reglab/statecodes huggingface dataset:
Nevada Administrative Code › Chapter 361 - Property Tax › ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES › Property Located in Redevelopment Area or Tax Increment Area › Section 361.789 - "Debt tax rate" defined

Current through June 11,
			 2024
"Debt tax rate" means the rate of ad valorem
			 taxes levied by or on behalf of a taxing entity in a fiscal year for the
			 payment of the bonded indebtedness of that taxing entity, as included in the
			 combined tax rate certified by the Commission for that fiscal year in
			 accordance with
			 NRS
			 361.4547.
Added to NAC by Com. on Local
			 Gov't Finance by R022-08, 4-17-2008, eff.
			 7-1-2008
NRS
			 361.4733
Nevada Administrative Code › Chapter 361 - Property Tax › ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES › Property Located in Redevelopment Area or Tax Increment Area › Section 361.791 - "Entity-adjusted parcel tax rate" defined

Current through June 11,
			 2024
"Entity-adjusted parcel tax rate" has the
			 meaning ascribed to it in NAC 361.760.
Added to NAC by Com. on Local
			 Gov't Finance by R022-08, 4-17-2008, eff.
			 7-1-2008
NRS
			 361.4733
Nevada Administrative Code › Chapter 361 - Property Tax › ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES › Property Located in Redevelopment Area or Tax Increment Area › Section 361.793 - "Entity-adjusted parcel tax rate increase" defined

Current through June
			 11, 2024
"Entity-adjusted parcel tax rate increase"
			 means:
1. Except as otherwise provided
			 in subsection 2, the remainder obtained by subtracting the entity-adjusted
			 parcel tax rate of a taxing entity applicable to a parcel or other taxable unit
			 of property for the immediately preceding fiscal year from the entity-adjusted
			 parcel tax rate of that taxing entity applicable to that property for the
			 current fiscal year; or
2. If the
			 remainder determined pursuant to subsection 1 is a negative number,
			 zero.
Added to NAC by Com. on Local
			 Gov't Finance by R022-08, 4-17-2008, eff.
			 7-1-2008
NRS
			 361.4733
Nevada Administrative Code › Chapter 361 - Property Tax › ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES › Property Located in Redevelopment Area or Tax Increment Area › Section 361.795 - "Entity parcel tax rate increase" defined

Current through June 11,
			 2024
"Entity parcel tax rate increase" means:
1. Except as otherwise provided in subsection
			 2, the remainder obtained by subtracting the entity-adjusted parcel tax rate of
			 a taxing entity applicable to a parcel or other taxable unit of property for
			 the immediately preceding fiscal year from the rate of ad valorem taxes imposed
			 by or on behalf of that taxing entity on that property for the current fiscal
			 year; or
2. If the remainder
			 determined pursuant to subsection 1 is a negative number, zero.
Added to NAC by Com. on Local
			 Gov't Finance by R022-08, 4-17-2008, eff.
			 7-1-2008
NRS
			 361.4733
Nevada Administrative Code › Chapter 361 - Property Tax › ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES › Property Located in Redevelopment Area or Tax Increment Area › Section 361.797 - "Entity percentage allowed parcel tax rate increase" defined

Current through June 11, 2024
"Entity
			 percentage allowed parcel tax rate increase" means:
1. Except as otherwise provided in subsection
			 2, the percentage obtained by dividing the entity-adjusted parcel tax rate of a
			 taxing entity applicable to a parcel or other taxable unit of property by the
			 entity parcel tax rate increase of that taxing entity applicable to that
			 property; or
2. If the entity
			 parcel tax rate increase of a taxing entity applicable to a parcel or other
			 taxable unit of property is zero, 100 percent.
Added to NAC by Com. on Local
			 Gov't Finance by R022-08, 4-17-2008, eff.
			 7-1-2008
NRS
			 361.4733
Nevada Administrative Code › Chapter 361 - Property Tax › ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES › Property Located in Redevelopment Area or Tax Increment Area › Section 361.799 - "Parcel effective assessed value" defined

Current through June
			 11, 2024
"Parcel effective assessed value" means the
			 amount calculated by dividing the dollar amount of ad valorem taxes levied on a
			 parcel or other taxable unit of property, after taking into account any
			 applicable partial abatement of taxes pursuant to
			 NRS
			 361.4722,
			 361.4723
			 or
			 361.4724,
			 by the combined overlapping adjusted tax rate applicable to that
			 property.
Added to NAC by Com. on Local
			 Gov't Finance by R022-08, 4-17-2008, eff.
			 7-1-2008
NRS
			 361.4733
Nevada Administrative Code › Chapter 361 - Property Tax › ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES › Property Located in Redevelopment Area or Tax Increment Area › Section 361.801 - "Parcel effective incremental value" defined

Current through
			 June 11, 2024
"Parcel effective incremental value"
			 means:
1. Except as otherwise provided
			 in subsection 2, the remainder obtained by subtracting the parcel share of base
			 value of a parcel or other taxable unit of property from the parcel effective
			 assessed value of that property; or
2. If the remainder determined pursuant to
			 subsection 1 is a negative number, zero.
Added to NAC by Com. on Local
			 Gov't Finance by R022-08, 4-17-2008, eff.
			 7-1-2008
NRS
			 361.4733
Nevada Administrative Code › Chapter 361 - Property Tax › ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES › Property Located in Redevelopment Area or Tax Increment Area › Section 361.803 - "Parcel share of base value" defined

Current through June 11,
			 2024
"Parcel share of base value" means, for a
			 parcel or other taxable unit of property located in a:
1. Redevelopment area, the product obtained
			 by multiplying the base value of the taxable property in the redevelopment
			 area, as determined in accordance with the provisions of paragraph (a) of
			 subsection 1 of
			 NRS
			 279.676, by the quotient obtained by dividing
			 the parcel effective assessed value of that parcel or other taxable unit of
			 property by the sum of the parcel effective assessed values of all the parcels
			 and other taxable units of property in that redevelopment area.
2. Tax increment area, the product obtained
			 by multiplying the base value of the taxable property in the tax increment
			 area, as determined in accordance with the provisions of paragraph (a) of
			 subsection 1 of
			 NRS
			 278C.250, by the quotient obtained by
			 dividing the parcel effective assessed value of that parcel or other taxable
			 unit of property by the sum of the parcel effective assessed values of all the
			 parcels and other taxable units of property in that tax increment
			 area.
Added to NAC by Com. on Local
			 Gov't Finance by R022-08, 4-17-2008, eff.
			 7-1-2008
NRS
			 361.4733
Nevada Administrative Code › Chapter 361 - Property Tax › ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES › Property Located in Redevelopment Area or Tax Increment Area › Section 361.805 - "Property" defined

Current through June 11,
			 2024
"Property" means property located in a
			 redevelopment area or tax increment area.
Added to NAC by Com. on Local
			 Gov't Finance by R022-08, 4-17-2008, eff.
			 7-1-2008
NRS
			 361.4733
Nevada Administrative Code › Chapter 361 - Property Tax › ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES › Property Located in Redevelopment Area or Tax Increment Area › Section 361.807 - "Redevelopment area" defined

Current through June 11,
			 2024
"Redevelopment area" means a redevelopment
			 area, as defined in
			 NRS
			 279.410, regarding which any taxes levied on
			 property in that area are distributed as provided in
			 NRS
			 279.676.
Added to NAC by Com. on Local
			 Gov't Finance by R022-08, 4-17-2008, eff.
			 7-1-2008
NRS
			 361.4733
Nevada Administrative Code › Chapter 361 - Property Tax › ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES › Property Located in Redevelopment Area or Tax Increment Area › Section 361.809 - "Tax increment area" defined

Current through June 11,
			 2024
"Tax increment area" means a tax increment
			 area, as defined in
			 NRS
			 278C.130, regarding which any taxes levied on
			 property in that area are distributed as provided in
			 NRS
			 278C.250.
Added to NAC by Com. on Local
			 Gov't Finance by R022-08, 4-17-2008, eff.
			 7-1-2008
NRS
			 361.4733
Nevada Administrative Code › Chapter 361 - Property Tax › ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES › Property Located in Redevelopment Area or Tax Increment Area › Section 361.811 - "Taxing entity" defined

Current through June 11,
			 2024
"Taxing entity" has the meaning ascribed to it
			 in
			 NRS
			 361.4721.
Added to NAC by Com. on Local
			 Gov't Finance by R022-08, 4-17-2008, eff.
			 7-1-2008
NRS
			 361.4733
Nevada Administrative Code › Chapter 361 - Property Tax › ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES › Property Located in Redevelopment Area or Tax Increment Area › Section 361.813 - Calculations: General requirements

Current through June 11,
			 2024
1. Except as
			 otherwise provided in NAC 361.785 to 361.821, inclusive, each calculation
			 required pursuant to those provisions must be:
(a) Calculated separately for each parcel or
			 other taxable unit of property; and
(b) Recalculated for each fiscal
			 year.
Nevada Administrative Code › Chapter 361 - Property Tax › ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES › Property Located in Redevelopment Area or Tax Increment Area › Section 361.815 - Distribution of ad valorem taxes collected on property for which parcel effective incremental value is zero

Current through June 11,
			 2024
The ad valorem taxes collected on a parcel or
			 other taxable unit of property for which the parcel effective incremental value
			 is zero must be distributed in the same manner as if the property was not
			 located in a redevelopment area or tax increment area.
Added to NAC by Com. on Local
			 Gov't Finance by R022-08, 4-17-2008, eff.
			 7-1-2008
NRS
			 361.4733
Nevada Administrative Code › Chapter 361 - Property Tax › ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES › Property Located in Redevelopment Area or Tax Increment Area › Section 361.817 - Distribution of ad valorem taxes collected on property located in redevelopment area and for which parcel effective incremental value is greater than zero

Current through June 11, 2024
1. Except as otherwise provided in subsection
			 2 of
			 NRS
			 279.676 and NAC 361.821, the ad valorem taxes
			 collected on a parcel or other taxable unit of property which is located in a
			 redevelopment area and for which the parcel effective incremental value is
			 greater than zero must be distributed as follows:
(a) The amount of taxes determined by
			 multiplying the parcel share of base value by the combined overlapping adjusted
			 tax rate applicable to that property must be distributed to the entities
			 entitled to receive those taxes pursuant to paragraph (a) of subsection 1 of
			 NRS
			 279.676 in proportion to their respective
			 entity adjusted parcel tax rates;
(b) The amount of taxes determined by
			 multiplying the combined overlapping post-1996 adjusted parcel tax rate by the
			 parcel effective incremental value applicable to that property must be
			 distributed to the entities described in paragraphs (c) and (d) of subsection 1
			 of
			 NRS
			 279.676 in proportion to their respective
			 post-1996 adjusted parcel tax rates; and
(c) After deducting the amount of taxes
			 required to be distributed pursuant to paragraphs (a) and (b), any remaining
			 amount must be distributed to the redevelopment agency as provided in paragraph
			 (b) of subsection 1 of
			 NRS
			 279.676.
Nevada Administrative Code › Chapter 361 - Property Tax › ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES › Property Located in Redevelopment Area or Tax Increment Area › Section 361.819 - Distribution of ad valorem taxes collected on property located in tax increment area and for which parcel effective incremental value is greater than zero

Current through June 11, 2024
1. Except as otherwise provided in subsection
			 2, NAC 361.821 and subsections 2 and 3 of
			 NRS
			 278C.250, the ad valorem taxes collected on a
			 parcel or other taxable unit of property which is located in a tax increment
			 area and for which the parcel effective incremental value is greater than zero
			 must be distributed as follows:
(a) The
			 amount of taxes determined by multiplying the parcel share of base value by the
			 combined overlapping adjusted tax rate applicable to that property must be
			 distributed to the entities entitled to receive those taxes pursuant to
			 paragraph (a) of subsection 1 of
			 NRS
			 278C.250 in proportion to their respective
			 entity-adjusted parcel tax rates;
(b) The amount of taxes determined by
			 multiplying the combined overlapping debt and override adjusted parcel tax rate
			 by the parcel effective incremental value applicable to that property must be
			 distributed to the entities described in paragraphs (a), (b) and (c) of
			 subsection 4 of
			 NRS
			 278C.250 in proportion to their respective
			 debt and override adjusted parcel tax rates;
(c) The amount of taxes determined by
			 multiplying the tax rate specified in subsection 1 of
			 NRS
			 387.195 by the parcel effective incremental
			 value applicable to that property must be distributed as provided in paragraph
			 (d) of subsection 4 of
			 NRS
			 278C.250;
(d) After deducting the amount of taxes
			 required to be distributed pursuant to paragraphs (a), (b) and (c), any
			 remaining amount which does not exceed the combined total amount required for
			 annual debt service on any bonds that have been issued by the entity that
			 created that tax increment area and regarding which any revenues of that tax
			 increment area have been pledged, must be distributed to that entity as
			 provided in paragraphs (b) and (c) of subsection 1 of
			 NRS
			 278C.250; and
(e) After deducting the amount of taxes
			 required to be distributed pursuant to paragraphs (a) to (d), inclusive, any
			 remaining amount must be distributed:
(1)
			 Except as otherwise provided in subparagraph (2), to the taxing entities that
			 impose a nonschool, nondebt and nonoverride adjusted parcel tax rate in
			 proportion to their respective nonschool, nondebt and nonoverride adjusted
			 parcel tax rates as provided in paragraph (d) of subsection 1 of
			 NRS
			 278C.250; or
(2) If the taxes are collected on property
			 located in a tax increment area created pursuant to
			 NRS
			 278C.155, to the entity that created the tax
			 increment area.
Nevada Administrative Code › Chapter 361 - Property Tax › ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES › Property Located in Redevelopment Area or Tax Increment Area › Section 361.821 - Application of certain provisions: Limitations

Current through June
			 11, 2024
The provisions of NAC 361.817 and 361.819
			 must not be applied in any manner that:
1. Would provide for the abatement of any
			 increase in ad valorem taxes which, in accordance with
			 NRS
			 361.4726, subsection 3 of
			 NRS
			 361.4727 or
			 NRS
			 361.4728, is exempt from each partial
			 abatement from taxation provided pursuant to
			 NRS
			 361.4722,
			 361.4723
			 and
			 361.4724;
			 or
2. Would not allocate the
			 revenue from any increase in ad valorem taxes described in subsection 1 to the
			 taxing entity who levies that increase or on behalf of whom that increase is
			 levied.
Added to NAC by Com. on Local
			 Gov't Finance by R022-08, 4-17-2008, eff.
			 7-1-2008
NRS
			 361.4733
Nevada Administrative Code › Chapter 361 - Property Tax › POSTPONEMENT OF PAYMENT OF TAX › Section 361.851 - Claim: Filing; form; contents; accompanying documentation

Current through June 11, 2024
1. The owner of a single-family residence who
			 wishes to file a claim to postpone the payment of the property taxes accrued
			 against his or her residence must file the claim with the county treasurer of
			 the county in which the residence is located not later than 10 days after the
			 date on which the last installment of those taxes is due for the current fiscal
			 year. A claim:
(a) Must be filed for each
			 fiscal year in which property taxes to be postponed are accrued.
(b) May not be filed for more than 3
			 consecutive fiscal years.
Nevada Administrative Code › Chapter 361 - Property Tax › POSTPONEMENT OF PAYMENT OF TAX › Section 361.853 - Claim: Action by county treasurer

Current through June 11,
			 2024
1. Upon the receipt
			 of a claim for the postponement of the payment of property tax, a county
			 treasurer shall verify:
(a) The last known
			 owner of record of the single-family residence for which the claim is made, by
			 inspecting public records containing such information.
(b) The parcel number or identification
			 number assigned to the residence by the county assessor of the county in which
			 the residence is located, the land use and total assessed value of the
			 residence, and whether the residence is on the secured or unsecured tax roll,
			 by inspecting the records of the county assessor.
(c) Whether the claimant or any other owner
			 of the residence is the subject of any proceeding in bankruptcy, by inspecting
			 the records of the United States Bankruptcy Courts located in this
			 State.
(d) Whether the claimant or
			 any other owner of the residence owes delinquent property taxes on the
			 residence for a year other than the year in which the claim is filed.
(e) The total assessed value of any other
			 real property in this State owned by the claimant and the total assessed value
			 of any other real property in this State owned by any other owner of the
			 residence.
Nevada Administrative Code › Chapter 361 - Property Tax › POSTPONEMENT OF PAYMENT OF TAX › Section 361.855 - Determination of eligible amount of income

Current through June 11,
			 2024
1. The Department
			 will annually provide to the county treasurers of this State the amount of
			 income for the current fiscal year that is at or below the federally designated
			 level signifying poverty, based on the guidelines established in the Federal
			 Register by the United States Department of Health and Human Services pursuant
			 to 42 U.S.C. §
									9902(2).
2. Each county treasurer shall use the amount
			 of income provided by the Department pursuant to subsection 1 to determine
			 whether a claimant is eligible to postpone the payment of the property taxes
			 accrued against his or her single-family residence.
Added to NAC by Dep't of Taxation
			 by R225-03, eff. 2-18-2004
NRS
			 361.7374,
			 361.7382
Nevada Administrative Code › Chapter 361 - Property Tax › POSTPONEMENT OF PAYMENT OF TAX › Section 361.857 - Approval of claim for taxes accrued against mobile or manufactured home

Current through June 11, 2024
A county
			 treasurer may approve a claim to postpone the property taxes accrued against a
			 mobile home or manufactured home if:
1. That home is a single-family residence as
			 defined in
			 NRS
			 361.7372; and
2. The claimant is otherwise eligible to
			 postpone the payment of those taxes.
Added to NAC by Dep't of Taxation
			 by R225-03, eff. 2-18-2004
NRS
			 361.7374
Nevada Administrative Code › Chapter 361 - Property Tax › POSTPONEMENT OF PAYMENT OF TAX › Section 361.859 - Approval of claim for taxes accrued against single-family residence owned by trust

Current through June 11,
			 2024
A county treasurer may approve a claim to
			 postpone the payment of the property taxes accrued against a single-family
			 residence that is owned by a trust if:
1. The claimant or any other owner of the
			 residence is one of the trustors;
2. The claim is accompanied by a certificate
			 of trust which indicates that the claimant or another owner of the residence is
			 a trustor; and
3. The claimant is
			 otherwise eligible to postpone the payment of those taxes.
Added to NAC by Dep't of Taxation
			 by R225-03, eff. 2-18-2004
NRS
			 361.7374
Nevada Administrative Code › Chapter 361 - Property Tax › POSTPONEMENT OF PAYMENT OF TAX › Section 361.861 - Determination of amount for and period of postponement

Current
			 through June 11, 2024
1.
			 If a county treasurer approves a claim to postpone the payment of property
			 taxes accrued against a single-family residence, the county treasurer shall
			 determine the amount of property tax that will be postponed and the period for
			 which the property tax will be postponed based on the information contained in
			 the claim.
2. If the claimant is in
			 arrears in the payment of any installment of the property taxes due for the
			 current fiscal year, the county treasurer may postpone the payment of the taxes
			 for the entire fiscal year or for any portion of that year.
3. The period for which property tax accrued
			 in a fiscal year will be postponed may not exceed 1 year.
Added to NAC by Dep't of Taxation
			 by R225-03, eff. 2-18-2004
NRS
			 361.7374,
			 361.7382
Nevada Administrative Code › Chapter 361 - Property Tax › POSTPONEMENT OF PAYMENT OF TAX › Section 361.863 - Certificate of eligibility: Form; exclusion of certain information

Current through June 11, 2024
1. The form for a certificate of eligibility
			 prescribed by the Department will be:
(a)
			 Submitted to the Commission for its approval.
(b) Designed to comply with the recording
			 requirements of the county recorders in this State.
Nevada Administrative Code › Chapter 361 - Property Tax › POSTPONEMENT OF PAYMENT OF TAX › Section 361.865 - Certificate of eligibility: Effects of recordation and filing

Current
			 through June 11, 2024
1.
			 The recordation of a copy of a certificate of eligibility pursuant to
			 NRS
			 361.7386 does not:
(a) Confer upon the claimant a right to a
			 refund of property taxes already paid.
(b) Waive the duties of the county treasurer
			 of the county in which the single-family residence is located to:
(1) Mail a notice of delinquency as required
			 by
			 NRS
			 361.5648; or
(2) Issue a trustee's certificate as required
			 by
			 NRS
			 361.570.
(c) Change the date upon which the property
			 taxes become delinquent or the period of redemption set forth in
			 NRS
			 361.570.
Nevada Administrative Code › Chapter 361 - Property Tax › POSTPONEMENT OF PAYMENT OF TAX › Section 361.867 - Statement of amount postponed: Contents

Current through June 11,
			 2024
A statement of the total amount of property tax
			 postponed that is provided pursuant to
			 NRS
			 361.7392 must include:
1. The total amount of taxes owed as of the
			 date of the statement. This amount must include penalties incurred for the
			 current fiscal year and before the period of postponement becomes
			 effective.
2. The total amount of
			 interest accrued as of the date of the statement.
Added to NAC by Dep't of Taxation
			 by R225-03, eff. 2-18-2004
NRS
			 361.7374,
			 361.7392
Nevada Administrative Code › Chapter 361 - Property Tax › POSTPONEMENT OF PAYMENT OF TAX › Section 361.869 - Application of payments made before amounts become due

Current
			 through June 11, 2024
If a claimant makes payments
			 on the amount of property tax postponed before they become due and payable, the
			 county treasurer of the county in which the single-family residence is located
			 shall apply those payments to the taxes that have been postponed for the
			 longest time.
Added to NAC by Dep't of Taxation
			 by R225-03, eff. 2-18-2004
NRS
			 361.7374,
			 361.7394
Nevada Administrative Code › Chapter 361 - Property Tax › POSTPONEMENT OF PAYMENT OF TAX › Section 361.871 - Fraudulent claims

Current through June 11,
			 2024
If a county treasurer determines that any
			 person has willfully made a materially false statement or used any other
			 fraudulent device to secure for himself or herself or any other person the
			 postponed payment of property tax pursuant to the provisions of
			 NRS 361.736 to
			 361.7398,
			 inclusive, the county treasurer shall refer the claim to the district attorney
			 for prosecution.
Added to NAC by Dep't of Taxation
			 by R225-03, eff. 2-18-2004
NRS
			 361.7374
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › General Provisions › Section 361.900 - Definitions

Current through June 11, 2024
As used in
			 NAC 361.900 to 361.958, inclusive, unless the context otherwise requires, the
			 words and terms defined in NAC 361.902 to 361.914, inclusive, have the meanings
			 ascribed to them in those sections.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › General Provisions › Section 361.902 - "Certificate" defined

Current through June 11,
			 2024
"Certificate" means a certificate of allodial
			 title issued by the State Treasurer, which is evidence that the titleholder has
			 qualified for allodial title.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › General Provisions › Section 361.904 - "Installment agreement" defined

Current through June 11,
			 2024
"Installment agreement" means a
			 contract:
1. Pursuant to which a
			 titleholder establishes allodial title by the payment of all required
			 installment payments; and
2. Which
			 consists of the provisions of an application for allodial title and an
			 agreement and schedule for installment payments provided by the State
			 Treasurer.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › General Provisions › Section 361.906 - "Owns" defined

Current through June 11,
			 2024
"Owns" means that title is held by a natural
			 person as his or her sole property, or by more than one natural person as joint
			 tenants or tenants in common.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › General Provisions › Section 361.908 - "Program" defined

Current through June 11,
			 2024
"Program" means the program for allodial title
			 established pursuant to
			 NRS
			 361.900 to
			 361.920,
			 inclusive, and NAC 361.900 to 361.958, inclusive.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › General Provisions › Section 361.910 - "Property tax" defined

Current through June 11,
			 2024
"Property tax" means the combined ad valorem
			 taxes levied by all governmental entities on a single-family dwelling, its
			 appurtenances and the land on which it is located. The term does not include
			 the tax levied upon the net proceeds of minerals, which is determined pursuant
			 to
			 NRS
			 362.140.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › General Provisions › Section 361.912 - "Single-family dwelling" defined

Current through June 11,
			 2024
"Single-family dwelling" means a single-family
			 residence which is used as the primary living quarters of a titleholder and
			 which is not used for a commercial purpose.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › General Provisions › Section 361.914 - "Titleholder" defined

Current through June 11,
			 2024
"Titleholder" means a natural person who holds
			 title to, owns and occupies a single-family dwelling, its appurtenances and the
			 land on which it is located free and clear of all encumbrances, except any
			 unpaid assessment for a public improvement. The term does not include a
			 corporation or other business entity, or a trust.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › Program › Section 361.920 - Purpose; requirements for participation

Current through June
			 11, 2024
1. The program
			 for allodial title allows qualified titleholders to pay their property taxes
			 for a period equal to the life expectancy of the youngest titleholder of the
			 property on which a single-family dwelling is located. A titleholder:
(a) Must occupy the single-family dwelling as
			 his or her primary residence; and
(b) Is ineligible to hold allodial title on
			 more than one single-family dwelling at the same time.
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › Certificate › Section 361.926 - Denial of application for failure to provide requested information

Current through June 11, 2024
The State
			 Treasurer may deny an application if a titleholder fails to provide to the
			 State Treasurer any information requested by the State Treasurer relating to
			 the application or an installment agreement within a reasonable period
			 prescribed by the State Treasurer. The titleholder is not prohibited from
			 submitting another application in the future.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.900,
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › Certificate › Section 361.928 - Consequences of fraudulent misrepresentation or omission of information relating to application or installment agreement

Current through
			 June 11, 2024
1. If the
			 State Treasurer determines that a titleholder has fraudulently misrepresented
			 or omitted any information relating to an application or installment agreement,
			 the State Treasurer may deny the application, cancel the installment agreement
			 or revoke the certificate.
2. If
			 the State Treasurer cancels the installment agreement, the State Treasurer will
			 so notify the titleholder and:
(a) Prepare a
			 refund in the manner and subject to the provisions set forth in
			 NRS
			 361.900 for a refund upon the rescission of
			 an installment agreement; and
(b)
			 Remit the refund to the titleholder within 90 days.
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › Certificate › Section 361.930 - Cost: Determination; actuarial calculations; credit for certain property tax payments

Current through June 11,
			 2024
1. The State
			 Treasurer will determine the cost of a certificate in accordance with the
			 provisions of
			 NRS
			 361.900.
2. An actuarial calculation will be used to
			 project the life expectancy of the titleholders of the property, the income
			 that will be earned on the money in the Allodial Title Trust Account, and
			 changes in the assessed valuation of the property, including, without
			 limitation, the results of inflation and changes in taxable value resulting
			 from the construction, remodeling or rebuilding of improvements.
3. If the titleholder has made any property
			 tax payments that cover a period after the effective date of the certificate,
			 the titleholder will be provided credit for those property tax payments against
			 the cost of the certificate.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.900,
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › Certificate › Section 361.932 - Cost: Payment options

Current through June 11,
			 2024
The cost of the certificate may be paid by the
			 titleholder:
1. In one lump sum;
			 or
2. In annual installments over a
			 period not to exceed 10 years.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.900,
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › Certificate › Section 361.934 - Payment in lump sum

Current through June 11,
			 2024
If a titleholder chooses to pay in a lump
			 sum:
1. The titleholder shall remit
			 payment within 90 days after the State Treasurer provides notice of the amount
			 of the lump sum. If the lump sum is not received by the State Treasurer within
			 that period, the State Treasurer will recalculate the cost of the
			 certificate.
2. The titleholder
			 will have the option of signing an agreement that the lump-sum cost may be
			 recalculated if improvements are made which increase the taxable value of the
			 property at least 20 percent over the taxable value of the property at the time
			 the lump-sum cost was determined. If the titleholder signs such an agreement,
			 the State Treasurer will reduce the lump-sum cost.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.900,
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › Certificate › Section 361.936 - Payment in annual installments: Installment agreement

Current
			 through June 11, 2024
If a titleholder chooses to
			 pay in annual installments:
1. The
			 titleholder must enter into an installment agreement with the State of
			 Nevada.
2. The installment
			 agreement must contain a provision that the State Treasurer will adjust the
			 final installment payment to reflect any increase or decrease in the assessed
			 valuation of the property since the date of the application in accordance with
			 subsection 8 of
			 NRS
			 361.900.
3. The State Treasurer may:
(a) Calculate varying annual installments so
			 that the final installment payment will not be extraordinarily high.
(b) Estimate a projected rate of change in
			 the assessed valuation of the property so that each annual installment will
			 include a portion of the change and the final installment will not include the
			 entire amount of the change.
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › Certificate › Section 361.938 - Payment in annual installments: Remittance of payments; default

Current through June 11, 2024
1. If a titleholder chooses to pay in annual
			 installments, the titleholder shall remit payments pursuant to the installment
			 agreement on the dates and in the amounts set forth in the schedule for
			 participation and payment provided to the titleholder by the State
			 Treasurer.
2. If a titleholder
			 fails to remit a payment required by the installment agreement within 30 days
			 after the due date, the titleholder shall be deemed to be in default of the
			 installment agreement.
3. If a
			 titleholder is deemed to be in default, the State Treasurer will so notify the
			 titleholder and:
(a) Prepare a refund in the
			 manner and subject to the provisions set forth in
			 NRS
			 361.900 for a refund upon the rescission of
			 an installment agreement; and
(b)
			 Remit the refund to the titleholder within 90 days.
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › Certificate › Section 361.940 - Notification of State Treasurer by holder of certificate if certain changes relating to property occur

Current through June 11,
			 2024
1. A titleholder of
			 property for which a certificate has been issued shall notify the State
			 Treasurer within 60 days after:
(a) The
			 titleholder sells or transfers the property;
(b) The titleholder rents or leases the
			 property;
(c) The titleholder
			 converts the residence, appurtenances or land to use by or as a commercial
			 business;
(d) The titleholder moves
			 or otherwise fails to live in the residence;
(e) The titleholder encumbers or applies for
			 a mortgage or loan, using the property as collateral;
(f) A titleholder is added to or deleted from
			 the deed for the property; or
(g) A
			 titleholder of the property dies.
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › Certificate › Section 361.942 - Recalculation of cost upon addition or deletion of allodial titleholder involving transfer of interest to person other than joint tenant

Current
			 through June 11, 2024
Upon the addition or deletion
			 of an allodial titleholder that involves a transfer of interest to a person
			 other than a joint tenant, the State Treasurer will recalculate the cost of the
			 certificate using revised actuarial assumptions reflecting the transfer. The
			 actuarial calculation will be performed in the same manner as the original
			 actuarial calculation, using the new data supplied by the titleholder and
			 county assessor.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.915,
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › Certificate › Section 361.944 - Recalculation of cost upon addition or deletion of allodial titleholder to reflect change in titleholders and taxable value

Current through June
			 11, 2024
1. The addition
			 or deletion of an allodial titleholder may require a recalculation by the State
			 Treasurer of the cost of the certificate to reflect the actuarial assumptions
			 of the life expectancy of the allodial titleholders and the taxable value of
			 the specific property.
2. Upon
			 receipt of an application to add or delete an allodial titleholder, the county
			 treasurer shall notify the State Treasurer, who will recalculate the actuarial
			 assumptions based on the change in titleholders and change in taxable
			 value.
3. The State Treasurer will
			 determine if any additional amount needs to be paid for the cost of the
			 certificate for that property and notify the titleholders and the county
			 treasurer.
4. A recalculation may
			 not be needed if a deletion occurs solely through the death of a titleholder
			 without transfer of the decedent's interest to another person, including,
			 without limitation, the death of a joint tenant with survivorship
			 rights.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.915,
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › Certificate › Section 361.946 - Relinquishment; refund

Current through June 11,
			 2024
1. If the
			 titleholder relinquishes the certificate, or the State Treasurer determines the
			 titleholder no longer qualifies, the State Treasurer will prepare a refund in
			 accordance with
			 NRS
			 361.915.
2. A refund must be requested in writing from
			 the State Treasurer, who will process the request within 90 days after
			 receiving the request.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.915,
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › Certificate › Section 361.948 - Transference to heir

Current through June 11,
			 2024
1. The certificate
			 may be transferred to the heir of an allodial titleholder in accordance with
			 NRS
			 361.910.
2. The State Treasurer will review the
			 information set forth in the application and determine if any additional
			 information is needed to process the transfer of the allodial title to the
			 heir.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS 361.910,
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › Annual Statement › Section 361.950 - Provision by State Treasurer to designee

Current through June 11,
			 2024
Each application for allodial title must list
			 the first titleholder as the designee. The State Treasurer will provide the
			 designee with an annual statement listing:
1. The proper share of income earned on the
			 account of the titleholder in the Allodial Title Trust Account, with any
			 appropriate adjustments thereto; and
2. The amount of tax actually paid each year
			 with respect to the property, and other information relating to the
			 program.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › Allodial Title Trust Account › Section 361.956 - Efficient and secure maintenance; limitation on use of money for investment and administrative expenses

Current through June 11,
			 2024
1. The State
			 Treasurer will ensure that the Allodial Title Trust Account is efficiently and
			 securely maintained.
2. Not more
			 than 2 percent of the money in the Allodial Title Trust Account will be used by
			 the State Treasurer to cover investment and administrative expenses, which will
			 be deducted annually.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.920
Nevada Administrative Code › Chapter 361 - Property Tax › ALLODIAL TITLE › Allodial Title Trust Account › Section 361.958 - Recommended consultation with tax professional concerning income tax liability and deductions relating to Account

Current through June
			 11, 2024
The State Treasurer recommends that an
			 allodial titleholder consult with a tax professional concerning:
1. The income tax liability of the
			 titleholder with regard to the income and interest earned on the money in the
			 Allodial Title Trust Account attributable to the money paid into the Allodial
			 Title Trust Account by the titleholder; and
2. Whether and to what extent the property
			 taxes paid by the State Treasurer from the Allodial Title Trust Account with
			 respect to the property of the titleholder are deductible by the titleholder.
Added to NAC by St. Treasurer by
			 R088-01, eff. 10-22-2001
NRS
			 361.920
Nevada Administrative Code › Chapter 361A - Taxes on Agricultural Real Property and Open Space › GENERAL PROVISIONS › Section 361A.010 - Definitions

Current through June 11, 2024
As used in this chapter, unless the context otherwise requires, the words and terms defined in NAC 361A.010 to 361A.065, inclusive, have the meanings ascribed to them in those sections.
Added to NAC by Tax Comm'n by R030-03, eff. 12-4-2003
NRS 360.090, 360.250
Nevada Administrative Code › Chapter 361A - Taxes on Agricultural Real Property and Open Space › GENERAL PROVISIONS › Section 361A.015 - "Animal unit" defined

Current through June 11, 2024
"Animal unit" has the meaning ascribed to it in paragraph (b) of subsection 1 of NRS 361.325.
Added to NAC by Tax Comm'n by R030-03, eff. 12-4-2003
NRS 360.090, 360.250
Nevada Administrative Code › Chapter 361A - Taxes on Agricultural Real Property and Open Space › GENERAL PROVISIONS › Section 361A.020 - "Animal unit month" defined

Current through June 11, 2024
"Animal unit month" has the meaning ascribed to it in paragraph (b) of subsection 1 of NRS 361.325.
Added to NAC by Tax Comm'n by R030-03, eff. 12-4-2003
NRS 360.090, 360.250
Nevada Administrative Code › Chapter 361A - Taxes on Agricultural Real Property and Open Space › GENERAL PROVISIONS › Section 361A.025 - "Assessing authority" defined

Current through June 11, 2024
"Assessing authority" means:
1. The county assessor if the property to be considered is 20 acres or more; or
2. The Department if the property to be considered is less than 20 acres.
Added to NAC by Tax Comm'n by R030-03, eff. 12-4-2003
NRS 360.090, 360.250
Nevada Administrative Code › Chapter 361A - Taxes on Agricultural Real Property and Open Space › GENERAL PROVISIONS › Section 361A.030 - "Business venture for profit" defined

Current through June 11, 2024
"Business venture for profit" means an agricultural pursuit engaged in by an operator for a reasonable profit or at least upon the expectation of a reasonable profit consistent with the productive capability of the land unit.
Added to NAC by Tax Comm'n by R030-03, eff. 12-4-2003
NRS 360.090, 360.250
Nevada Administrative Code › Chapter 361A - Taxes on Agricultural Real Property and Open Space › GENERAL PROVISIONS › Section 361A.040 - "Converted to a higher use" defined

Current through June 11, 2024
"Converted to a higher use" has the meaning ascribed to it in NRS 361A.031.
Added to NAC by Tax Comm'n by R030-03, eff. 12-4-2003
NRS 360.090, 360.250
Nevada Administrative Code › Chapter 361A - Taxes on Agricultural Real Property and Open Space › GENERAL PROVISIONS › Section 361A.045 - "Crop" defined

Current through June 11, 2024
"Crop" means any agricultural product, including, without limitation, alfalfa, barley, certified seed, Christmas trees, garlic, grass hay, nursery stock, oats, onions, pasturage, sod and wheat, that is grown in soil or any other medium.
Added to NAC by Tax Comm'n by R030-03, eff. 12-4-2003
NRS 360.090, 360.250
Nevada Administrative Code › Chapter 361A - Taxes on Agricultural Real Property and Open Space › GENERAL PROVISIONS › Section 361A.055 - "Livestock" defined

Current through June 11, 2024
"Livestock" means domestic animals, including, without limitation, cattle, sheep, goats, swine, poultry, fish and equine animals, used for food, fiber, breeding, draft or profit.
Added to NAC by Tax Comm'n by R030-03, eff. 12-4-2003
NRS 360.090, 360.250
Nevada Administrative Code › Chapter 361A - Taxes on Agricultural Real Property and Open Space › GENERAL PROVISIONS › Section 361A.060 - "Operator" defined

Current through June 11, 2024
"Operator" means a person who engages in an agricultural pursuit as a business venture for profit. The operator may be either the owner or occupant of the agricultural real property.
Added to NAC by Tax Comm'n by R030-03, eff. 12-4-2003
NRS 360.090, 360.250
Nevada Administrative Code › Chapter 361A - Taxes on Agricultural Real Property and Open Space › GENERAL PROVISIONS › Section 361A.065 - "Poultry" defined

Current through June 11, 2024
"Poultry" means domestic and game birds produced for meat, eggs or other poultry products, including, without limitation, chickens, turkeys, ducks, geese, peafowl, ostriches, pheasants, quail and chukar.
Added to NAC by Tax Comm'n by R030-03, eff. 12-4-2003
NRS 360.090, 360.250
Nevada Administrative Code › Chapter 361A - Taxes on Agricultural Real Property and Open Space › AGRICULTURAL PROPERTY › Assessment › Section 361A.110 - Application: Date; form

Current through June 11, 2024
An owner of property who wishes to qualify the property for the agricultural use assessment pursuant to NRS 361A.110 must apply to the assessing authority on or before the date required by NRS 361A.110. The application must be on a form approved by the Commission.
Added to NAC by Tax Comm'n by R030-03, eff. 12-4-2003
NRS 360.090, 360.250, 361A.110
Nevada Administrative Code › Chapter 361A - Taxes on Agricultural Real Property and Open Space › AGRICULTURAL PROPERTY › Assessment › Section 361A.120 - Application: Contents

Current through June 11, 2024
1. An application for agricultural use assessment filed pursuant to NRS 361A.110 must contain:
(a) The names, addresses and telephone numbers of the owner or his representative and, if applicable, the lessee;
(b) A description of the uses to which the land is put, including residential use and other higher uses if applicable;
(c) A description of the type of agricultural operation;
(d) The size of the land devoted to agricultural use;
(e) A description of any noncontiguous parcels which may qualify for agricultural use;
(f) The number of years which the land has been devoted exclusively to agricultural use;
(g) The gross income received from agricultural pursuits during the immediately preceding calendar year; and
(h) Expenses and net income attributable to the agricultural pursuit.
Nevada Administrative Code › Chapter 361A - Taxes on Agricultural Real Property and Open Space › AGRICULTURAL PROPERTY › Assessment › Section 361A.130 - Application: Additional documentation

Current through June 11, 2024
Additional documentation may be requested by the assessing authority relating to a determination of agricultural pursuit or conducting a business venture for profit, including, without limitation, leases, receipts or rent paid, account balance sheets, profit and loss statements, audited financial statements and federal income tax returns. Such additional documentation must accompany the application but does not need to be recorded.
Added to NAC by Tax Comm'n by R030-03, eff. 12-4-2003
NRS 360.090, 360.250, 361A.110, 361A.120