NRS 361.484 - Abatement of taxes on real or personal property acquired by Federal Government, State or political subdivision.

NV Rev Stat § 361.484 (2019) (N/A)

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1. As used in this section, “acquired” means acquired:

(a) Pursuant to a purchase order or other sales agreement or by condemnation proceedings pursuant to chapter 37 of NRS, if the property acquired is personal property.

(b) By purchase and deed or by condemnation proceedings pursuant to chapter 37 of NRS, if the property acquired is real property.

2. Taxes levied on real or personal property which is acquired by the Federal Government or the State or any of its political subdivisions must be abated ratably for the portion of the fiscal year in which the property is owned by the Federal Government or the State or its political subdivision.

3. For the purposes of abatement, the Federal Government or the State or its political subdivision shall be deemed to own:

(a) Personal property acquired by purchase commencing on the date of sale indicated on the purchase order or other sales agreement.

(b) Personal property acquired by condemnation from the date of judgment pursuant to NRS 37.160.

(d) Real property acquired by condemnation from the date of judgment pursuant to NRS 37.160 or the date of occupancy of the property pursuant to NRS 37.100, whichever occurs earlier.

(Added to NRS by 1963, 643; A 1967, 930; 1977, 239; 1989, 1821; 1991, 2098; 2003, 2770)

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NRS 361.4835 - Waiver of all or part of interest and penalty for late payment of taxes.

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NRS 361.485 - Duties of tax receiver when taxes paid; certain overpayments not refunded; certain deficiencies not collected.