NRS 361.0605 Property related to public use of privately owned park exempted; exclusion.
82 words·~1 min read·
/nv/chapter-361-property-tax/361-0605·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 361.0605 Property related to public use of privately owned park exempted; exclusion.
1. The acquisition, improvement or use of land by the public as a park is a municipal purpose, whether or not the park is owned or operated by a local government.
2. The real property and improvements of a privately owned park which, pursuant to an agreement with a local government, are used by the public without charge, excluding areas from which income is derived, are exempt from taxation.