Nev. Admin. Code § 361.6123 — 361.6123

NAC 361.6123    “Revised tax base” defined. ( NRS
361.4732 , 361.4733 )    “Revised tax base” means
the amount of ad valorem taxes which, after a parcel or other taxable unit of
real property is annexed to a taxing entity, would have been levied on the
property for the immediately preceding fiscal year if the annexation had
occurred 1 year earlier, based upon the tax rates that would have applied to
the property for the immediately preceding fiscal year if the annexation had
occurred 1 year earlier and without regard to any exemptions from taxation that
applied to the property for the immediately preceding fiscal year but do not
apply to the property for the current fiscal year.
(Added to NAC by Com. on Local Gov’t Finance by R043-09,
6-30-2010, eff. 7-1-2010)