Nevada § 318.230 - Levy and collection of taxes

§ 318.230. Levy and collection of taxes

1. To levy and collect taxes, the board shall determine, in each year, the amount

of money necessary to be raised by taxation, taking into consideration other sources

of revenue of the district, and shall fix a rate of levy which, when levied upon every

dollar of assessed valuation of taxable property within the district, and together

with other revenues, will raise the amount required by the district annually to supply

money for paying: (a) The expenses of organization and the costs of operating and maintaining the works

and equipment of the district; and (b) The costs of acquiring the works and equipment of the district and, when due,

all interest on and principal of general obligation bonds and other general obligations

of the district. In the event of accruing defaults or deficiencies, an additional levy may be made

as provided in NRS 318.235 . The board shall identify separately the rate of tax which is levied pursuant to paragraph

(a) and the rate which is levied pursuant to paragraph (b) and shall make such information

available to the public upon request. The board shall not continue to levy a rate of tax pursuant to paragraph (b) after

the cost to the district of acquiring the particular work or equipment for which the

rate was levied has been recovered in full. 2. The board shall certify to the board of county commissioners, at the same time

as fixed by law for certifying thereto tax levies of incorporated cities, the rate

so fixed with directions that at the time and in the manner required by law for levying

taxes for county purposes such board of county commissioners shall levy such tax upon

the assessed valuation of all taxable property within the district, in addition to

such other taxes as may be levied by such board of county commissioners at the rate

so fixed and determined.