Nev. Rev. Stat. § 361.55 — Exemption of state lands and property generally; payments by Department of Wildlife in lieu of taxes; apportionment of payments

NRS  361.055    Exemption of state lands and property generally; payments by
Department of Wildlife in lieu of taxes; apportionment of payments.
1.  All lands and other property owned by
the State are exempt from taxation, except real property acquired by the State of
Nevada and assigned to the Department of Wildlife which is or was subject to
taxation under the provisions of this chapter at the time of acquisition.
2.  In lieu of payment of taxes on each
parcel of real property acquired by it which is subject to assessment and
taxation pursuant to subsection 1, the Department of Wildlife shall make annual
payments to the county tax receiver of the county wherein each such parcel of
real property is located of an amount equal to the total taxes levied and
assessed against each such parcel of real property in the year in which title
to it was acquired by the State of Nevada.
3.  Such payments in lieu of taxes must be
collected and accounted for in the same manner as taxes levied and assessed
against real property pursuant to this chapter are collected and accounted for.
4.  Money received pursuant to this section
must be apportioned each year to the counties, school districts and cities
wherein each such parcel of real property is located in the proportion that the
tax rate of each such political subdivision bears to the total combined tax
rate in effect for that year.