NRS 361.078 Exemption of residential property containing shelter protecting against radioactive fallout.
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NRS 361.078 Exemption of residential property containing shelter protecting against radioactive fallout.
1. Residential property to the extent of $1,000 assessed valuation is exempt from taxation if the property:
(a)Is owned and occupied by a resident of this state;
(b)Contains a shelter for protection against radioactive fallout;
(c)The shelter has sufficient space to protect the number of persons who normally occupy the residence; and
(d)The shelter provides at least 40 times more protection against radiation to a person inside the shelter than to a person outside the shelter.
2. Any person claiming this exemption must file with the county assessor an affidavit declaring that:
(a)The person is a resident of the State of Nevada;
(b)The shelter meets the requirements of subsection 1; and
(c)The person has not claimed a similar exemption for the current year in any other county in this state.