Nev. Admin. Code § 361.760 — 361.760

NAC 361.760    Entity-adjusted parcel tax rate: Calculation and use. ( NRS 361.4733 )
1.  For the purpose of calculating any amount
required to be deducted pursuant to subsection 4 of NRS 361.4722 , subsection 3 of NRS 361.4723 or subsection 3 of NRS 361.4724 for a fiscal year from
the amount any taxing entity would otherwise be entitled to receive from the ad
valorem taxation of a parcel or other taxable unit of property, the
entity-adjusted parcel tax rate of each taxing entity must be used to
determine:
(a) The rate of ad valorem taxes levied in the
county on that property by or on behalf of each taxing entity for that fiscal
year; and
(b) The combined rate of all ad valorem taxes
levied in the county on that property by or on behalf of all taxing entities
for that fiscal year.
2.  For the purposes of this section, the
“entity-adjusted parcel tax rate” of a taxing entity means the rate of ad
valorem taxes imposed by or on behalf of that taxing entity upon a parcel or
other taxable unit of property for a fiscal year, as calculated by:
(a) Multiplying the actual rate of ad valorem taxes
levied by or on behalf of that taxing entity for that fiscal year by the
assessed value of that property for that fiscal year;
(b) Subtracting from the amount determined pursuant
to paragraph (a) any amount deducted for that fiscal year pursuant to paragraph
(c) of subsection 1 of NAC 361.781 from
the amount that taxing entity would otherwise be entitled to receive from the
ad valorem taxation of that property; and
(c) Dividing the amount determined pursuant to
paragraph (b) by the assessed value of that property for that fiscal year to
determine that entity-adjusted parcel tax rate.
(Added to NAC by Com. on Local Gov’t Finance by R044-06,
eff. 5-4-2006; A by R023-08, 4-17-2008)—(Substituted in revision for NAC
361.611)
Property Located Outside of Redevelopment Area or Tax
Increment Area