Nevada § 361.355 - Complaints of overvaluation or excessive valuation by reason of undervaluation or nonassessment of other property

§ 361.355. Complaints of overvaluation or excessive valuation by reason of undervaluation or nonassessment of other property

1. Any person, firm, company, association or corporation, claiming overvaluation or

excessive valuation of its real or secured personal property in the State, whether

assessed by the Nevada Tax Commission or by the county assessor or assessors, by reason

of undervaluation for taxation purposes of the property of any other person, firm,

company, association or corporation within any county of the State or by reason of

any such property not being so assessed, shall appear before the county board of equalization

of the county or counties where the undervalued or nonassessed property is located

and make complaint concerning it and submit proof thereon. The complaint and proof must show the name of the owner or owners, the location,

the description, and the taxable value of the property claimed to be undervalued or

nonassessed. 2. Any person, firm, company, association or corporation wishing to protest the valuation

of real or personal property placed on the unsecured tax roll which is assessed between

May 1 and December 15 may appeal the assessment on or before the following January

15, or the first business day following January 15 if it falls on a Saturday, Sunday

or holiday, to the county board of equalization. 3. The county board of equalization forthwith shall examine the proof and all data

and evidence submitted by the complainant, together with any evidence submitted thereon

by the county assessor or any other person. If the county board of equalization determines that the complainant has just cause

for making the complaint it shall immediately make such increase in valuation of the

property complained of as conforms to its taxable value, or cause the property to

be placed on the assessment roll at its taxable value, as the case may be, and make

proper equalization thereof. 4. Except as provided in subsection 5 and NRS 361.403 , any such person, firm, company, association or corporation who fails to make a complaint

and submit proof to the county board of equalization of each county wherein it is

claimed property is undervalued or nonassessed as provided in this section, is not

entitled to file a complaint with, or offer proof concerning that undervalued or nonassessed

property to, the State Board of Equalization. 5. If the fact that there is such undervalued or nonassessed property in any county

has become known to the complainant after the final adjournment of the county board

of equalization of that county for that year, the complainant may file the complaint

on or before March 10 with the State Board of Equalization and submit his or her proof

as provided in this section at a session of the State Board of Equalization, upon

complainant proving to the satisfaction of the State Board of Equalization he or she

had no knowledge of the undervalued or nonassessed property before the final adjournment

of the county board of equalization. If March 10 falls on a Saturday, Sunday or legal holiday, the complaint may be filed

on the next business day. The State Board of Equalization shall proceed in the matter in the same manner as

provided in this section for a county board of equalization in such a case, and cause

its order thereon to be certified to the county auditor with direction therein to

change the assessment roll accordingly.