City’s property exempt from taxation; taxation of lessees, purchasers and obligors.

  1. Law
  2. Nevada Revised Statutes
  3. Powers and Duties Common to Cities and Towns Incorporated Under General or Special Laws
  4. City’s property exempt from taxation; taxation of lessees, purchasers and obligors.

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Pursuant to NRS 361.060, all property owned by a city pursuant to NRS 268.512 to 268.568, inclusive, shall be and remain exempt from taxation. Lessees and purchasers shall pay all taxes assessed to them pursuant to NRS 361.157 and 361.159, and any obligors shall pay all taxes assessed to them in the same manner as any other taxpayer.

(Added to NRS by 1967, 1758; A 1977, 599)


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