Nev. Admin. Code § 375.180 — 375.180

NAC 375.180    Declaration of value; claim for refund of overpayment; date for
submission of claim. ( NRS 360.090 , 375.015 , 375.060 , 375.290 )
1.  Except as otherwise provided in
subsection 3, if a deed evidencing a transfer of title of real property is offered
for recording to a county recorder, the county recorder shall require a
declaration of value to be made, on a form prescribed by the Nevada Tax
Commission, and personally signed under penalty of perjury by the grantee, the
grantor or the agent of the grantee or grantor. The declaration of value:
(a) Must contain, without limitation:
(1) The name and mailing address of the
grantor, the grantee and the business or natural person requesting the
recording if the grantor or grantee does not request the recording;
(2) A description of the use of the property;
(3) The full amount paid or to be paid for the
property; and
(4) Information concerning the possible
penalties and interest that may be imposed pursuant to NRS 375.030 .
(b) May contain information regarding a claim for
an exemption from the tax, including, without limitation:
(1) The type of exemption claimed;
(2) A statement explaining the reason for the
claim;
(3) A statement indicating whether or not the
exemption is being applied to a partial interest in the property; and
(4) The sales price of the property, if that
information is available.
2.  The county recorder shall not accept an
incomplete form except:
(a) If the transfer of title of real property is
exempt from a tax imposed by chapter 375
of NRS, no value for the property need be declared on the form.
(b) If multiple parcels of real property are being
transferred, at least one parcel must be listed on the form. If additional
space is needed to list all the parcels of real property being transferred, the
words “see attached” must be written next to the listed parcel number and an
attachment that lists the number of each parcel being transferred must accompany
the form.
3.  If the value of the property is stated
incorrectly on the declaration of value or the amount of tax is computed
incorrectly, the person who pays an amount of tax which exceeds the amount due
may make a claim for a refund of the amount of tax which he overpaid by
completing a refund request form, which may be obtained from the office of the
county recorder of the county in which the tax is paid. The form must be signed
under penalty of perjury by the person entitled to the refund or his legal
representative and submitted to the county recorder of the county in which the
tax is paid. If the claim is unaudited, the claim must be submitted within 6
months after the date of recording pursuant to NRS 244.250 . If the claim for a
refund is submitted pursuant to an audit, the claim may be submitted within 3
years after the date of recording.
[Tax Comm’n, Real Property Transfer Tax Ruling part No.
5, eff. 12-20-79]—(NAC A by Dep’t of Taxation, 8-2-90; A by Tax Comm’n by R181-01,
5-13-2002; A by Dep’t of Taxation by R224-03, 4-30-2004)