Nevada § 268.5975 - Request by county assessor to adjust boundary that bisects single legal parcel; assumption of certain financial obligations relating to such property

§ 268.5975. Request by county assessor to adjust boundary that bisects single legal parcel; assumption of certain financial obligations relating to such property

1. A county assessor may request that the governing body of a city realign one or

more of the boundary lines between the city and the unincorporated area of the county

or between two cities to adjust a boundary that bisects a parcel of land causing the

creation of more than one tax parcel from a single legal parcel. Notwithstanding any other provision of law, the governing body may, by ordinance

or other appropriate legal action, with the consent of the board of county commissioners

or the governing body of the other city, respectively, adjust the boundary to exclude

the portion of the split parcel from the city. 2. Where any territory is detached from a city as provided in this section, provision

must be made for such proportion of any outstanding general obligations of the city

as the assessed valuation of property in the territory bears to the total assessed

valuation of property in the city and for such proportion of any obligations secured

by the pledge of revenues from a public improvement as the revenue arising within

the territory bears to the total revenue from such improvement as follows: (a) If the territory is included in another city, the proportionate obligation must

be assumed according to its terms by the annexing city; (b) If the territory is included in the unincorporated area of the county, taxes must

be levied by the board of county commissioners upon all taxable property in the district,

sufficient to discharge the proportionate share of the debt for the general obligation

according to its terms; or (c) Except as otherwise provided in this paragraph, where substantially all of the

physical improvements for which the obligation was incurred are within the territory

remaining in the city, with the consent of the governing body of the city from which

such territory is detached and of the holders of such obligations, the entire obligation

may be assumed by the city from which such territory is detached and the detached

territory released therefrom. The consent of the holders of such obligations is not required if the total assessed

value of the territory that is detached from the city on or after July 1, 2003, is

not in excess of 0.01 percent of the assessed value of the city at the time the territory

is detached.