Nevada Revised Statutes 361.078 – Exemption of residential property containing shelter protecting against radioactive fallout
1. Residential property to the extent of $1,000 assessed valuation is exempt from taxation if the property:
Terms Used In Nevada Revised Statutes 361.078
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- county: includes Carson City. See Nevada Revised Statutes 0.033
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
(a) Is owned and occupied by a resident of this state;
(b) Contains a shelter for protection against radioactive fallout;
(c) The shelter has sufficient space to protect the number of persons who normally occupy the residence; and
(d) The shelter provides at least 40 times more protection against radiation to a person inside the shelter than to a person outside the shelter.
2. Any person claiming this exemption must file with the county assessor an affidavit declaring that:
(a) The person is a resident of the State of Nevada;
(b) The shelter meets the requirements of subsection 1; and
(c) The person has not claimed a similar exemption for the current year in any other county in this state.