Carson City legal - 23698

Share this: Email | Facebook | X

PUBLIC NOTICE

THIS IS AN INFORMATIONAL NOTICE ONLY

NOT A BILL FOR TAXES OWED

Notice is hereby given that on the following date, a public hearing will be held to adopt a budget

and tax rate for Carson City for the fiscal year beginning July 1, 2022.

The purpose of this public hearing is to receive opinions from members of the public on the

tentative budget and tax rates before final action is taken. Copies of the tentative budget will be

available for public inspection at the Carson City Finance Department, 201 N. Carson Street,

Suite 3, Carson City, Nevada.

PUBLIC HEARING FOR TENTATIVE BUDGET:

DATE: May 19, 2022 PLACE: C.C. Community Center

TIME: 8:30 A.M. Robert “Bob” Crowell Board Room

851 East William St

Carson City, NV 89701

TAX RATES

The following is a list of the proposed tax rates for the 2022-2023 fiscal year beginning July 1,

2022. Unless there is a change between the Tentative and the Final Budgets, for which additional

notice will be given, these tax rates will be used to calculate your tax liability; however, your tax bill

will reflect all applicable abatements.

Tax Rate per $100 Assessed Valuation

Actual Proposed

FY 2020-2021 FY 2022-2023

Carson City Operating 1.9040 1.9053

Regional Juvenile Facility 0.0582 0.0569

Cooperative Extension 0.0128 0.0128

Carson City Senior Citizens 0.0500 0.0500

Accident Indigent Fund 0.0150 0.0150

Medical Indigent 0.1000 0.1000

Capital Projects (Equip.) 0.0500 0.0500

School Operating 0.7500 0.7500

School Debt 0.4300 0.4300

State of Nevada 0.1700 0.1700

Carson Water Sub-Conservancy 0.0300 0.0300

TOTAL 3.5700 3.5700

LIMITATIONS ON REVENUES OF LOCAL GOVERNMENTS

The amount of revenue that a political subdivision is allowed to generate by taxes ad valorem

except for debt service is limited by Nevada Revised Statute (NRS) 354.59811. In general, a local

government cannot receive an increase in property tax revenue of more than 6 percent over the

maximum revenue allowed for the prior year (excluding new construction). Local government

revenues are also limited by the partial tax abatements established by the Nevada Legislature in

2005 which cap the increases in total property taxes paid annually. NRS 361.4722 provides that

tax liability in excess of 8% over the prior year will be abated for non-residential property. NRS

361.4723 and NRS 361.4724 provide that tax liability in excess of 3% over the prior year will be

abated for single-family residences and for qualifying residential rental property.

ASSESSMENT OF PROPERTY

NRS 361.225 mandates that all property subject to taxation must be assessed at 35% of its taxable

value. The taxable value of the property is determined pursuant to NRS 361.227.

Vacant land is appraised at full cash value by considering its location and the uses to which it

may lawfully be put. The taxable value of improved land is determined by considering the use to

which the improvements are being put. The improvements are valued at present replacement cost

less all applicable depreciation. Statutory depreciation is calculated at 1.5 percent of the current

replacement cost for each year to a maximum of 50 years. Personal property is appraised based

on cost, the year acquired, and its estimated useful life as determined by schedules established by

the Nevada Tax Commission.

DETERMINATION OF COMBINED TAX RATES

The combined tax rate for taxes ad valorem is calculated as follows:

a. Operating rate (limited by NRS 354.59811) for each taxing entity.

b. Debt rate for each taxing entity, which is a rate sufficient to generate the

revenue to pay principal and interest on the outstanding tax-supported debt.

c. Combined school rate which includes a legislatively approved operating rate for all

schools in the state and the debt rate for each individual school district.

d. State rate which is a legislatively approved rate that is used to support state bonds and

special major statewide projects such as dams or state parks.

Due to the change enacted by AB 46 (effective May 24, 2011), charges for certain groundwater

basins are no longer included as a part of this combined tax rate and will be shown as a separate

line item on your tax bill.

Further information regarding the assessed value of property or tax rates may be obtained from the

Carson City Assessor, David A. Dawley, 201 North Carson St., Suite 6, Carson City, Nevada (775)

887-2130 or the Carson City Treasurer, and Ex-Officio Tax Receiver Andrew Rasor, 201 North

Carson St., Suite 5, Carson City, Nevada (775) 887-2092 or at www.carson.org.

Pub: April 30, 2022 Ad#23698