NRS 371.060
Schedules for depreciation

  • minimum amount of tax.

1.

Except as otherwise provided in subsection 2, subsection 2 of NRS 371.040 and NRS 482.2155, each vehicle must be depreciated by the Department for the purposes of the annual governmental services tax according to the following schedule:
Percentage of
Age Initial Value
[Text not available]
New.............................................................................................................. 100 percent
1 year............................................................................................................. 95 percent
2 years........................................................................................................... 85 percent
3 years........................................................................................................... 75 percent
4 years........................................................................................................... 65 percent
5 years........................................................................................................... 55 percent
6 years........................................................................................................... 45 percent
7 years........................................................................................................... 35 percent
8 years........................................................................................................... 25 percent
9 years or more............................................................................................. 15 percent
[Text not available]

2.

Except as otherwise provided in subsections 2 and 3 of NRS 371.040, each bus, truck or truck-tractor having a declared gross weight of 10,000 pounds or more and each trailer or semitrailer having an unladen weight of 4,000 pounds or more must be depreciated by the Department for the purposes of the annual governmental services tax according to the following schedule:
Percentage of
Age Initial Value
[Text not available]
New.............................................................................................................. 100 percent
1 year............................................................................................................. 85 percent
2 years........................................................................................................... 69 percent
3 years........................................................................................................... 57 percent
4 years........................................................................................................... 47 percent
5 years........................................................................................................... 38 percent
6 years........................................................................................................... 33 percent
7 years........................................................................................................... 30 percent
8 years........................................................................................................... 27 percent
9 years........................................................................................................... 25 percent
10 years or more........................................................................................... 23 percent
[Text not available]

3.

Notwithstanding any other provision of this section, the minimum amount of the governmental services tax:

(a)

On any trailer having an unladen weight of 1,000 pounds or less is $3; and

(b)

On any other vehicle is $16.

4.

For the purposes of this section, a vehicle shall be deemed a “new” vehicle if the vehicle has never been registered with the Department and has never been registered with the appropriate agency of any other state, the District of Columbia, any territory or possession of the United States or any foreign state, province or country.

Source: Section 371.060 — Schedules for depreciation; minimum amount of tax., https://www.­leg.­state.­nv.­us/NRS/NRS-371.­html#NRS371Sec060.

371.010
Short title. 371.020
Definitions. 371.030
Basic governmental services tax: Imposition. 371.040
Basic governmental services tax: Annual amount. 371.043
Supplemental governmental services tax: Imposition, collection and use of proceeds by county whose population is 100,000 or more but less than 700,000. 371.045
Supplemental governmental services tax: Imposition, collection and use of proceeds by county whose population is less than 100,000 or is 700,000 or more. 371.047
Supplemental governmental services tax: Use of proceeds for certain purposes related to construction of highway with limited access. 371.050
Valuation of vehicles. 371.060
Schedules for depreciation 371.070
Reduction for initial registration of certain vehicles after beginning of period of registration. 371.080
Reduction on cessation of exemption of certain vehicles because of change of ownership. 371.085
Proration of tax by interstate motor carrier. 371.090
Computation of tax and penalty. 371.100
Exemption of certain governmental vehicles, emergency vehicles and vehicles operated with public money 371.101
Exemption of vehicle registered by surviving spouse. 371.102
Exemption of vehicle registered by person who is blind. 371.103
Exemption of vehicle registered by veteran 371.104
Exemptions for veteran with a disability and surviving spouse 371.105
Time for claiming exemption and making designation 371.106
Owner to notify Department of cessation of exemption 371.107
Duties of county assessor in county whose population is 55,000 or more. 371.110
Due date. 371.120
Collection 371.125
Designation of county assessor of county whose population is less than 55,000 as agent to assist in collection of tax and administration of exemptions. 371.130
Delinquency. 371.140
Penalty for delinquency 371.150
Collection of current tax 371.160
Effect of failure of bank to pay check in payment of tax or penalty on first presentation. 371.170
Exemption from penalty when vehicle repossessed 371.180
Waiver of penalties accruing before transfer of vehicle. 371.190
Lien on vehicle for delinquent tax 371.200
Notice to legal owner before sale of vehicle. 371.210
Payment of tax, penalties and costs by legal owner before sale 371.220
Refund of tax or penalty erroneously collected. 371.230
Deposit of money collected to credit of Motor Vehicle Fund. 371.1035
Waiver of veteran’s exemption
Last Updated

Jun. 24, 2021

§ 371.060’s source at nv​.us