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
Universal Citation: NV Admin Code 361.813
Current through December 31, 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.
2. For the purposes of NAC 361.785 to 361.821, inclusive, the entity-adjusted parcel tax rate applicable to a parcel or other taxable unit of property must be calculated 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
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