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Nevada Administrative Code (Last Updated: January 6, 2015) |
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Chapter361 Property Tax |
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ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES |
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Property Located in Redevelopment Area or Tax Increment Area |
NAC361.797. “Entity percentage allowed parcel tax rate increase” defined.
Latest version.
- “Entity percentage allowed parcel tax rate increase” means:
1. Except as otherwise provided in subsection 2, the percentage obtained by dividing the entity-adjusted parcel tax rate of a taxing entity applicable to a parcel or other taxable unit of property by the entity parcel tax rate increase of that taxing entity applicable to that property; or
2. If the entity parcel tax rate increase of a taxing entity applicable to a parcel or other taxable unit of property is zero, 100 percent.
(Added to NAC by Com. on Local Gov’t Finance by R022-08, 4-17-2008, eff. 7-1-2008)