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
Universal Citation: NV Admin Code 361.793
Current through December 31, 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
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