§ 361.045 Taxable property
§ 361.050 United States property exempted
§ 361.055 Exemption of state lands and property generally; payments by Department of Wildlife in lieu of taxes; apportionment of payments
§ 361.060 Property of counties, cities, towns, Nevada Rural Housing Authority and certain other political subdivisions exempted
§ 361.0605 Property related to public use of privately owned park exempted; exclusion
§ 361.061 Property related to public use of privately owned airport exempted; exclusion
§ 361.062 Property of trusts for furtherance of public functions exempted
§ 361.065 Property of school districts and charter schools exempted
§ 361.067 Vehicles exempted
§ 361.068 Business inventories and consumables, livestock, bees, certain pipe and agricultural equipment, boats, campers, fine art for public display and certain personal property of nonresidents exempted; establishment of de minimis exemption for person
§ 361.0683 Partial abatement of taxes imposed on personal property located at new or expanded data center. [Effective through December 31, 2056.]
§ 361.0687 Partial abatement of taxes imposed on certain new or expanded businesses. [Effective through June 30, 2032.]
§ 361.0687 v2 Partial abatement of taxes imposed on certain new or expanded businesses. [Effective July 1, 2032.]
§ 361.069 Household goods and furniture exempted; exclusion of rental property
§ 361.070 Drainage ditches, canals and irrigation systems exempted
§ 361.073 Property of water users’ nonprofit associations and nonprofit cooperative corporations exempted
§ 361.075 Exemption of unpatented mines and mining claims
§ 361.077 Exemption of property used for control of air or water pollution
§ 361.078 Exemption of residential property containing shelter protecting against radioactive fallout
§ 361.080 Exemption of property of surviving spouses
§ 361.082 Exemption of portions of certain property used for housing and related facilities for persons with low incomes
§ 361.083 Exemption of certain property and buildings used for care or relief of orphan children, or of sick, infirm or indigent persons
§ 361.084 Exemption of single-family residence that replaces single-family residence partially or completely destroyed in certain emergencies or disasters
§ 361.085 Exemption of property of persons who are blind
§ 361.086 Exemption of certain property used for housing and related facilities for very low-income elderly persons or very low-income persons with disabilities
§ 361.087 Exemption of residential improvements made to remove barriers to persons with disabilities
§ 361.088 Exemption of property of Nathan Adelson Hospice
§ 361.090 Veterans’ exemptions
§ 361.0905 Waiver of veteran’s exemption; designation of any amount of exemption for credit to Gift Account for veterans homes in southern or northern Nevada
§ 361.091 Exemption for veteran who has incurred service-connected disability and surviving spouse of such a veteran
§ 361.095 Exemptions of veterans’ organizations
§ 361.096 Exemption of certain property leased or rented to charter school
§ 361.098 Exemption of property of charitable foundations established by Board of Regents of University of Nevada
§ 361.099 Exemption of certain real and personal property leased or rented to Nevada System of Higher Education
§ 361.100 Exemption of property of university fraternities and sororities
§ 361.105 Exemptions of nonprofit private schools
§ 361.106 Exemption of property of certain apprenticeship programs
§ 361.107 Exemption of property of Pershing County Kids, Horses, Rodeo Inc
§ 361.110 Exemptions of certain organizations
§ 361.111 Exemption of certain property of Archaeological Conservancy, Nature Conservancy, American Land Conservancy and Nevada Land Conservancy
§ 361.115 Exemptions of property of Nevada Children’s Foundation, Inc., Nevada Heritage Association, Inc., and Habitat for Humanity International
§ 361.125 Exemption of churches, chapels and land used exclusively for worship
§ 361.130 Exemption of public cemeteries and graveyards
§ 361.132 Exemption of certain private cemeteries and places of burial
§ 361.135 Exemptions of certain lodges, societies and similar charitable or benevolent organizations
§ 361.140 Exemptions of certain charitable corporations
§ 361.145 Exemptions of noncommercial theaters
§ 361.150 Exemptions of volunteer fire departments
§ 361.155 Exemptions: Filing of claims and designations; duration and amount; assessment and penalty for erroneous grant or renewal; review of late or denied claim
§ 361.1565 Certain exemptions reduced to extent of exemption from governmental services tax
§ 361.157 Exempt real estate subject to taxation if used as residence or in business conducted for profit; exceptions
§ 361.159 Exempt personal property subject to taxation if used in business conducted for profit; exceptions

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Terms Used In Nevada Revised Statutes > Chapter 361 > Assessment > Taxable and Exempt Property

  • 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.
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • county: includes Carson City. See Nevada Revised Statutes 0.033
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Dependent: A person dependent for support upon another.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Executive Director: means the Executive Director of the Department of Taxation. See Nevada Revised Statutes 360.001
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • 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
  • Personal property: All property that is not real property.
  • physician: means a person who engages in the practice of medicine, including osteopathy and homeopathy. See Nevada Revised Statutes 0.040
  • population: means the number of people in a specified area as determined by the last preceding national decennial census conducted by the Bureau of the Census of the United States Department of Commerce pursuant to Section 2 of Nevada Revised Statutes 0.050
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Right of rescission: Right to cancel, within three business days, a contract that uses the home of a person as collateral, except in the case of a first mortgage loan. There is no fee to the borrower, who receives a full refund of all fees paid. The right of rescission is guaranteed by the Truth in Lending Act (TILA). Source: OCC
  • Subpoena: A command to a witness to appear and give testimony.
  • Tenancy in common: A type of property ownership in which two or more individuals have an undivided interest in property. At the death of one tenant in common, his (her) fractional percentage of ownership in the property passes to the decedent
  • Testify: Answer questions in court.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Trustee: A person or institution holding and administering property in trust.