Nevada / State / Standing indexing provisions, as amended through 2015

Nev. Rev. Stat. §§ 361.090(8), 361.091(10) and (11) Indexes both veteran property tax exemptions annually, so no statutory figure is ever current

Watching a later dateEnactedFigure moved

Standing indexing provisions, as amended through 2015Takes effect

NRS 361.090, subsection 8 and NRS 361.091, subsections 10 and 11 require the monetary amounts in both veteran property tax exemptions to be adjusted for each fiscal year by the percentage increase in a consumer price index from July 2003 to the July preceding the fiscal year, and require the Department of Taxation to give each county assessor the adjusted amount in writing on or before September 30 of each year. The statutory figures are $2,000 for the general veterans exemption and $10,000, $15,000 and $20,000 for the three disabled veteran tiers. The operative figures for fiscal year 2026-2027 are $3,640, $18,200, $27,300 and $36,400. Tracked as a standing figure movement rather than a single act because the amounts change every year without legislation, because every one of the statutory numbers is roughly 45 percent of the current one so quoting the statute understates the benefit by more than half, and because the two sections name different indexes: NRS 361.090, subsection 8 refers to the Consumer Price Index (All Items) without naming a region, while NRS 361.091, subsection 11 specifies the Consumer Price Index for All Urban Consumers, West Region (All Items). The two have moved by the same factor to date but nothing in the statutes requires that to continue, so the general and disabled exemptions could diverge. The figures in this catalog must be rechecked against the Department of Taxation notice each autumn.

Progress

The stages of this instrument have not been recorded yet. The official record below has its full history.

What it touches

  • Nev. Rev. Stat. § 361.090, subsection 8
  • Nev. Rev. Stat. § 361.091, subsections 10 and 11

Catalog entries (2)

Official record

Read Nev. Rev. Stat. §§ 361.090(8), 361.091(10) and (11) on the jurisdiction's own record