Nevada Administrative Code
Chapter 362 - Taxes on Patented Mines and Proceeds of Minerals
PATENTED MINES
Section 362.410 - Assessment; removal from secured roll for miscellaneous property
Universal Citation: NV Admin Code 362.410
Current through February 27, 2024
1. A patented mine which is used for a purpose related to mining or agriculture must be assessed:
(a) At 35 percent of the taxable value of a
site of comparable size and similar terrain and location which is used for
purposes other than mining; or
(b)
At $500,
whichever is greater.
2. Any portion of a patented mine which is used for a purpose unrelated to mining or agriculture and taxed as other property is taxed must be removed from the secured roll of miscellaneous property and added to the secured roll of real property.
Added to NAC by Tax Comm'n, eff. 1-8-86; A 6-23-86
NRS 360.090, 362.030, 362.095
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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