Nev. Admin. Code § 361.1232 — 361.1232

NAC 361.1232    Contaminated property: Burden of proof; documentation required. ( NRS 360.090 , 360.250 ,
361.227 )
1.  The burden of proving that property has
been contaminated and documenting the proof of contamination to support a possible
reduction of the assessed value of the property lies with the owner of the
property.
2.  To verify the release of a hazardous
substance on land or the permeation or incorporation into the construction of
an improvement by a hazardous substance, the owner of the property must:
(a) Submit reliable, objective information, such as
an engineering study, environmental audit, laboratory report or historical
record, which proves to the satisfaction of the assessor that a hazardous
substance has been released on the land or has permeated or been incorporated
into the construction of an improvement;
(b) Show that the release, permeation or
incorporation was reported to an appropriate governmental agency such as the
National Response Center or the State Department of Conservation and Natural
Resources; and
(c) Provide sufficient data to the assessor to
indicate the status of a proposed or ongoing cleanup plan.
3.  To document the proof of contamination to
support a possible reduction of the assessed value of the property, the owner
of the property must submit to the assessor:
(a) A list of available comparable sales of
similarly contaminated property, if any;
(b) Any pertinent information concerning the
cleanup of the hazardous substance; and
(c) Where there is an existing business operating
on the contaminated site, records of income and expense necessary to allow the
assessor to estimate the value of the real property, as if uncontaminated, by
the income approach.
(Added to NAC by Tax Comm’n, eff. 7-16-92)