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.