Yes there are.

In Nevada the maximum tax rate “for all public purposes must not exceed $3.64 on each $100 of assessed valuation.”¹ And increases in ad valorem taxes are limited by NRS 361.4723(1) inasmuch as the Legislature has

“Declare(d) that an increase in the tax bill of the owner of a…single-family residence which is the primary residence of the owner is entitled to a partial abatement of the ad valorem taxes…by (no) more than 3 percent over the tax bill of that homeowner for the previous year constitutes a severe economic hardship within the meaning of subsection 10 of Section 1 of Article 10 of the Nevada Constitution.”

If neither a single family residence, nor the primary single family residence of the owner, he/she/it is entitled

“To a partial abatement of the ad valorem taxes levied in a county on that property each fiscal year equal to the amount by which the product of the combined rate of all ad valorem taxes levied in that county on the property for that fiscal year and the amount of the assessed valuation of the property which is taxable in that county for that fiscal year, excluding any increase in the assessed valuation of the property from the immediately preceding fiscal year as a result of any improvement to or change in the actual or authorized use of the property, exceeds the sum (of)…eight percent.”²

There’s a second form of limitation. Although NRS 318.230(1) allows GID Boards to

“Determine, in each year, the amount of money necessary to be raised by taxation…and shall fix a rate of levy which, when levied upon every dollar of assessed valuation of taxable property within the district, and together with other revenues, will raise the amount required by the district annually to supply money,”

GID Boards are not free to determine any amount of their choosing. Because NRS 361.445 instructs that

“The assessment made by the county assessor and…the Department (of Taxation must be)…equalized (i.e., adjusted) according to law…the county board of equalization shall seek to equalize taxable valuation within the geographic vicinity of the subject property, as well as the whole county.”³ In other words, “to ensure that the property in this State is assessed uniformly in accordance with the methods of appraisal and at the level of assessment required by law.”⁴

And now you know!

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1. See NRS 361.453(1).
2. See NRS 361.4722(1).
3. See NAC 361.624.
4. See NAC 361.652.