Nev. Admin. Code § 361.1336 — 361.1336

NAC 361.1336    Allocation of taxable value of common elements to community
units. ( NRS
360.090 , 360.250 , 361.233 )
1.  Except as otherwise provided in
subsection 3 of NAC 361.1334 , a county
assessor shall include in the valuation of each community unit of a common
interest community an amount calculated by multiplying the taxable value of all
the common elements of the common-interest community by a fraction, the
numerator of which is 1 and the denominator of which is:
(a) Except as otherwise provided in paragraph (b),
the total number of community units in the common-interest community; or
(b) If the common-interest community is still under
development, the total number of community units planned to be constructed in
the common-interest community,
Ê regardless of
whether each community unit has yet been identified by a separate assessor’s
parcel number.
2.  If a county assessor is unable to
determine from public records the information necessary to carry out the
provisions of subsection 1, the county assessor shall submit to the owners of
the common elements of the common-interest community a written request for such
information as the county assessor determines to be necessary to carry out
those provisions. Such information may include, without limitation:
(a) The total number of community units constructed
or planned to be constructed in the common-interest community;
(b) The assessor’s parcel number or other
identifying information for each community unit in the common-interest
community; and
(c) The assessor’s parcel number or other
identifying information for each portion of the common elements of the
common-interest community.
3.  If the owners of the common elements of a
common-interest community fail to provide the information requested pursuant to
subsection 2 within 60 days after receiving that request, the county assessor
shall allocate the taxable value of the common elements of the common-interest
community to the community units of the common-interest community based on any
information available to the county assessor.
4.  The Department shall provide a standard
form for requesting and providing information pursuant to this section.
(Added to NAC by Tax Comm’n by R183-07, eff. 8-26-2008)
Determination of Taxable Value of Personal Property