Nev. Admin. Code § 361.936 — 361.936

NAC 361.936    Payment in annual installments: Installment agreement. ( NRS 361.900 , 361.920 )    If a
titleholder chooses to pay in annual installments:
1.  The titleholder must enter into an
installment agreement with the State of Nevada.
2.  The installment agreement must contain a
provision that the State Treasurer will adjust the final installment payment to
reflect any increase or decrease in the assessed valuation of the property
since the date of the application in accordance with subsection 8 of NRS 361.900 .
3.  The State Treasurer may:
(a) Calculate varying annual installments so that
the final installment payment will not be extraordinarily high.
(b) Estimate a projected rate of change in the
assessed valuation of the property so that each annual installment will include
a portion of the change and the final installment will not include the entire
amount of the change.
4.  During the period of the installment
agreement, the titleholder remains liable for payment of his or her property
taxes until the final payment pursuant to the installment agreement has been
paid and the titleholder has been issued a certificate.
5.  The titleholder may prepay the annual
installments without penalty.
(Added to NAC by St. Treasurer by R088-01, eff. 10-22-2001)