Nevada Administrative Code
Chapter 360 - Revenue and Taxation: Generally
AUDITS
Performance Audits of Certain County Officers
Section 360.728 - Periodic conduct of audits by Department; qualifications of employees conducting audits
Universal Citation: NV Admin Code 360.728
Current through September 16, 2024
1. The Department shall periodically conduct performance audits of selected books, accounts and other records of responsible county officers in each county to determine any one or combination of the following:
(a)
Whether the appraisals of the county assessor comply with all applicable laws
and regulations governing the assessment of property taxes.
(b) Whether any county procedures relating to
the preparation of the assessment roll or the collection of property taxes,
including, without limitation, any procedures for the assessment of property,
claiming or determining tax exemptions, billing for taxes, enforcing the
payment of taxes, the redemption or sale of property, or the apportionment of
tax proceeds, comply with all applicable laws and regulations governing such
procedures.
(c) The honesty and
integrity of fiscal affairs, the accuracy and reliability of information and
reports, and the effectiveness of the system of management controls of the
auditee relating to the preparation of the assessment roll and the collection
of property taxes.
(d) Whether
control by management and the system of information provide an adequate system
of records and accounting relating to the preparation of the assessment roll
and the collection of property taxes.
2. Each employee of the Department who conducts a performance audit to determine whether the appraisals of a county assessor comply with all applicable laws and regulations governing the assessment of property taxes must be knowledgeable about the principles and concepts of the appraisal of property.
Added to NAC by Tax Comm'n by R039-10, eff. 8-13-2010
NRS 360.090, 360.250
Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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