Nev. Admin. Code § 362.410 — 362.410

NAC 362.410    Assessment; removal from secured roll for miscellaneous property.
( NRS
360.090 , 362.030 , 362.095 )
1.  A patented mine which is used for a
purpose related to mining or agriculture must be assessed:
(a) At 35 percent of the taxable value of a site of
comparable size and similar terrain and location which is used for purposes
other than mining; or
(b) At $500,
Ê whichever is
greater.
2.  Any portion of a patented mine which is
used for a purpose unrelated to mining or agriculture and taxed as other
property is taxed must be removed from the secured roll of miscellaneous
property and added to the secured roll of real property.
(Added to NAC by Tax Comm’n, eff. 1-8-86; A 6-23-86)