Nev. Admin. Code § 361.6085 — 361.6085

NAC 361.6085    Calculation of amount of abatement: Property which escaped
taxation; effect of adjustment to valuation of property to correct certain
errors. ( NRS
360.090 , 361.4722 , 361.4723 ,
361.4724 )    For the
purposes of NRS 361.4722 , 361.4723 and 361.4724 :
1.  If any property is found pursuant to NRS 361.325 , 361.767 or 361.769 to have partially or
entirely escaped taxation for a fiscal year:
(a) The property shall be deemed to be property for
which no assessed valuation was separately established for the fiscal year
immediately preceding that fiscal year; and
(b) Any general abatement, primary residential
abatement or residential rental abatement for which the property is eligible
for each fiscal year following the fiscal year for which the property escaped
taxation must be calculated as if the property had been on the tax roll for the
fiscal year for which the property escaped taxation.
2.  If the valuation of any property is
adjusted pursuant to NRS 361.765
or 361.768 to correct a clerical,
typographical, mathematical or factual error, any general abatement, primary
residential abatement or residential rental abatement for which the property is
eligible for each fiscal year following the fiscal year for which that
correction of the valuation of the property is made must be calculated and, if
necessary, adjusted in conformity with the correct valuation of the property.
(Added to NAC by Tax Comm’n by R011-06, eff. 5-4-2006)