361.7324 - Procedure when taxes on parcel again become delinquent during year after tax lien sold. - Nevada Statutes

361.7324  Procedure when taxes on parcel again become delinquent during year after tax lien sold.

      1.  If a tax lien against a parcel of real property has been sold in the year immediately preceding the date that taxes on that parcel again become delinquent pursuant to NRS 361.483, the county treasurer shall:

      (a) Collect the delinquent taxes in the manner set forth in NRS 361.5648 to 361.730, inclusive;

      (b) Redeem the tax lien pursuant to NRS 361.7326; or

      (c) Cause written notice of the delinquency to be sent by certified mail to the holder of the certificate of purchase who is listed in the record maintained by the county treasurer pursuant to NRS 361.7322.

      2.  Within 90 days after receiving a notice from the county treasurer pursuant to paragraph (c) of subsection 1, the holder of the certificate of purchase may:

      (a) Purchase from the county treasurer a tax lien against the parcel for the current year of assessment pursuant to NRS 361.7318; or

      (b) Consent to the redemption of the tax lien pursuant to NRS 361.7326.

      3.  If the holder of the certificate of purchase consents to the redemption of the tax lien pursuant to NRS 361.7326, the county treasurer shall:

      (a) Redeem the tax lien pursuant to that section; or

      (b) Sell the tax lien to another person, who shall redeem any previous tax lien pursuant to NRS 361.7326.

      (Added to NRS by 2005, 511)