NAC362.410. Assessment; removal from secured roll for miscellaneous property.

Latest version.

     1. A patented mine which is used for a purpose related to mining or agriculture must be assessed:

     (a) At 35 percent of the taxable value of a site of comparable size and similar terrain and location which is used for purposes other than mining; or

     (b) At $500,

Ê whichever is greater.

     2. Any portion of a patented mine which is used for a purpose unrelated to mining or agriculture and taxed as other property is taxed must be removed from the secured roll of miscellaneous property and added to the secured roll of real property.

(Added to NAC by Tax Comm’n, eff. 1-8-86; A 6-23-86)

                    
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