Nev. Admin. Code § 361.934 - Payment in lump sum
If a titleholder chooses to pay in a lump sum:
1. The titleholder shall remit
payment within 90 days after the State Treasurer provides notice of the amount
of the lump sum. If the lump sum is not received by the State Treasurer within
that period, the State Treasurer will recalculate the cost of the
certificate.
2. The titleholder
will have the option of signing an agreement that the lump-sum cost may be
recalculated if improvements are made which increase the taxable value of the
property at least 20 percent over the taxable value of the property at the time
the lump-sum cost was determined. If the titleholder signs such an agreement,
the State Treasurer will reduce the lump-sum cost.
Notes
NRS 361.900, 361.920
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