Nevada § 361.4729 - Calculation of partial abatement when taxable value of real property is reduced because of destruction, removal or overassessment of improvement
Full text of Nevada Nevada Revised Statutes § 361.4729 — Calculation of partial abatement when taxable value of real property is reduced because of destruction, removal or overassessment of improvement, with citation guidance and answers to common questions.
§ 361.4729. Calculation of partial abatement when taxable value of real property is reduced because of destruction, removal or overassessment of improvement
If the taxable value of an improvement to real property is reduced as a result of: 1. The partial or complete destruction or removal of the improvement; or 2. The correction pursuant to NRS 361.768 of an overassessment of the improvement because of a factual error, then for the purpose of calculating the amount of any partial abatement to which the
owner of the real property is entitled pursuant to NRS 361.4722 , 361.4723 or 361.4724 for the initial fiscal year for which that reduction in taxable value applies, the
amount determined for the immediately preceding fiscal year pursuant to paragraph
(a) of subsection 1 of NRS 361.4722 , paragraph (a) of subsection 2 of NRS 361.4722 , paragraph (a) of subsection 1 of NRS 361.4723 or paragraph (a) of subsection 1 of NRS 361.4724 , as applicable, must be reduced by the same percentage as the taxable value of the
real property is reduced for that initial fiscal year as a result of the partial or
complete destruction or removal of the improvement to the property or the correction
of the overassessment of the improvement to the property.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 361.4729
What does Nevada Revised Statutes § 361.4729 cover?
Section 361.4729 ("Calculation of partial abatement when taxable value of real property is reduced because of destruction, removal or overassessment of improvement") 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 § 361.4729?
A common citation format is "Nevada Revised Statutes § 361.4729" (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 § 361.4729 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.