Nev. Rev. Stat. § 361.357 — Appeal to county board of equalization where full cash value of property is less than its taxable value

NRS  361.357    Appeal to county board of equalization where full cash value of
property is less than its taxable value.
1.  The owner of any real or personal
property placed on:
(a) The secured tax roll who believes that the
full cash value of his or her property is less than the taxable value computed
for the property in the current assessment year may, not later than January 15
of the fiscal year in which the assessment was made, appeal to the county board
of equalization. If January 15 falls on a Saturday, Sunday or legal holiday,
the appeal may be filed on the next business day.
(b) The unsecured tax roll which was assessed on
or after May 1 and on or before December 15 who believes that the full cash
value of his or her property is less than the taxable value computed for the
property in the current assessment year may, not later than the following
January 15, appeal to the county board of equalization. If January 15 falls on
a Saturday, Sunday or legal holiday, the appeal may be filed on the next
business day.
2.  Before a person may file an appeal
pursuant to subsection 1, the person must complete a form provided by the
county assessor to appeal the assessment to the county board of equalization.
The county assessor may, before providing such a form, require the person
requesting the form to provide the parcel number or other identification number
of the property that is the subject of the planned appeal.
3.  If the county board of equalization
finds that the full cash value of the property on January 1 immediately
preceding the fiscal year for which the taxes are levied is less than the
taxable value computed for the property, the board shall correct the land value
or fix a percentage of obsolescence to be deducted from the otherwise computed
taxable value of the improvements, or both, to make the taxable value of the
property correspond as closely as possible to its full cash value.
4.  No appeal under this section may result
in an increase in the taxable value of the property.