1. Any property sold for an assessment, or any installment thereof, is subject to redemption by the property owner, or grantee, mortgagee, heir or other representative of the property owner:

(a) If there was a permanent residential dwelling unit or any other significant permanent improvement on the property at the time the sale was held pursuant to NRS 271.555, as determined by the governing body, at any time within 2 years; or

(b) In all other cases, at any time within 120 days,

after the date of the certificate of sale, upon payment to the municipal treasurer of the amount for which the property was sold, with interest thereon at a rate of not exceeding 1 percent per month, together with all taxes and special assessments, or installments thereof, interest, penalties, costs and other charges, thereon paid by the purchaser since the sale, with like interest thereon. Unless written notice of taxes and assessments subsequently paid, and the amount thereof, is deposited with the treasurer, redemption may be made without their inclusion.

2. On any redemption being made, the treasurer shall give to the redemptioner a certificate of redemption, and pay over the amount received to the purchaser of the certificate of sale or the purchaser’s assigns.

3. If no redemption is made within the period of redemption as determined pursuant to subsection 1, the treasurer shall, on demand of the purchaser or the purchaser’s assigns, and the surrender to the treasurer of the certificate of sale, execute to the purchaser or the purchaser’s assigns a deed to the property. No deed may be executed or demanded until the holder of the certificate of sale has notified the owners of the property that he or she holds the certificate, and will demand a deed therefor. No such notice may be given until after the end of the redemption period specified in subsection 1. The notice must be given by personal service upon the property owner or a representative designated by the property owner for such purpose and must be posted on the property if reasonably accessible to the public. However, if an owner is not a resident of the State or cannot be found within the State after diligent search, including, without limitation, an electronic search of the real property records of the assessor and the recorder of the county in which the property is located and the records of the Secretary of State relating to business and other entities, notice must be given by publication. Mailed notice must be provided to the property owner at any address attributed to him or her in any record discovered by the search if notice cannot be given by personal service. The notice and return thereof, with the affidavit of the person, or in the case of the municipality, of the clerk, claiming a deed, showing that service was made, and notice given pursuant to this section, must be filed with the treasurer.

4. If redemption is not made within 60 days after the date of service, the date of mailing or the date of the first publication of the notice, as the case may be, except as otherwise provided in subsections 6 and 7, the holder of the certificate of sale is entitled to a deed. The deed must be executed only for the property described in the certificate, and after payment of all delinquent taxes and special assessments, or installments thereof, whether levied or assessed before or after the issuance of the certificate of sale. A deed may be issued to any municipality for the face amount of the certificate of sale, plus accrued interest from the date of sale to the date of the execution of the deed at a rate of not exceeding 1 percent per month.

5. Any payment related to a redemption pursuant to this section sent to a municipality by mail shall be deemed to have been made on the date on which the municipality received the payment.

6. Except as otherwise provided in this subsection, a certificate of sale expires and is null and void 3 years after the date on which the redemption period ends pursuant to subsection 1. The time limitation for the expiration of a certificate of sale is tolled for any period during which the demand for or execution of a deed is prevented pursuant to any applicable law or by a stay of proceedings, an injunction or any other court order.

7. If the holder of a certificate of sale does not submit to the treasurer a demand for deed before the certificate of sale expires pursuant to subsection 6, no deed may be executed to the holder of the certificate.

(Added to NRS by 1969, 950; A 1989, 1043; 2005, 1837; 2019, 1301)