Nev. Rev. Stat. § 361.345 — Power of county board of equalization to change valuation of property; review of changes in valuation and estimation of certain property by county assessor; notice of addition to assessed valuation

NRS  361.345    Power of county board of equalization to change valuation of
property; review of changes in valuation and estimation of certain property by
county assessor; notice of addition to assessed valuation.
1.  Except as otherwise provided in
subsection 2, the county board of equalization may:
(a) Determine the valuation of any real or
personal property placed on:
(1) The secured tax roll which was
assessed by the county assessor; or
(2) The unsecured tax roll which was
assessed by the county assessor on or after May 1 and on or before December 15;
and
(b) Change and correct any valuation found to be
incorrect either by adding thereto or by deducting therefrom such sum as is
necessary to make it conform to the taxable value of the property assessed,
whether that valuation was fixed by the owner or the county assessor. The
county board of equalization may not reduce the assessment of the county
assessor unless it is established by a preponderance of the evidence that the
valuation established by the county assessor exceeds the full cash value of the
property or is inequitable. A change so made is effective only for the fiscal
year for which the assessment was made. The county assessor shall each year
review all such changes made for the previous fiscal year and maintain or
remove each change as circumstances warrant.
2.  If a person complaining of the assessment
of his or her property:
(a) Has refused or, without good cause, has
neglected to give the county assessor the person’s list under oath, as required
by NRS 361.265 ; or
(b) Has, without good cause, refused entry to the
assessor for the purpose of conducting the physical examination required by NRS 361.260 ,
Ê the county
assessor shall make a reasonable estimate of the property and assess it
accordingly. No reduction may be made by the county board of equalization from
the assessment of the county assessor made pursuant to this subsection.
3.  If the county board of equalization
finds it necessary to add to the assessed valuation of any property on the
assessment roll, it shall direct the clerk to give notice to the person so
interested by registered or certified letter, or by personal service, naming
the day when it will act on the matter and allowing a reasonable time for the
interested person to appear.