Nevada § 361.261 - Determination of assessed value of property that is not being reappraised: Adoption of factors for improvements
Full text of Nevada Nevada Revised Statutes § 361.261 — Determination of assessed value of property that is not being reappraised: Adoption of factors for improvements, with citation guidance and answers to common questions.
§ 361.261. Determination of assessed value of property that is not being reappraised: Adoption of factors for improvements
The factors for improvements required by subsection 5 of NRS 361.260 must be adopted pursuant to the following procedure: 1. On or before February 1 of the year immediately preceding the year to which the
factors will be applied, the Department shall provide the proposed factors to each
county assessor. 2. On or before May 15 of the same year, each county assessor shall notify the Nevada
Tax Commission that he or she either approves or objects to the proposed factors that
are applicable to the county he or she represents. 3. If one or more of the county assessors notify the Nevada Tax Commission of an objection
to the proposed factors that are applicable to the county they represent, the Nevada
Tax Commission shall, at a regularly scheduled meeting of the Commission, hold a hearing
on those proposed factors before the factors are adopted. At the hearing, the Nevada Tax Commission shall: (a) Make every effort to reconcile the objection or objections of each county assessor;
and (b) Provide to those persons attending the hearing copies of any published reference
manuals and the local indicators of the taxable value of improvements that were used
by the Department to establish the proposed factors.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 361.261
What does Nevada Revised Statutes § 361.261 cover?
Section 361.261 ("Determination of assessed value of property that is not being reappraised: Adoption of factors for improvements") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 361.261?
A common citation format is "Nevada Revised Statutes § 361.261" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 361.261 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.