NAC361.944. Recalculation of cost upon addition or deletion of allodial titleholder to reflect change in titleholders and taxable value.

     1. The addition or deletion of an allodial titleholder may require a recalculation by the State Treasurer of the cost of the certificate to reflect the actuarial assumptions of the life expectancy of the allodial titleholders and the taxable value of the specific property.

     2. Upon receipt of an application to add or delete an allodial titleholder, the county treasurer shall notify the State Treasurer, who will recalculate the actuarial assumptions based on the change in titleholders and change in taxable value.

     3. The State Treasurer will determine if any additional amount needs to be paid for the cost of the certificate for that property and notify the titleholders and the county treasurer.

     4. A recalculation may not be needed if a deletion occurs solely through the death of a titleholder without transfer of the decedent’s interest to another person, including, without limitation, the death of a joint tenant with survivorship rights.

     (Added to NAC by St. Treasurer by R088-01, eff. 10-22-2001)