Nevada § 548.397 - Acquisition and disposition of property: Payments in lieu of taxes; amount; collection
Full text of Nevada Nevada Revised Statutes § 548.397 — Acquisition and disposition of property: Payments in lieu of taxes; amount; collection, with citation guidance and answers to common questions.
§ 548.397. Acquisition and disposition of property: Payments in lieu of taxes; amount; collection
1. If a district acquires real property on or after July 1, 2003, which is not exempt
from property taxes at the time it is acquired by the district, the board of county
commissioners of the county in which the property is located shall determine whether
the district is required to make payments in lieu of taxes on the property. 2. In determining whether to require the district to make payments in lieu of taxes,
the board shall consider the contributions made by the district to the community,
such as providing a meeting place for community activities and such other factors
as the board determines appropriate. 3. If the district is required to make payments in lieu of taxes, the amount of the
payments must be equal to the property taxes which would have been payable on the
property if it were not exempt from taxation. The county assessor of the county in which the property is located shall, solely
for the purpose of facilitating the payments in lieu of taxes, assess the property
in the same manner as the taxable property in the county is assessed. The ex officio tax receiver of that county shall mail to the district an individual
bill for the payment in lieu of taxes in the same manner as is required by NRS 361.480 for an individual tax bill. 4. The payments in lieu of taxes are due at the same time and must be collected, accounted
for and distributed in the same manner as if the property remained taxable after it
was acquired by the district, except that no lien attaches upon any property or money
of the district by virtue of any failure to make all or any part of the payments.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 548.397
What does Nevada Revised Statutes § 548.397 cover?
Section 548.397 ("Acquisition and disposition of property: Payments in lieu of taxes; amount; collection") 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 § 548.397?
A common citation format is "Nevada Revised Statutes § 548.397" (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 § 548.397 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.