Nev. Rev. Stat. § 361.405 — Certification of changes in assessed valuation; notice of increased valuation; duties of county auditors and tax receivers; inclusion of net proceeds of minerals in assessed valuation

NRS  361.405    Certification of changes in assessed valuation; notice of
increased valuation; duties of county auditors and tax receivers; inclusion of
net proceeds of minerals in assessed valuation.
1.  The Secretary of the State Board of
Equalization forthwith shall certify any change made by the Board in the
assessed valuation of any property in whole or in part to the county auditor of
the county where the property is assessed, and whenever the valuation of any
property is raised:
(a) In a proceeding to resolve an appeal or other
complaint before the Board pursuant to NRS
361.360 , 361.400 , 361.402 or 361.403 , the Secretary of the Board shall
forward by certified mail to the property owner or owners affected, notice of
the increased valuation.
(b) Pursuant to paragraph (b) of subsection 1 of NRS 361.395 , the Secretary of the Board
shall forward by first-class mail to the property owner or owners affected,
notice of the increased valuation.
2.  As soon as changes resulting from cases
having a substantial effect on tax revenues have been certified to the county
auditor by the Secretary of the State Board of Equalization, the county auditor
shall:
(a) Enter all such changes and the value of any
construction work in progress and net proceeds of minerals which were certified
to him or her by the Department, on the assessment roll before the delivery
thereof to the tax receiver.
(b) Add up the valuations and enter the total
valuation of each kind of property and the total valuation of all property on
the assessment roll.
(c) Certify the results to the board of county
commissioners and the Department.
3.  The board of county commissioners shall
not levy a tax on the net proceeds of minerals added to the assessed valuation
pursuant to paragraph (a) of subsection 2, but, except as otherwise provided by
specific statute, the net proceeds of minerals must be included in the assessed
valuation of the taxable property of the county and all local governments in
the county for the determination of the rate of tax and all other purposes for
which assessed valuation is used.
4.  As soon as changes resulting from cases
having less than a substantial effect on tax revenue have been certified to the
county tax receiver by the Secretary of the State Board of Equalization, the
county tax receiver shall adjust the assessment roll or the tax statement or
make a tax refund, as directed by the State Board of Equalization.