Nev. Rev. Stat. § 361.484 — Abatement of taxes on real or personal property acquired by Federal Government, State or political subdivision

NRS  361.484    Abatement of taxes on real or personal property acquired by Federal
Government, State or political subdivision.
1.  As used in this section, “acquired”
means acquired:
(a) Pursuant to a purchase order or other sales
agreement or by condemnation proceedings pursuant to chapter 37 of NRS, if the property acquired is
personal property.
(b) By purchase and deed or by condemnation
proceedings pursuant to chapter 37 of NRS, if
the property acquired is real property.
2.  Taxes levied on real or personal
property which is acquired by the Federal Government or the State or any of its
political subdivisions must be abated ratably for the portion of the fiscal
year in which the property is owned by the Federal Government or the State or
its political subdivision.
3.  For the purposes of abatement, the
Federal Government or the State or its political subdivision shall be deemed to
own:
(a) Personal property acquired by purchase
commencing on the date of sale indicated on the purchase order or other sales
agreement.
(b) Personal property acquired by condemnation
from the date of judgment pursuant to NRS
37.160 .
(c) Real property acquired by purchase commencing
with the date the deed is recorded.
(d) Real property acquired by condemnation from
the date of judgment pursuant to NRS 37.160
or the date of occupancy of the property pursuant to NRS 37.100 , whichever occurs earlier.