Nev. Admin. Code § 361.665 — 361.665

NAC 361.665    Hearing on preliminary finding: Order of State Board; additional
hearing following order for reappraisal. ( NRS
361.375 , 361.395 )
1.  Upon the completion of a hearing
scheduled pursuant to NAC 361.664 , the
State Board will issue:
(a) An order stating that the State Board will take
no action on the matter and specifying the reasons that no action will be
taken;
(b) An order referring the matter to the Commission
for the Commission to take such action within its jurisdiction as the
Commission deems to be appropriate;
(c) An order requiring the reappraisal by the
county assessor of a class or group of properties in a county; or
(d) Except as otherwise provided in this paragraph,
if a ratio study or other statistical analysis performed pursuant to NRS 361.333 or NAC 361.662 indicates with a confidence
level of at least 95 percent that the median assessment ratio for any class or
group of properties is less than 32 percent or more than 36 percent, an order
increasing or decreasing the assessed valuation of that class or group of
properties by such a factor as the State Board deems to be appropriate to cause
the median assessment ratio to be not less than 32 percent and not more than 36
percent. The State Board will not issue such an order if the application of the
factor would cause the coefficient of dispersion calculated for the class or
group of properties to fail to meet the recommendations set forth in the Standard
on Ratio Studies adopted by reference in NAC
361.658 .
2.  If the State Board orders the reappraisal
of a class or group of properties pursuant to this section, the State Board
will:
(a) Schedule an additional hearing to determine
whether to issue an order:
(1) Stating that the State Board will take no
further action on the matter and specifying the reasons that no further action
will be taken;
(2) Referring the matter to the Commission for
the Commission to take such action within its jurisdiction as the Commission
deems to be appropriate; or
(3) Increasing or decreasing the taxable
valuation of the class or group of properties in accordance with the
reappraisal or in such other manner as the State Board deems appropriate to
equalize property valuations.
(b) Require the Department to send by registered or
certified mail, not less than 10 business days before the date of the
additional hearing, notice of the date, time and location of the hearing to the
county clerk, county assessor, district attorney and chair of the county board
of the county in which the property is located. A legal representative of the
county may waive the receipt of such notice.
(c) Require the Secretary to notify the Commission
and the board of county commissioners of the county in which the property is
located, of the date, time and location of the hearing.
3.  Each order issued pursuant to this
section must include a statement of any pertinent findings of fact made by the
State Board. If the State Board issues an order pursuant to this section:
(a) Requiring the reappraisal of a class or group
of properties, the order must specify:
(1) The class or group of properties affected;
(2) The purpose and objectives of the
reappraisal; and
(3) The procedures required for the
reappraisal, including the particular methods of appraisal prescribed by the
regulations of the Commission.
(b) Increasing or decreasing the valuation of any
class or group of properties, the order must specify:
(1) The class or group of properties affected;
and
(2) The amount of or the formula to be used to
calculate the amount of that increase or decrease.
4.  Upon the issuance of any order pursuant
to this section:
(a) The Department shall send a copy of the order:
(1) By certified mail to the county assessor
of each affected county; and
(2) By regular mail to the county clerk and
chair of the county board of each affected county; and
(b) The Secretary shall provide:
(1) A copy of the order to the Commission; and
(2) Any certification and notice required to
carry out the provisions of NRS
361.405 .
5.  As used in this section, “assessment
ratio” means the ratio of assessed value to taxable value.
(Added to NAC by St. Bd. of Equalization by R153-09, 4-20-2010,
eff. 10-1-2010)