“In 1997, the Legislature enacted the Local Government Tax Distribution Account, referred to as the (Consolidated or) C-Tax (1997 Nev. Stat., ch. 660, §1, at 3278). The C-Tax is designed to fund local governments and their corresponding entities by ‘creat[ing] a … Continue reading →
Since we’ve elsewhere explained what consolidated taxes represent, here we examine whether IVGID, in particular, receives the proceeds from consolidated taxes? And if so, the amount. Take a look at page 7, Schedule B-9, of the District’s 2026-27 Budget. There … Continue reading →
Now that you know what are ad valorem taxes, here we examine whether GIDs have the power to levy and collect them? As elsewhere stated, GIDs are limited purpose special districts along the lines of vector control (mosquitos), library, fire, water, sewer and cemetery … Continue reading →
As elsewhere stated, general improvement districts (“GIDs”) are limited purpose special districts along the lines of vector control (mosquitos), library, fire, water, sewer and cemetery districts. In Nevada they are creatures of statute set forth at Title 25 addressed by Chapter NRS 318. So … Continue reading →
As we’ve elsewhere explained, according to NRS 318.225 general ad valorem real property taxes are the only ones GIDs are expressly authorized by statute to levy and collect. In fact, they’re the only basis for property taxation. NRS 318.225: instructs that GID “Boards shall … Continue reading →
In an exchange transaction “each party receives and gives up essentially equal values.” In an exchange-like transaction “the values exchanged, though related, may not be quite equal or in which the direct benefits may not be exclusively for the parties … Continue reading →
Yes there are. In Nevada the maximum tax rate “for all public purposes must not exceed $3.64 on each $100 of assessed valuation.” And increases in ad valorem taxes are limited by NRS 361.4723(1) inasmuch as the Legislature has “Declare(d) … Continue reading →
Since we’ve elsewhere established that general improvement districts (“GIDs”) have the power to levy and collect their own ad valorem taxes, here we examine whether IVGID, in particular, levies and collects an ad valorem tax? And if so, the amount. … Continue reading →
As we’ve elsewhere stated, GIDs have the express power to levy and collect ad valorem taxes. But do they have the power to pick and choose which parcels get taxed? Especially given the fact NRS 318.225 instructs that those taxes … Continue reading →