361.7314 - Adoption of procedure for sale and transfer of tax liens by county treasurer. - Nevada Statutes

361.7314  Adoption of procedure for sale and transfer of tax liens by county treasurer.

      1.  Before a county may offer for sale tax liens against parcels of real property located within the county, the board of county commissioners of that county must adopt by resolution a procedure for the sale and transfer of tax liens by the county treasurer.

      2.  The procedure must include, but is not limited to:

      (a) The requirements for notice of the sale of the tax lien. The notice must include:

             (1) The date, time and location of the sale; and

             (2) An indication of all other tax liens against the property that have been previously sold.

      (b) The manner in which:

             (1) A tax lien is selected for sale;

             (2) The price to purchase a tax lien is determined; and

             (3) The holder of a certificate of purchase issued pursuant to NRS 361.7318 may collect the delinquent taxes, interest, penalties and costs on the parcel of real property which is the subject of the tax lien.

      (Added to NRS by 2005, 509)