NRS 361.603
Acquisition by local government or Nevada System of Higher Education of property held in trust.

1.

Any local government or the Nevada System of Higher Education may, in the manner provided in this section, acquire property held in trust by the treasurer of the county in which the local government or any part of the System is located by virtue of any deed made pursuant to the provisions of this chapter.

2.

Whenever any local government or the Nevada System of Higher Education determines that a public purpose may be served by the acquisition of the property, it may make application to the board of county commissioners for permission to acquire the property. If the board of county commissioners approves the application, it shall direct the county treasurer to give notice of intent to sell to the last known owner or heirs or devisees of the last known owner of the property in the manner provided by law.

3.

The last known owner may, within 90 days after the notice, redeem the property by paying to the treasurer the amount of the delinquent taxes, plus penalties, interest and costs.

4.

If the owner fails to redeem the property within the time allowed, the county treasurer shall transfer the property to the local government or the Board of Regents of the University of Nevada upon receiving from it the amount of the delinquent taxes, except as otherwise provided in subsection 5.

5.

If property is so transferred to a local government for street, sewer or drainage uses, for use in a program for the rehabilitation of abandoned residential properties established by the local government pursuant to chapter 279B of NRS, or for use as open-space real property as designated in a city, county or regional comprehensive plan, the delinquent taxes need not be paid.

6.

As used in this section, “open-space real property” has the meaning ascribed to it in NRS 361A.040.

Source: Section 361.603 — Acquisition by local government or Nevada System of Higher Education of property held in trust., https://www.­leg.­state.­nv.­us/NRS/NRS-361.­html#NRS361Sec603.

361.565
Publication of notice of delinquent taxes: Time, manner and costs of publication 361.567
Expedited procedure for sale of abandoned property 361.570
Trustee’s certificate: Issuance to county treasurer 361.577
Costs of abating nuisance chargeable against property held by county treasurer. 361.580
Accounting by tax receiver to county auditor following period for redemption 361.585
Execution and delivery of deeds to county treasurer as trustee after period of redemption 361.590
Contents, recordation and effect of deeds to county treasurer as trustee after period of redemption 361.595
Conveyances of property held in trust by county treasurer: Procedure 361.600
Limitation of action to recover land sold for taxes. 361.603
Acquisition by local government or Nevada System of Higher Education of property held in trust. 361.604
Acquisition by Indian tribe of property held in trust. 361.605
Rental of property held in trust 361.606
Leases for development of oil, gas and geothermal resources: Authority to lease property held in trust. 361.607
Leases for development of oil, gas and geothermal resources: Procedure for leasing. 361.608
Leases for development of oil, gas and geothermal resources: Term of lease. 361.610
Disposition of amounts received from sale price, rents or redemption of property held in trust 361.615
Liability of county treasurer for failure to perform duties of trust. 361.620
Payment of penalties, interest and costs into county general fund. 361.5648
Mailing of notice of delinquent taxes: Duties of tax receiver
Last Updated

Jun. 24, 2021

§ 361.603’s source at nv​.us