Nev. Rev. Stat. § 371.50 — Valuation of vehicles

1.  Except as otherwise provided in
subsections 3 and 4, valuation of vehicles must be determined by the Department
upon the basis of 35 percent of the manufacturer’s suggested retail price in
Nevada excluding options and extras, as of the time the particular make and
model for that year is first offered for sale in Nevada.
2.  If the Department is unable to
determine the manufacturer’s suggested retail price in Nevada with respect to
any vehicle because the vehicle is specially constructed, or for any other
reason, the Department shall determine the valuation upon the basis of 35
percent of the original retail price to the original purchaser of the vehicle
as evidenced by such document or documents as the Department may require.
3.  For each:
(a) Bus, truck, truck-tractor or combination of
vehicles having a declared gross weight of 10,000 pounds or more; and
(b) Trailer or semitrailer having an unladen
weight of 4,000 pounds or more,
Ê the
Department may use 85 percent of the original purchaser’s cost price in lieu of
the manufacturer’s suggested retail price.
4.  If the Department is unable to
determine the original manufacturer’s suggested retail price in Nevada, or the
original retail price to the purchaser, the Department may determine the
original value of the vehicle on the basis of 50 cents per pound.
5.  For motor carriers which register
pursuant to the provisions of the Interstate Highway User Fee Apportionment
Act, the Department may determine the original purchaser’s cost price of the
vehicle on the basis of its declared gross weight in a manner which the
Department finds appropriate and equitable.