Section 361.795 - "Entity parcel tax rate increase" defined"Entity parcel tax rate increase" means:
1. Except as otherwise provided in subsection 2, the remainder obtained by subtracting the entity-adjusted parcel tax rate of a taxing entity applicable to a parcel or other taxable unit of property for the immediately preceding fiscal year from the rate of ad valorem taxes imposed by or on behalf of that taxing entity on that property for the current fiscal year; or2. If the remainder determined pursuant to subsection 1 is a negative number, zero.Nev. Admin. Code § 361.795
Added to NAC by Com. on Local Gov't Finance by R022-08, 4-17-2008, eff. 7-1-2008