NAC375.200. Property located in more than one county: Determination of value; request for refund; distribution of refund.

     1. If the property transferred is located in more than one county and the value has not been determined by the buyer and the seller as to each county, the value must be established by applying the ratio of the assessed valuation in each county to the total assessed valuation of all the property.

     2. A person seeking a refund of any tax imposed by chapter 375 of NRS for property located in more than one county must submit a request for refund to the county recorder in each county in which the property is located on the form prescribed by the county recorder in each county.

     3. Refunds must be made pursuant to the same distribution formula under which the tax was initially paid.

     [Tax Comm’n, Real Property Transfer Tax Ruling part No. 5, eff. 12-20-79]—(A by R181-01, 5-13-2002; A by Dep’t of Taxation by R224-03, 4-30-2004)