State Tax Laws > Property Taxes > Nevada (Summary)

Description: 35% of the current use value.

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

Objective: 1. It is the intent of the legislature to: (a) Constitute agriculture and open-space real property as a separate class for taxation purposes; and (b) Provide a separate plan for: (1) Appraisal and valuation of such property for assessment purposes; and (2) Partial deferred taxation with tax recapture as provided in NRS 361A.280 and NRS 361A.283. 2. The legislature hereby declares that 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.

Forest Tax Program Requirements

Min/Max Acreage: 7

Min. Stocking Growth: N/A

Forest Management Plan: N/A

Evidence of Use: 3 years

Duration of Enrollment: N/A

Penalties for Use Change: 20% of deferred tax.

Program Administration

State: Department considers the use of the property by its owner.

County Tax Assessor and Commissioner: Approves applications for agricultural use.

University: N/A

Landowner: N/A

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