Nevada (Summary)

Last Updated: March 2020

Tax Type: Current Use

Description: 35% of the current use value. A discount factor (0.74) is applied for open-space real properties other than golf courses.

Objective:

It is in the best interest of the state to maintain, preserve, conserve and otherwise continue in existence adequate agricultural and open-space lands and the vegetation thereon to assure continued public health and the use and enjoyment of natural resources and scenic beauty for the economic and social well-being of the state and its citizens.

Principal Forest Property Tax Incentive Programs:

1. Program legal-common name: General property tax program (Agricultural Land Classification)

Law: NRS 361A.010 - 361A.160

Program Requirements

Min/Max Acreage: at least 7 contiguous acres

Min. Stocking Growth: N/A

Forest Management Plan: N/A

Duration of Enrollment: N/A

Evidence of Use:at least 3 consecutive years immediately preceding the assessment date to agricultural use

Penalties for Use Change: Property converted to non-agricultural use or non-open space use may be reassessed for the current year and for the six previous years to effectively recapture accrued special assessment tax benefits; penalty of 20 percent of accumulated deferred tax if county tax assessor is not notified of change in parcel's use within 30 days.

Program Administration

State: Nevada Tax Commission prepares a bulletin listing all classifications and values for the following assessment year. The Division of Local Government Services reviews those applications of less than 20 acres.

County Tax Assessor and Commissioner: County assessors determine the eligibility of agricultural use applications for properties of 20 acres or more.

University: N/A

Landowners: Landowners apply to the county assessor for agricultural use assessment.

2. Program legal-common name: General property tax program (Open Space Classification)

Program Requirements

Min/Max Acreage: N/A

Min. Stocking Growth: N/A

Forest Management Plan: N/A

Duration of Enrollment: N/A

Evidence of Use:N/A

Penalties for Use Change: Property converted to non-agricultural use or non-open space use may be reassessed for the current year and for the six previous years to effectively recapture accrued special assessment tax benefits; penalty of 20 percent of accumulated deferred tax if county tax assessor is not notified of change in parcel’s use within 30 days.

Program Administration

State:

County Tax Assessor and Commissioner: Within 10 days, the assessor refers the open-space application to the Board of County Commissioners and if required to the governing body of an incorporated city. The board shall consider the application at a public hearing.

University: N/A

Landowners: Landowners apply to the county assessor for open-space assessment.

For a more in depth discussion of Nevada property taxes click here!