Nevada Administrative Code — Title 32 (Revenue and Taxation)
Nev. Admin. Code § 361.934 — 361.934
NAC 361.934 Payment in lump sum. ( NRS
361.900 , 361.920 ) If a titleholder chooses
to pay in a lump sum:
1. The titleholder shall remit payment
within 90 days after the State Treasurer provides notice of the amount of the
lump sum. If the lump sum is not received by the State Treasurer within that
period, the State Treasurer will recalculate the cost of the certificate.
2. The titleholder will have the option of
signing an agreement that the lump-sum cost may be recalculated if improvements
are made which increase the taxable value of the property at least 20 percent
over the taxable value of the property at the time the lump-sum cost was
determined. If the titleholder signs such an agreement, the State Treasurer
will reduce the lump-sum cost.
(Added to NAC by St. Treasurer by R088-01, eff. 10-22-2001)
Source: official text