Nev. Rev. Stat. § 361A.150 — Disqualification of property

1.  The county assessor shall enter on the
assessment roll the valuation based on agricultural use until the property
becomes disqualified for agricultural use assessment by:
(a) Notification by the applicant to the assessor
to remove the agricultural use assessment pursuant to NRS 361A.270 ;
(b) Sale or transfer to an owner making it exempt
from ad valorem property taxation;
(c) Removal of the agricultural use assessment by
the assessor upon discovery that the property is no longer in agricultural use;
or
(d) Failure to file an application as provided in
NRS 361A.110 .
2.  Except as otherwise provided in
paragraph (b) of subsection 1, the sale or transfer to a new owner or transfer
by reason of death of a former owner does not operate to disqualify
agricultural real property from agricultural use assessment so long as the
property continues to be used exclusively for agricultural use, if the new
owner applies for agricultural use assessment in the manner provided in NRS 361A.110 .
3.  Within 30 days after agricultural real
property becomes disqualified under subsection 1, the county assessor shall
send a written notice of disqualification by certified mail with return receipt
requested to each owner of record. The notice must contain the nonagricultural
assessed value for the ensuing fiscal year.