Ad valorem taxes are taxes “On real property describe(d as) a general tax levy which applies a given (tax) rate to the assessed valuation of all taxable property within a particular taxing district. Such is the tax levied by a … 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 →
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 →