{"data":{"id":"us-nv/nrs-353.620","jurisdiction":"us-nv","citation":"NRS 353.620","heading":"Property subject to agreement exempt from ad valorem property taxation in certain circumstances.","body":"While an agreement entered into pursuant to NRS 353.500 to 353.630, inclusive, is in effect, the property that is the subject of the agreement is exempt from ad valorem property taxation by this State and its political subdivisions if:\n1. An improvement is being constructed on the property pursuant to the agreement; or\n2. This State or a state agency is in possession of the property.","path":["TITLE 31 — PUBLIC FINANCIAL ADMINISTRATION","CHAPTER 353 - STATE FINANCIAL ADMINISTRATION","INSTALLMENT-PURCHASE AND LEASE-PURCHASE AGREEMENTS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-353.html#NRS353Sec620","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:37Z","sha256":"10b8a3ccdec38d50b537cc9b5d5a9e8fef4650a07789fb0b0f958a8337d82ba6","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-353.610","next":"us-nv/nrs-353.630"},"notice":"GroundRules: Original legal text. Not legal advice."}