Nev. Rev. Stat. § 361.453 — Limitation on total ad valorem tax levy; exceptions

1.  Except as otherwise provided in this
section and NRS 354.705 , 354.723 , 387.3288 ,
387.3289 , 387.3342 and 450.760 , the total ad valorem tax levy for
all public purposes must not exceed $3.64 on each $100 of assessed valuation,
or a lesser or greater amount fixed by the State Board of Examiners if the State
Board of Examiners is directed by law to fix a lesser or greater amount for
that fiscal year.
2.  Any levy imposed by the Legislature for
the repayment of bonded indebtedness or the operating expenses of the State of
Nevada and any levy imposed by the board of county commissioners pursuant to NRS 387.195 that is in excess of 50 cents
on each $100 of assessed valuation of taxable property within the county must
not be included in calculating the limitation set forth in subsection 1 on the
total ad valorem tax levied within the boundaries of the county, city or
unincorporated town, if, in a county whose population is less than 52,000, or
in a city or unincorporated town located within that county:
(a) The combined tax rate certified by the Nevada
Tax Commission was at least $3.50 on each $100 of assessed valuation on June
25, 1998;
(b) The governing body of that county, city or
unincorporated town proposes to its registered voters an additional levy ad
valorem above the total ad valorem tax levy for all public purposes set forth
in subsection 1;
(c) The proposal specifies the amount of money to
be derived, the purpose for which it is to be expended and the duration of the
levy; and
(d) The proposal is approved by a majority of the
voters voting on the question at a general election or a special election
called for that purpose.
3.  The duration of the additional levy ad
valorem levied pursuant to subsection 2 must not exceed 5 years. The governing
body of the county, city or unincorporated town may discontinue the levy before
it expires and may not thereafter reimpose it in whole or in part without
following the procedure required for its original imposition set forth in
subsection 2.
4.  A special election may be held pursuant
to subsection 2 only if the governing body of the county, city or
unincorporated town determines, by a unanimous vote, that an emergency exists.
The determination made by the governing body is conclusive unless it is shown
that the governing body acted with fraud or a gross abuse of discretion. An
action to challenge the determination made by the governing body must be
commenced within 15 days after the governing body’s determination is final. As
used in this subsection, “emergency” means any unexpected occurrence or
combination of occurrences which requires immediate action by the governing
body of the county, city or unincorporated town to prevent or mitigate a
substantial financial loss to the county, city or unincorporated town or to
enable the governing body to provide an essential service to the residents of
the county, city or unincorporated town.