Nevada § 463.327 - Decrease in rate of property tax of incorporated city receiving apportioned gaming license revenue
Full text of Nevada Nevada Revised Statutes § 463.327 — Decrease in rate of property tax of incorporated city receiving apportioned gaming license revenue, with citation guidance and answers to common questions.
§ 463.327. Decrease in rate of property tax of incorporated city receiving apportioned gaming license revenue
The Executive Director of the Department of Taxation shall decrease the rate of property
tax otherwise allowed to be levied pursuant to chapter 354 of NRS by each incorporated city in a county whose population is 700,000 or more, and each
such incorporated city shall accordingly decrease its property tax levy, for each
fiscal year in which money will be distributed pursuant to NRS 463.325 , by an amount which when multiplied by the assessed valuation of the incorporated
city for the previous fiscal year would produce revenue equal to 25 percent of the
amount allocated to the incorporated city pursuant to NRS 463.325 in the fiscal year in which the distribution will be received.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 463.327
What does Nevada Revised Statutes § 463.327 cover?
Section 463.327 ("Decrease in rate of property tax of incorporated city receiving apportioned gaming license revenue") 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 § 463.327?
A common citation format is "Nevada Revised Statutes § 463.327" (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 § 463.327 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.