Nev. Admin. Code § 361.920 — 361.920

NAC 361.920    Purpose; requirements for participation. ( NRS 361.920 )
1.  The program for allodial title allows
qualified titleholders to pay their property taxes for a period equal to the
life expectancy of the youngest titleholder of the property on which a
single-family dwelling is located. A titleholder:
(a) Must occupy the single-family dwelling as his
or her primary residence; and
(b) Is ineligible to hold allodial title on more
than one single-family dwelling at the same time.
2.  The program will provide for the payment
of property taxes for holders of certificates of allodial title. The State
Treasurer, on behalf of the titleholders of a specific parcel of property, will
make payment of future property taxes for that property once the titleholders
have been issued a certificate and so long as the titleholders are qualified
for allodial title.
3.  The program will not provide for the
payment of any special assessment, service charge or fee that is included on a
property tax bill.
4.  The program applies and is restricted to
the surface rights of residential property, and does not include the mineral
rights of property. The program is intended to protect families from losing
family homes, not mining businesses, because of tax liens.
5.  The State Treasurer will avoid, to the
extent possible, the unequal collection of property taxes by properly
determining the cost of a certificate.
(Added to NAC by St. Treasurer by R088-01, eff. 10-22-2001)
Certificate