Nev. Rev. Stat. § 361A.286 — Lien for deferred tax and penalty

1.  The deferred tax and penalty assessed
pursuant to NRS 361A.280 and 361A.283 are a perpetual lien until paid
as provided in NRS 361.450 . If the
property continues to be used exclusively for agricultural use or approved
open-space use for 7 fiscal years after the date of attachment, the lien for
that earliest year expires. The lien is for an undetermined amount until the
property is converted and the amount is determined pursuant to NRS 361A.280 . Any liens calculated and
recorded before July 1, 1989, for property that had not been converted shall be
deemed to have expired on that date.
2.  If agricultural or open-space real
property receiving agricultural or open-space use assessment is sold or
transferred to an ownership making it exempt from taxation ad valorem, any such
liens for deferred taxes must, unless the property is sold or transferred to the
Nevada System of Higher Education, a school district or another local
governmental entity, be paid in full before the transfer of ownership if the
property is converted to another use.
3.  The provisions of this section do not
apply to any portion of agricultural or open-space real property if the
deferred tax and any penalty have been paid pursuant to NRS 361A.265 .
4.  Each year, the county assessor must
record a list of parcel numbers and owner’s names for all parcels on which a
lien exists pursuant to subsection 1.