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NRS 279.678 - Assessment and taxation of leased redeveloped property; provision in lease for lessee to pay taxes.

NV Rev Stat § 279.678 (2019) (N/A)
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Whenever property in any redevelopment project has been redeveloped and thereafter is leased by the redevelopment agency to any person or persons or whenever the agency leases real property in any redevelopment project to any person or persons for redevelopment, the property shall be assessed and taxed in the same manner as privately owned property, and the lease or contract shall provide that the lessee shall pay taxes upon the assessed value of the entire property and not merely upon the assessed value of the lessee’s leasehold interest.

(Added to NRS by 1959, 672)

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NRS 279.676 - Allocation, division and disposition of money from taxes; limitation on revenue; repayment of bond or other indebtedness; recalculation of total assessed value of taxable property in redevelopment area in county whose population is 700,000 or more; set aside of revenue for public educational activities, programs and facilities.
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NRS 279.680 - Pledging portion of taxes for payment of principal and interest on loans, advances or indebtedness.