Nev. Admin. Code § 361.61034 — 361.61034

NAC 361.61034    New parcels for development: Evaluation; determination of change
in use; effect of determination. ( NRS
360.090 , 361.4722 )
1.  Each new parcel for development must be
separately evaluated to determine whether there has been any change in the use
of the property that comprises the parcel.
2.  A determination that there is a change in
the use of the property must be based on a finding that:
(a) The property was being used as vacant land as
of the commencement of the prior year and:
(1) As the result of the recording of a
subdivision map creating individual lots for residential development, the
property is held for residential use as of the commencement of the current
year;
(2) As the result of the recording of a
subdivision map creating a new commercial or industrial subdivision or the
creation of new parcels within such a subdivision, the property is held for
commercial or industrial use as of the commencement of the current year; or
(3) As the result of new construction on the
parcel sufficient to allow for an identification of the use of the property,
the property is in agricultural use, open-space use, residential use, commercial
or industrial use, institutional use or recreational use as of the commencement
of the current year; or
(b) The use of the property as of the commencement
of the current year for agricultural use, open-space use, residential use,
commercial or industrial use, institutional use or recreational use is
different from the use of the property as of the commencement of the prior
year.
3.  For the purpose of determining whether
there has been a change in the use of the property that comprises a new parcel
for development that was created from an existing parcel that had more than one
use in the prior year, the use of the portion of the existing parcel from which
the new parcel for development was created must be determined to be the use of
the property that comprises the new parcel for development in the current year.
4.  If the use of the property:
(a) Has not changed, the parcel is a remainder
parcel.
(b) Has changed, the parcel is a new parcel for
development which is not eligible for the partial abatement of taxes provided
by subsection 2 of NRS 361.4722 .
5.  The provisions of this section apply to
the determination of whether a new parcel or other taxable unit of property is
a remainder parcel for the tax year beginning on July 1, 2015, and each
subsequent tax year.
6.  As used in this section, “use of the
property” means the principal use of the property for one of the following
purposes:
(a) Agricultural use;
(b) Open-space use;
(c) Residential use;
(d) Commercial or industrial use;
(e) Institutional use;
(f) Recreational use; or
(g) Use as vacant land.
(Added to NAC by Tax Comm’n by R001-07, eff. 3-23-2007;
A by R021-17, 1-30-2019)