Nevada Administrative Code — Title 32 (Revenue and Taxation)
Nev. Admin. Code § 361.930 — 361.930
NAC 361.930 Cost: Determination; actuarial calculations; credit for certain
property tax payments. ( NRS
361.900 , 361.920 )
1. The State Treasurer will determine the
cost of a certificate in accordance with the provisions of NRS 361.900 .
2. An actuarial calculation will be used to
project the life expectancy of the titleholders of the property, the income
that will be earned on the money in the Allodial Title Trust Account, and
changes in the assessed valuation of the property, including, without
limitation, the results of inflation and changes in taxable value resulting
from the construction, remodeling or rebuilding of improvements.
3. If the titleholder has made any property
tax payments that cover a period after the effective date of the certificate,
the titleholder will be provided credit for those property tax payments against
the cost of the certificate.
(Added to NAC by St. Treasurer by R088-01, eff. 10-22-2001)
Source: official text