Nevada § 361.265 - Written statement concerning personal property: Demand; contents; return of statement; valuation of unlisted property claimed by absent or unknown person; penalties

§ 361.265. Written statement concerning personal property: Demand; contents; return of statement; valuation of unlisted property claimed by absent or unknown person; penalties

1. To enable the county assessor to make assessments, he or she shall demand from

each natural person or firm, and from the president, cashier, treasurer or managing

agent of each corporation, association or company, including all banking institutions,

associations or firms within the county, a written statement, signed under penalty

of perjury, on forms and in the format prescribed by the county assessor of all the

personal property within the county, owned, claimed, possessed, controlled or managed

by those persons, firms, corporations, associations or companies. The signature required by this subsection may include an electronic signature as

defined in NRS 719.100 . 2. The statement must include: (a) A description of the location of any taxable personal property that is owned,

claimed, possessed, controlled or managed by the natural person, firm, corporation,

association or company, but stored, maintained or otherwise placed at a location other

than the principal residence of the natural person or principal place of business

of the firm, corporation, association or company; (b) The cost of acquisition of each item of taxable personal property including the

cost of any improvements of the personal property, such as additions to or renovations

of the property other than routine maintenance or repairs, and the year in which each

item of taxable personal property was acquired; and (c) If the natural person, firm, corporation, association or company owns at least

25 mobile or manufactured homes that are being leased within the county for commercial

purposes, and those homes have not been converted to real property pursuant to NRS 361.244 , the year, make or model, size, serial number and location of each such mobile or

manufactured home. 3. The statement must be returned not later than July 31, except for a statement mailed

to the taxpayer after July 15, in which case it must be returned within 15 days after

demand for its return is made. Upon petition of the property owner showing good cause, the county assessor may

grant one or more 30-day extensions. 4. If the owners of any taxable property not listed by another person are absent or

unknown, or fail to provide the written statement as described in subsection 1, the

county assessor shall make an estimate of the value of the property and assess it

accordingly. If the name of the absent owner is known to the county assessor, the property must

be assessed in that name. If the name of the owner is unknown to the county assessor, the property must be

assessed to “unknown owner,” but no mistake made in the name of the owner or the supposed

owner of personal property renders the assessment or any sale of the property for

taxes invalid. 5. If any person, officer or agent neglects or refuses on demand of the county assessor

or his or her deputy to give the statement required by this section, or gives a false

name, or refuses to give his or her name or sign the statement, the person, officer

or agent is guilty of a misdemeanor.