Disqualification of property.
1. The county assessor shall enter on the assessment roll the valuation based on open-space use until the property becomes disqualified for open-space use assessment by:
(a) Notification by the applicant to the assessor to remove the open-space use assessment;
(b) Sale or transfer to an owner making it exempt from ad valorem property taxation;
(c) Removal of the open-space use assessment by the assessor, with the concurrence of the board, upon discovery that the property is no longer in the approved open-space use; or
(d) Failure to file a new application as provided in NRS 361A.190.
2. Except as otherwise provided in paragraph (b) of subsection 1, the sale or transfer to a new owner or transfer by reason of death of a former owner does not operate to disqualify open-space real property from open-space use assessment so long as the property continues to be used exclusively for an approved open-space use, if the new owner applies for open-space use assessment in the manner provided in NRS 361A.190.
3. Whenever open-space real property becomes disqualified under subsection 1, the county assessor shall send a written notice of disqualification by certified mail with return receipt requested to each owner of record. The notice must contain the assessed value for the ensuing fiscal year.
Last modified: February 27, 2006