Nevada Administrative Code

NAC 361.803 “Parcel share of base value” defined. (NRS 361.4733) “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…

NAC 361.805 “Property” defined. (NRS 361.4733) “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)

NAC 361.807 “Redevelopment area” defined. (NRS 361.4733) “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 …

NAC 361.809 “Tax increment area” defined. (NRS 361.4733) “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 Financ…

NAC 361.811 “Taxing entity” defined. (NRS 361.4733) “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)

NAC 361.813 Calculations: General requirements. (NRS 361.4733) 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…

NAC 361.815 Distribution of ad valorem taxes collected on property for which parcel effective incremental value is zero. (NRS 361.4733) 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 di…

NAC 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. (NRS 361.4733) 1. Except as otherwise provided in subsection 2 of NRS 279.676 and NAC 361.821, the ad valorem ta…

NAC 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. (NRS 361.4733) 1. Except as otherwise provided in subsection 2, NAC 361.821 and subsections 4 and 5 of NRS 278C.…

NAC 361.821 Application of certain provisions: Limitations. (NRS 361.4733) 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…

NAC 361.851 Claim: Filing; form; contents; accompanying documentation. (NRS 361.7374, 361.738) 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 coun…

NAC 361.853 Claim: Action by county treasurer. (NRS 361.7374, 361.7382) 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 ma…

NAC 361.855 Determination of eligible amount of income. (NRS 361.7374, 361.7382) 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, …

NAC 361.857 Approval of claim for taxes accrued against mobile or manufactured home. (NRS 361.7374) 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…

NAC 361.859 Approval of claim for taxes accrued against single-family residence owned by trust. (NRS 361.7374) 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 claima…

NAC 361.861 Determination of amount for and period of postponement. (NRS 361.7374, 361.7382) 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 …

NAC 361.863 Certificate of eligibility: Form; exclusion of certain information. (NRS 361.7374, 361.7386) 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 …

NAC 361.865 Certificate of eligibility: Effects of recordation and filing. (NRS 361.7374, 361.7386) 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)…

NAC 361.867 Statement of amount postponed: Contents. (NRS 361.7374, 361.7392) 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 incl…

NAC 361.869 Application of payments made before amounts become due. (NRS 361.7374, 361.7394) 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…

NAC 361.871 Fraudulent claims. (NRS 361.7374) 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 t…

NAC 361.900 Definitions. (NRS 361.920) 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 R0…

NAC 361.902 “Certificate” defined. (NRS 361.920) “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)

NAC 361.904 “Installment agreement” defined. (NRS 361.920) “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 al…

NAC 361.906 “Owns” defined. (NRS 361.920) “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)

NAC 361.908 “Program” defined. (NRS 361.920) “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)

NAC 361.910 “Property tax” defined. (NRS 361.920) “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 proce…

NAC 361.912 “Single-family dwelling” defined. (NRS 361.920) “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…

NAC 361.914 “Titleholder” defined. (NRS 361.920) “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 publi…

NAC 361.920 Purpose; requirements for participation. (NRS 361.920) 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 i…

NAC 361.926 Denial of application for failure to provide requested information. (NRS 361.900, 361.920) 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…

NAC 361.928 Consequences of fraudulent misrepresentation or omission of information relating to application or installment agreement. (NRS 361.900, 361.920) 1. If the State Treasurer determines that a titleholder has fraudulently misrepresented or omitted any information relating…

NAC 361.930 Cost: Determination; actuarial calculations; credit for certain property tax payments. (NRS 361.900, 361.920) 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 …

NAC 361.932 Cost: Payment options. (NRS 361.900, 361.920) 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)

NAC 361.934 Payment in lump sum. (NRS 361.900, 361.920) 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 Treas…

NAC 361.936 Payment in annual installments: Installment agreement. (NRS 361.900, 361.920) 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 prov…

NAC 361.938 Payment in annual installments: Remittance of payments; default. (NRS 361.900, 361.920) 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 t…

NAC 361.940 Notification of State Treasurer by holder of certificate if certain changes relating to property occur. (NRS 361.915, 361.920) 1. A titleholder of property for which a certificate has been issued shall notify the State Treasurer within 60 days after: (a) The titlehold…

NAC 361.942 Recalculation of cost upon addition or deletion of allodial titleholder involving transfer of interest to person other than joint tenant. (NRS 361.915, 361.920) Upon the addition or deletion of an allodial titleholder that involves a transfer of interest to a person o…

NAC 361.944 Recalculation of cost upon addition or deletion of allodial titleholder to reflect change in titleholders and taxable value. (NRS 361.915, 361.920) 1. The addition or deletion of an allodial titleholder may require a recalculation by the State Treasurer of the cost of…

NAC 361.946 Relinquishment; refund. (NRS 361.915, 361.920) 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 requ…

NAC 361.948 Transference to heir. (NRS 361.910, 361.920) 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 in…

NAC 361.950 Provision by State Treasurer to designee. (NRS 361.920) 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 acc…

NAC 361.956 Efficient and secure maintenance; limitation on use of money for investment and administrative expenses. (NRS 361.920) 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 mo…

NAC 361.958 Recommended consultation with tax professional concerning income tax liability and deductions relating to Account. (NRS 361.920) The State Treasurer recommends that an allodial titleholder consult with a tax professional concerning: 1. The income tax liability of the …

NAC 361A.010 Definitions. (NRS 360.090, 360.250) 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. …

NAC 361A.015 “Animal unit” defined. (NRS 360.090, 360.250) “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)