Nev. Admin. Code § 361.944 — 361.944

NAC 361.944    Recalculation of cost upon addition or deletion of allodial
titleholder to reflect change in titleholders and taxable value. ( NRS 361.915 , 361.920 )
1.  The addition or deletion of an allodial
titleholder may require a recalculation by the State Treasurer of the cost of
the certificate to reflect the actuarial assumptions of the life expectancy of
the allodial titleholders and the taxable value of the specific property.
2.  Upon receipt of an application to add or
delete an allodial titleholder, the county treasurer shall notify the State
Treasurer, who will recalculate the actuarial assumptions based on the change
in titleholders and change in taxable value.
3.  The State Treasurer will determine if any
additional amount needs to be paid for the cost of the certificate for that
property and notify the titleholders and the county treasurer.
4.  A recalculation may not be needed if a
deletion occurs solely through the death of a titleholder without transfer of
the decedent’s interest to another person, including, without limitation, the
death of a joint tenant with survivorship rights.
(Added to NAC by St. Treasurer by R088-01, eff. 10-22-2001)