548.397 - Acquisition and disposition of property: Payments in lieu of taxes; amount; collection. - Nevada Statutes

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.

      (Added to NRS by 2003, 1683)