Nev. Admin. Code § 361.130 — 361.130

NAC 361.130    Mobile or manufactured home. ( NRS
360.090 , 360.250 , 361.227 ,
361.2445 ,
361.325 )
1.  The taxable value of a mobile home or
manufactured home which constitutes real property is the cost of replacement of
the mobile home or manufactured home less depreciation and obsolescence.
2.  In determining the taxable value of a
mobile home or manufactured home which constitutes personal property, each
county assessor shall, if the mobile home or manufactured home was sold as new:
(a) Before July 1, 1982, value it at its retail
selling price when sold to the original owner less depreciation at 5 percent
per year, to a maximum depreciated value of 20 percent of its original retail
selling price.
(b) On or after July 1, 1982, value it at
replacement cost, when new, less depreciation. Replacement cost when new is the
retail selling price to the original owner adjusted by factors reflected in the
annual Personal Property Manual .
Ê Depreciation
must be calculated pursuant to the schedule located in the annual Personal
Property Manual . Additional depreciation and obsolescence may be calculated
separately.
3.  The retail selling price of a mobile home
or manufactured home includes all charges for transportation, installation,
accessories, profit and overhead.
4.  If the owner of a mobile home or
manufactured home which has been converted to real property wishes to convert
the mobile home or manufactured home back to personal property, the county
assessor shall provide the owner with a form for an affidavit of conversion
which has been approved by the Commission and which must be recorded in the
county recorder’s office pursuant to NRS
361.2445 before the mobile home or manufactured home may be removed from
the tax rolls. The affidavit of conversion may include information concerning
the cost of acquisition of the mobile home or manufactured home. All signatures
required pursuant to NRS 361.2445
to effectuate the conversion must be notarized.
5.  The county assessor shall value the
mobile home or manufactured home as personal property upon satisfaction of all
the requirements set forth in NRS
361.2445 if the mobile home or manufactured home remains within the jurisdiction
of the county assessor.
6.  If a mobile home or manufactured home
which has been converted to real property is completely destroyed and removed
from real property, the county assessor shall remove the mobile home or
manufactured home from the tax roll.
[Tax Comm’n, Property Tax Reg. part No. 2, eff. 1-14-82]—(NAC
A 10-10-83; 6-29-84; 5-16-86; R031-03, 8-4-2004; R166-07, 6-17-2008)