Nevada § 353.620 Property subject to agreement exempt from ad valorem property taxation in certain circumstances

Nevada Statutes

§ 353.620 — Property subject to agreement exempt from ad valorem property taxation in certain circumstances

Nevada § 353.620

Title 31PUBLIC FINANCIAL ADMINISTRATION

Ch. 353State

INSTALLMENT-PURCHASE AND LEASE-PURCHASE AGREEMENTS

This text of Nevada § 353.620 (Property subject to agreement exempt from ad valorem property taxation in certain circumstances) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 353.620 (2026).

Text

While an agreement entered into pursuant to NRS 353.500 to 353.630, inclusive, is in effect, the property that is the subject of the agreement is exempt from ad valorem property taxation by this State and its political subdivisions if:

1.An improvement is being constructed on the property pursuant to the agreement; or

2.This State or a state agency is in possession of the property.

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