into public streams, distills and sells the water at a minor additional cost
				and offsets the total cost of the treatment and distilling process.
2. The installation of pollution control
				equipment to remove air pollutants from fuel exhausts and better utilize the
				fuel in manufacturing or industrial plants or where recovery of minerals in
				mining operations is made possible which results in a lower overall operating
				expense ratio.
3. Facilities or
				equipment, including blacktop for roadways and parking areas, water trucks and
				sprinkling systems, which are necessary for the normal operation of the
				enterprise and which are not specifically exempted by statute or the
				Constitution or which are not required by the appropriate environmental
				agencies.
Tax Comm'n, Property
				  Tax Reg. part No. 6, eff. 9-7-73; A 3-29-74;
				  11-15-77
NRS
					 360.090,
					 361.077
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Property Used for Control of Air and Water Pollution › Section 361.048 - Application of exemption to additions, modifications of operational devices

Current through June 11, 2024
If an addition is made to or a modification is made in a
				  device whose primary purpose is operational, but the addition or modification
				  is a "facility, device or method for the control of air or water pollution" as
				  defined in
				  NRS
				  361.077, the value of the addition or
				  modification, but not the value of the entire device, is exempt from
				  taxation.
Tax Comm'n, Property
				  Tax Reg. part No. 6, eff. 11-15-77
NRS
					 360.090,
					 361.077
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Property Used for Control of Air and Water Pollution › Section 361.050 - Affidavits, reports, records required to claim exemption

Current
				through June 11, 2024
1.
				An affidavit on a form approved by the Department for claiming an exemption
				pursuant to
				NRS
				361.077 must be supplied annually to the
				county assessor of the county in which the property is located or to the
				Department if the property is of an intercounty or interstate nature as defined
				in
				NRS
				361.032.
2. Owners of property of an interstate
				nature, as defined in
				NRS
				361.032, shall report only those properties
				physically located in Nevada.
3.
				The taxpayer shall maintain accurate records which will reflect the additional
				net revenue to the operation which results from the installation of any
				equipment for which an exemption is claimed pursuant to
				NRS
				361.077.
4. Copies of any orders from regulatory
				agencies directing the installation of a device or equipment must be submitted
				upon request to the county assessor or the Department.
Tax Comm'n, Property
				  Tax Reg. part No. 6, eff. 9-7-73; A 11-15-77
NRS
					 360.090,
					 361.077
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Qualified Systems for Heating, Cooling or Provision of Electricity › Section 361.052 - Determination of value added by qualified system

Current through
				June 11, 2024
1. For the
				purpose of NRS 361.079, a county assessor may consider value added by a
				qualified system as the difference between the cost of the building with the
				qualified system and the cost of a building constructed in a conventional
				manner without a qualified system and put to the same or a similar use. For
				example, a building of masonry construction used to provide solar energy may be
				valued on the basis of frame construction.
2. The value added by that portion of a
				qualified system which is not used for heating or cooling or to provide
				electricity or is essential to a conventionally built structure, must be
				included in the assessed value of the building. For example, a qualified system
				with an enclosed area for a solarium or sun space that is also used as a
				limited living area may be valued as an enclosed porch if it facilitates the
				use of solar energy.
Added to NAC by Tax
				  Comm'n, eff. 4-24-84
NRS
					 360.090,
					 360.250,
					 361.079
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Qualified Systems for Heating, Cooling or Provision of Electricity › Section 361.054 - Form for requesting valuation

Current through June 11,
				2024
A county assessor may provide an appropriate form for the
				  owner of a building to request the valuation of a qualified system. If an owner
				  does not complete such a form, the owner may not be precluded from appealing
				  the valuation of the building to the county board of equalization.
Added to NAC by Tax
				  Comm'n, eff. 4-24-84
NRS
					 360.090,
					 360.250,
					 361.079
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Qualified Systems for Heating, Cooling or Provision of Electricity › Section 361.056 - Documentation to determine conformity to standards

Current through
				June 11, 2024
A county assessor, a county board of equalization or the
				  State Board of Equalization may require documentation from the owner of a
				  building who has requested the valuation of a qualified system to determine
				  whether it conforms to the standards established by the Department and
				  functions to conserve energy.
Added to NAC by Tax
				  Comm'n, eff. 4-24-84
NRS
					 360.090,
					 360.250,
					 361.079
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Qualified Systems for Heating, Cooling or Provision of Electricity › Section 361.058 - List of buildings with qualified systems

Current through June
				11, 2024
On or before April 1 of each year, each county assessor shall
				  submit to the Department for the preceding year a written list of the buildings
				  in his or her county which have qualified systems.
Added to NAC by Tax
				  Comm'n, eff. 4-24-84
NRS
					 360.090,
					 361.079
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Miscellaneous Provisions › Section 361.065 - Tangible personal property purchased by and consumed during operation of business

Current through June 11,
				2024
1. All tangible
				personal property which is purchased by a business and which is claimed to be
				exempt pursuant to paragraph (d) of subsection 1 of
				NRS
				361.068 must be consumed during the operation
				of the business and must not be intended to become a component part of a
				manufactured item for sale or lease.
2. The personal property for which such an
				exemption is claimed must be material that is:
(a) Used up, drained, absorbed, dissipated or
				expended during the normal day-to-day operation of the business;
(b) Characterized by its individual low cost
				in relation to the other more expensive fixed assets of the business;
(c) Disposable, with a generally useful life
				of less than 1 year; and
(d) Not
				meant for resale.
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Miscellaneous Provisions › Section 361.070 - Certain property leased or rented to Nevada System of Higher Education

Current through June 11, 2024
1. Application for an exemption pursuant to
				NRS
				361.099 must be made to the county assessor
				by June 15 of each year.
2. The
				application must include a copy of the rental agreement and documentation from
				the lessor that proves that the total consideration for the rental or lease of
				the property is less than 10 percent of the fair market value of the property.
				Documentation may include, but is not limited to:
(a) A copy of the lease of the previous
				tenants;
(b) A copy of the lease or
				notarized statement from owners of similar or like properties; and
(c) Statements from real estate
				brokers.
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Miscellaneous Provisions › Section 361.080 - Privately owned park: "Park" interpreted; requirement for exemption

Current through June 11, 2024
1. As used in
				NRS
				361.0605, the Department shall interpret
				"park" to mean a detached tract of privately owned real property that is set
				apart and maintained for public use, generally of quite sizable proportions
				devoted to purposes of ornamentation and recreation, and usually platted out
				with trees and ornamented in a way pleasing to the eye as well as furnishing an
				opportunity for open-air recreation.
2. To qualify as a park for the purposes of
				the exemption provided by
				NRS
				361.0605, a sign which is clearly legible and
				visible from ground level must be posted at each entrance to the park stating
				"This park is open to the public for all to use."
Added to NAC by Tax
				  Comm'n, eff. 9-6-96
NRS
					 360.090,
					 361.0605
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Miscellaneous Provisions › Section 361.085 - "Portable goods and storage sheds and other household equipment" interpreted

Current through June 11,
				2024
As used in subparagraph (8) of paragraph (a) of subsection 4
				  of
				  NRS
				  361.069, the Department shall interpret
				  "portable goods and storage sheds and other household equipment" to include,
				  without limitation:
1. A portable shed
				which is less than 120 square feet in area and which does not have a
				foundation;
2. A portable carport
				or aluminum awning which is less than 120 square feet in area and which does
				not have a foundation;
3. A
				satellite dish that is owned by the owner of the dwelling unit or a person who
				resides in the dwelling unit;
4.
				Decorative outdoor lighting;
5. A
				freestanding wood stove;
6. A
				portable spa;
7. A swamp cooler or
				air-conditioning unit that is attachable to the window of dwelling
				units;
8. Skirting on a mobile
				home;
9. Portable steps on a mobile
				home; and
10. Portable tubular
				panels for a corral.
Added to NAC by Tax
				  Comm'n by R014-98, eff. 11-20-98
NRS
					 360.090,
					 361.069
Nevada Administrative Code › Chapter 361 - Property Tax › EXEMPT PROPERTY › Miscellaneous Provisions › Section 361.089 - Portions of qualified low-income housing projects

Current through
				June 11, 2024
1. An
				owner of property who wishes to qualify the property for exempt status pursuant
				to
				NRS
				361.082 must apply to the county assessor for
				the exemption not later than June 15 of each year. The application must be on a
				form approved by the Commission.
2.
				Except as otherwise provided in this section, an application for the exemption
				of property pursuant to
				NRS
				361.082 must contain information showing:
(a) That the property is part of a qualified
				low-income housing project funded in part by federal money appropriated
				pursuant to
				42 U.S.C. §§
											12701 et seq. for the year in which the
				exemption applies;
(b) That the
				property, including related facilities, has been occupied or used by qualified
				residents or will be used exclusively as low-income units as of June 15 of that
				year; and
(c) The total number of
				qualifying low-income units and the number of units rent-restricted and
				currently occupied by persons meeting the income limitation applicable under
				26 U.S.C. §
											42(g)(1).
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.106 - Definitions

Current through June 11, 2024
As used in NAC 361.106 to 361.1315, inclusive, unless the
				  context otherwise requires, the words and terms defined in NAC 361.107 to
				  361.1176, inclusive, have the meanings ascribed to them in those
				  sections.
Supplied in
				  codification; A by Tax Comm'n, 11-14-88; R013-98, 11-20-98; R031-03, 8-4-2004;
				  R166-07, 6-17-2008; R039-10, 8-13-2010, eff. 7-1-2012; R068-12,
				  9-14-2012
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.107 - "Abstraction method" defined

Current through June 11,
				2024
"Abstraction method" means a method of estimating the value
				  of land by subtracting from the sales prices of improved parcels the full
				  contributory value of all items attributable to the value of the improvements,
				  thus yielding estimates of the residual or remainder value of the land.
Added to NAC by Tax
				  Comm'n by R031-03, eff. 8-4-2004
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1073 - "Accrued depreciation" defined

Current through June 11,
				2024
"Accrued depreciation" means the amount of loss in the value
				  of an improvement relative to its replacement cost, reproduction cost or
				  original cost as a result of physical deterioration, functional obsolescence or
				  economic obsolescence.
Added to NAC by Tax
				  Comm'n by R039-10, 8-13-2010, eff. 7-1-2012
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1075 - "Adjustment" defined

Current through June 11,
				2024
"Adjustment" means a modification of the reported value of a
				  variable, such as sale price or gross income, using a model calibration
				  technique for the purpose of estimating the full cash value of property.
Added to NAC by Tax
				  Comm'n by R039-10, 8-13-2010, eff. 7-1-2012
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.109 - "Allocation method" defined

Current through June 11,
				2024
"Allocation method" means a method used to value land, in the
				  absence of a sufficient number of sales of vacant land, by estimating a typical
				  ratio of land to total value and applying that ratio to comparable improved
				  properties to determine the value that the land contributes to the total value
				  of the subject property.
Added to NAC by Tax
				  Comm'n by R031-03, eff. 8-4-2004; A by R039-10, 8-13-2010, eff.
				  7-1-2012
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1095 - "Base lot method" defined

Current through June 11,
				2024
"Base lot method" means a method of appraising land pursuant
				  to which:
1. The parcel or other area
				of land being appraised is compared to a base lot consisting of a parcel or
				hypothetical area of land having common or typical characteristics and a known
				value; and
2. Any differences
				between the parcel or other area of land being appraised and the base lot with
				respect to location, size, shape, topography and similar factors are analyzed
				by the appraiser, to estimate the value of the land being appraised.
Added to NAC by Tax
				  Comm'n by R166-07, eff. 6-17-2008
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.111 - "Capitalization of ground rents" defined

Current through June 11,
				2024
"Capitalization of ground rents" means the estimation of the
				  value of land in the absence of comparable sales by capitalizing the revenue
				  from market-rate leases of land.
Added to NAC by Tax
				  Comm'n by R031-03, eff. 8-4-2004
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1113 - "Comparative unit method" defined

Current through June 11,
				2024
"Comparative unit method" means a method of appraising land
				  pursuant to which an average or typical value is estimated for each stratum of
				  land, using square feet, front feet, acres, buildable units or other similar
				  units of comparison.
Added to NAC by Tax
				  Comm'n by R166-07, eff. 6-17-2008
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1115 - "Cost of development method" defined

Current through June 11,
				2024
"Cost of development method" means a method used to estimate
				  the value of undeveloped land in which direct and indirect costs and
				  entrepreneurial profit are deducted from an estimate of the probable proceeds
				  to be obtained from selling the land as developed parcels and the resulting net
				  income is discounted to a present value at a market-derived rate.
Added to NAC by Tax
				  Comm'n by R031-03, eff. 8-4-2004
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1117 - "Cost of replacement" defined

Current through June 11,
				2024
"Cost of replacement" means the total cost of construction
				  required to replace an improvement with a substitute of like or equal utility
				  using current standards of materials and design, including the cost of any
				  pertinent labor, materials, supervision, contractors' profit and overhead,
				  architects' plans and specifications, sales taxes and insurance.
Added to NAC by Tax
				  Comm'n by R039-10, 8-13-2010, eff. 7-1-2012
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1125 - "Expected absorption period" defined

Current through June 11,
				2024
"Expected absorption period" means the length of time within
				  which all the parcels in a qualified subdivision may reasonably be expected to
				  be sold, rented or occupied if they are actively marketed. The period begins on
				  July 1 of the year for which the tax on the parcels is levied and ends on the
				  date determined by the county assessor.
Added to NAC by Tax
				  Comm'n, eff. 11-14-88
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1127 - "Fixture" defined

Current through June 11,
				2024
"Fixture" means an item, other than a trade fixture, that was
				  originally personal property which has been installed or attached to land or an
				  improvement in a permanent manner. As used in this section, "installed or
				  attached to land or an improvement in a permanent manner" means that:
1. Either:
(a) An item is attached to, imbedded in or
				permanently resting upon land or an improvement, or is attached by other means
				that are normally used for permanent installation, and cannot be removed
				without substantially damaging the item or the land or improvement with which
				it is being used; or
(b) The use or
				purpose of an item that is not otherwise physically annexed to land or an
				improvement is so adapted that it is:
(1) A
				necessary, integral or working part of the land or improvement;
(2) Designed or committed for use with the
				land or improvement; or
(3) So
				essential to the land or improvement that the land or improvement cannot
				perform its desired function without the nonattached item; and
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.113 - "Improved land" defined

Current through June 11,
				2024
"Improved land" means land on which there are any
				  improvements sufficient to allow the identification of or establish the current
				  actual use.
Tax Comm'n, Property
				  Tax Reg. part No. 2, eff. 5-27-82-NAC A by R031-03, 8-4-2004; R039-10,
				  8-13-2010, eff. 7-1-2012
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1133 - "Improvement" defined

Current through June 11,
				2024
"Improvement" means any building, fixture or other structure
				  erected upon or affixed to the land, including, without limitation, any of
				  those improvements listed in paragraphs (a) and (b) of subsection 1 of
				  NRS
				  361.035. The term does not include any land
				  enhancements.
Added to NAC by Tax
				  Comm'n by R039-10, 8-13-2010, eff. 7-1-2012
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1141 - "Land" defined

Current through June 11,
				2024
"Land" means that portion of real property which
				  includes:
1. The surface of the earth,
				together with the air space above that surface and everything under that
				surface to the apex at the center of the earth;
2. Any natural resource in its natural state
				attached to the land, including, without limitation, mineral deposits, timber,
				water and soil; and
3. Any rights,
				interests, benefits and privileges belonging or attached to the land.
Added to NAC by Tax
				  Comm'n by R039-10, 8-13-2010, eff. 7-1-2012
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1145 - "Land enhancements" defined

Current through June 11,
				2024
"Land enhancements" means:
1. Physical modifications of the land whose
				contribution to the value of the land is not subject to wear and tear or to
				exhaustion, such as, without limitation, excavation and other earthwork;
				and
2. Rights which allow the land
				to be put to any use.
Added to NAC by Tax
				  Comm'n by R039-10, 8-13-2010, eff. 7-1-2012
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.115 - "Land residual technique" defined

Current through June 11,
				2024
"Land residual technique" means a method used to estimate the
				  value of land from a knowledge of normal net income, the discount rate, the
				  remaining economic life of the property and the full contributory value of any
				  improvements and nonrealty items. The method isolates a measurable income
				  stream attributable to the improvements and then estimates the value of the
				  land by capitalizing the income stream attributable to the land.
Added to NAC by Tax
				  Comm'n by R031-03, eff. 8-4-2004
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1155 - "Mass appraisal technique" defined

Current through June 11,
				2024
"Mass appraisal technique" means a procedure for the
				  valuation of a group of properties as of a given date using either a base lot
				  method or comparative unit method.
Added to NAC by Tax
				  Comm'n by R166-07, eff. 6-17-2008; A by R039-10, 8-13-2010, eff.
				  7-1-2012
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.116 - "Obsolescence" defined

Current through June 11,
				2024
"Obsolescence" means an impairment to property resulting in
				  the full cash value of the property being less than its taxable value as
				  otherwise computed.
Tax Comm'n, Property
				  Tax Reg. part No. 2, eff. 1-14-82
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1163 - "Off-site enhancements" defined

Current through June 11,
				2024
"Off-site enhancements" means improvements and land
				  enhancements outside the boundaries of the subject property which facilitate
				  the development of the property for any use, including, without limitation,
				  such improvements and land enhancements that do not prepare the property for a
				  specific use, such as streets, traffic signals, curbs, gutters and sidewalks,
				  and such improvements and land enhancements for the provision of water service,
				  sewer service, electricity service, natural gas service, telephone service and
				  service for the transmission of data.
Added to NAC by Tax
				  Comm'n by R039-10, 8-13-2010, eff. 7-1-2012
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1165 - "On-site enhancements" defined

Current through June 11,
				2024
"On-site enhancements" means land enhancements within the
				  boundaries of the subject property which facilitate the development of the
				  property for any use.
Added to NAC by Tax
				  Comm'n by R039-10, 8-13-2010, eff. 7-1-2012
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1167 - "Parcel" defined

Current through June 11,
				2024
"Parcel" means a contiguous area of land which is:
1. Held under common ownership;
2. Subject to conveyance separately from
				other land; and
3. Identified by an
				assessor's parcel number in accordance with the provisions of
				NRS 361.189 to
				361.220,
				inclusive.
Added to NAC by Tax
				  Comm'n by R039-10, 8-13-2010, eff. 7-1-2012
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.117 - "Qualified subdivision" defined

Current through June 11,
				2024
"Qualified subdivision" means a group of parcels meeting the
				  criteria contained in NAC 361.129.
Added to NAC by Tax
				  Comm'n, eff. 11-14-88
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1171 - "Raw land" defined

Current through June 11,
				2024
"Raw land" means land in its natural state before any human
				  modification.
Added to NAC by Tax
				  Comm'n by R039-10, 8-13-2010, eff. 7-1-2012
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.11715 - "Real property" defined

Current through June 11,
				2024
1. "Real property"
				has the meaning ascribed to it in
				NRS
				361.035 and includes:
(a) Land;
(b) Fixtures;
(c) Improvements;
(d) On-site enhancements; and
(e) Any rights, interests, benefits and
				privileges belonging or attached to the land.
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1172 - "Regression analysis" defined

Current through June 11,
				2024
"Regression analysis" means a statistical technique used to
				  analyze data to predict the value of one variable from the known values of
				  other variables.
Added to NAC by Tax
				  Comm'n by R166-07, eff. 6-17-2008
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1173 - "Single property technique" defined

Current through June 11,
				2024
"Single property technique" means a procedure for the
				  valuation of a single parcel or other area of land as of a given date.
Added to NAC by Tax
				  Comm'n by R166-07, eff. 6-17-2008; A by R039-10, 8-13-2010, eff.
				  7-1-2012
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.1174 - "Stratify" defined

Current through June 11,
				2024
"Stratify" means to sort parcels of property into relatively
				  homogeneous groups based upon use, physical characteristics, location or other
				  relevant characteristics.
Added to NAC by Tax
				  Comm'n by R039-10, 8-13-2010, eff. 7-1-2012
NRS
					 360.090,
					 360.250
Nevada Administrative Code › Chapter 361 - Property Tax › ASSESSMENTS BY COUNTY ASSESSORS › Determination of Taxable Value of Real Property › Section 361.11745 - "Trade fixture" defined

Current through June 11,
				2024
"Trade fixture" means an item of personal property
				  that:
1. Is installed or attached
				nonpermanently to real property by an owner or tenant for the purpose of
				conducting a business or trade and not for the enhancement of the real property
				to which it is installed or attached; and
2. Has a unique identity and function which
				is related to the business or trade for which it is installed or attached and
				which is distinct from the real property to which it is installed or
				attached.
Added to NAC by Tax
				  Comm'n by R068-12, eff. 9-14-2012
NRS
					 360.090,
					 360.250