Nev. Rev. Stat. § 361.463
Reduction of tax levy which exceeds statutory limitation; priority of taxes levied for payment of bonded indebtedness
Nevada · Nevada Revised Statutes Chapter 361 — Property Tax · Status: effective
Cite this
- Citation
- Nev. Rev. Stat. § 361.463, Reduction of tax levy which exceeds statutory limitation; priority of taxes levied for payment of bonded indebtedness, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2106733
- Permanent ID
ys:prov:2106733@1- SHA-256
6a61406d01756a3ec58c71e8d48fb09dafc5b109e309246dd4568088edba1b2b
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
1. In any year in which the total taxes levied by all overlapping units within the boundaries of the State exceed the limitation imposed by NRS 361.453, and it becomes necessary for that reason to reduce the levies made by any of those units, the reduction so made must be in taxes levied by those units (including the State) for purposes other than the payment of bonded indebtedness, including interest thereon.
2. The taxes levied for the payment of bonded indebtedness and the interest thereon enjoy a priority over taxes levied by each such unit (including the State) for all other purposes where reduction is necessary to comply with the limitation imposed by NRS 361.453.