Nev. Rev. Stat. § 361.325 — Nevada Tax Commission to establish valuations of mobile homes and land; property escaping taxation to be placed on assessment roll

NRS  361.325    Nevada Tax Commission to establish valuations of mobile homes
and land; property escaping taxation to be placed on assessment roll.
1.  On or before the first Monday in June
of each year, the Nevada Tax Commission shall:
(a) Fix and establish the valuation for
assessment purposes of all mobile homes in the State.
(b) Classify land and fix and establish the
valuation thereof for assessment purposes. The classification of agricultural
land must be made on the basis of crop, timber or forage production, either in
tons of crops per acre, board feet or other unit, or animal unit months of
forage. An animal unit month is the amount of forage which is necessary for the
complete sustenance of one animal unit for 1 month. One animal unit is defined
as one cow and calf, or its equivalent, and the amount of forage necessary to
sustain one animal unit for 1 month is defined as 900 pounds of dry weight
forage.
2.  The valuation of mobile homes and land
so fixed and established is for the next succeeding year and is subject to
equalization by the State Board of Equalization.
3.  In establishing the value of new mobile
homes sold on or after July 1, 1982, the Nevada Tax Commission shall classify
them according to those factors which most closely determine their useful
lives. In establishing the value of other mobile homes, the Commission shall
begin with the retail selling price and depreciate it by 5 percent per year,
but not below 20 percent of its original amount.
4.  The Nevada Tax Commission shall cause
to be placed on the assessment roll of any county property found to be escaping
taxation coming to its knowledge after the adjournment of the State Board of
Equalization. This property must be placed upon the assessment roll prior to
the delivery thereof to the ex officio tax receiver. If such property cannot be
placed upon the assessment roll of the proper county within the proper time, it
must be placed upon the tax roll for the next ensuing year, in addition to the
assessment for the current year, if any, and taxes thereon must be collected
for the prior year in the same amount as though collected upon the prior year’s
assessment roll.
5.  The Nevada Tax Commission shall not
raise or lower any valuations established by the State Board of Equalization
unless, by the addition to any assessment roll of property found to be escaping
taxation, it is necessary to do so.
6.  Nothing in this section provides an
appeal from the acts of the State Board of Equalization to the Nevada Tax
Commission.