Section 361.920 - Purpose; requirements for participation1. The program for allodial title allows qualified titleholders to pay their property taxes for a period equal to the life expectancy of the youngest titleholder of the property on which a single-family dwelling is located. A titleholder: (a) Must occupy the single-family dwelling as his or her primary residence; and(b) Is ineligible to hold allodial title on more than one single-family dwelling at the same time.2. The program will provide for the payment of property taxes for holders of certificates of allodial title. The State Treasurer, on behalf of the titleholders of a specific parcel of property, will make payment of future property taxes for that property once the titleholders have been issued a certificate and so long as the titleholders are qualified for allodial title.3. The program will not provide for the payment of any special assessment, service charge or fee that is included on a property tax bill.4. The program applies and is restricted to the surface rights of residential property, and does not include the mineral rights of property. The program is intended to protect families from losing family homes, not mining businesses, because of tax liens.5. The State Treasurer will avoid, to the extent possible, the unequal collection of property taxes by properly determining the cost of a certificate.Nev. Admin. Code § 361.920
Added to NAC by St. Treasurer by R088-01, eff. 10-22-2001