Walk It Through: The Assessment And The Tax Bill
A Nevada home's taxable value, an appeal by January 15, and what happens when the taxes go unpaid.
The assessment notice puts a taxable value on the house higher than what the house next door just sold for.
Two things a person in this spot might do. Picking one shows what the law says about it.
One house on the secured roll. Appeals for inequity, the partial abatements that cap a home's tax increase, the tax sale itself, and a claim against the state for a particular account are not worked through here.
A practice walkthrough, not a prediction of how any real one will go. Legal information, not legal advice.
Words this turns on
Terms with a legal meaning that is narrower than the everyday one. Each links to the definition and the authority behind it.
- Full cash valueThe value an owner compares with the taxable value computed for the property; where it is less, the owner may appeal to the county board of equalization not later than January 15.
- ReconveyanceHaving property the treasurer holds in trust deeded back by paying the accrued taxes, costs, penalties and interest, up to the close of business on the third business day before the treasurer's sale.
- Right to redeemPaying the debt in full during the notice period to get a repossessed vehicle back. The notice of intent to sell states the right and the total amount needed to redeem as of its date.
- Trustee's certificateThe certificate after delinquent taxes that lets the county treasurer hold each property for 2 years, or 1 year if abandoned, unless it is redeemed, with interest on the taxes at 10 percent per annum.
- Security depositMoney a tenant pays, which with any surety bond and the last month's rent may not exceed 3 months' periodic rent, and from which a landlord may claim only unpaid rent, repairs for damage beyond normal wear, and reasonable cleaning.