Nev. Rev. Stat. § 361.570 — Trustee’s certificate: Issuance to county treasurer; effect; contents; recordation; annual assessment of property held in trust

NRS  361.570    Trustee’s certificate: Issuance to county treasurer; effect;
contents; recordation; annual assessment of property held in trust.
1.  Pursuant to the notice given as
provided in NRS 361.5648 and 361.565 and at the time stated in the
notice, the tax receiver shall make out a certificate that describes each
property on which delinquent taxes, penalties, interest and costs have not been
paid. Except as otherwise provided in this subsection, the certificate
authorizes the county treasurer, as trustee for the State and county, to hold
each property described in the certificate for the period of 2 years after the
first Monday in June of the year the certificate is dated, unless sooner
redeemed. For each property described in the certificate that has been determined
to be abandoned pursuant to NRS 361.567 ,
the certificate authorizes the county treasurer, as trustee for the State and
county, to hold the property for the period of 1 year after the first Monday in
June of the year the certificate is dated, unless sooner redeemed.
2.  The certificate must specify:
(a) The amount of delinquency on each property,
including the amount and year of assessment;
(b) The taxes, and the penalties and costs added
thereto, on each property, and that, except as otherwise provided in NRS 360.232 and 360.320 , interest on the taxes will be
added at the rate of 10 percent per annum, assessed monthly, from the date due
until paid; and
(c) The name of the owner or taxpayer of each
property, if known.
3.  The certificate must state:
(a) For each property described in the
certificate that has not been determined to be abandoned pursuant to NRS 361.567 , that each such property may be
redeemed within 2 years after the date of the certificate;
(b) For each property described in the
certificate that has been determined to be abandoned pursuant to NRS 361.567 , that each such property may be
redeemed within 1 year after the date of the certificate;
(c) That the title to each property not redeemed
vests in the county for the benefit of the State and county; and
(d) That a tax lien may be assigned against the
parcel pursuant to the provisions of NRS
361.7303 to 361.733 , inclusive.
4.  Until the expiration of the period of
redemption, each property held pursuant to the certificate must be assessed
annually to the county treasurer as trustee. Before the owner or his or her
successor redeems the property, he or she must also pay the county treasurer
holding the certificate any additional taxes, penalties and costs assessed and
accrued against the property after the date of the certificate, together with
interest on the taxes at the rate of 10 percent per annum, assessed monthly,
from the date due until paid, unless otherwise provided in NRS 360.232 and 360.320 .
5.  A county treasurer shall take a
certificate issued to him or her pursuant to this section. The county treasurer
may cause the certificate to be recorded in the office of the county recorder
against each property described in the certificate to provide constructive
notice of the amount of delinquent taxes on each property respectively. The
certificate reflects the amount of delinquent taxes, penalties, interest and
costs due on the properties described in the certificate on the date on which
the certificate was recorded, and the certificate need not be amended
subsequently to indicate additional taxes, penalties, interest and costs
assessed and accrued or the repayment of any of those delinquent amounts. The
recording of the certificate does not affect the statutory lien for taxes
provided in NRS 361.450 .