Statutes > Nevada Statutes > TITLE 32 - REVENUE AND TAXATION > Chapter 361 - Property Tax > ASSESSMENT > Taxable and Exempt Property > 361.0605 - Property related to public use of privately owned park exempted; exclusion.

361.0605 - Property related to public use of privately owned park exempted; exclusion.

361.0605  Property related to public use of privately owned park exempted; exclusion.

      1.  The acquisition, improvement or use of land by the public as a park is a municipal purpose, whether or not the park is owned or operated by a local government.

      2.  The real property and improvements of a privately owned park which, pursuant to an agreement with a local government, are used by the public without charge, excluding areas from which income is derived, are exempt from taxation.

      (Added to NRS by 1995, 1881)