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
Universal Citation: NV Admin Code 361.797
Current through December 31, 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
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