Notice of Public Hearing: Fiscal Year 21-22 Budget and Tax Rate Adoption

Notice is hereby given that on Wednesday, May 19, 2021 at 8:45 a.m. in the Commission Chambers at the Pershing County Courthouse, 400 Main Street, Lovelock, Nevada, a public hearing will be held to adopt a budget and tax rate for PERSHING COUNTY for the fiscal year beginning July 1, 2021. The tentative budget has been prepared in such detail and on appropriate forms as prescribed by the Department of Taxation. Copies of the tentative budget are on file and available for public inspection at the offices of the Pershing County Recorder-Auditor and the Pershing County Clerk-Treasurer.

The public hearings for other governmental entities are as follows:

  • CITY OF LOVELOCK
    Tuesday, May 18, 2021 at 7:00 p.m.,
    Lovelock City Hall,
    400 14th Street, Lovelock, Nevada;
  • PERSHING COUNTY SCHOOL DISTRICT Wednesday, May 26, 2021 at 12:00 p.m. (noon),
    Pershing County School District Office Board Room,
    1150 Elmhurst Avenue, Lovelock, Nevada;
  • PERSHING GENERAL HOSPITAL DISTRICT
    Thursday, May 27, 2021 at 5:45 p.m.
    Pershing General Hospital Conference Room,
    850 6th Street, Lovelock, Nevada;
  • LOVELOCK MEADOWS WATER DISTRICT
    Thursday, May 20, 2021 at 5:15 p.m.
    Lovelock City Hall,
    400 14th Street, Lovelock, Nevada;
  • LOVELOCK VALLEY WEED DISTRICT
    Thursday, May 20, 2021 at 9:00 a.m.,
    Pershing County Commission Chambers, Courthouse,
    400 Main Street, Lovelock, Nevada;
  • UNINCORPORATED TOWN OF IMLAY and the PERSHING COUNTY TELEVISION DISTRICT
    Wednesday, May 19, 2021 at 8:45 a.m.,
    Pershing County Commission Chambers, Courthouse,
    400 Main Street, Lovelock, Nevada.

 

The purpose of the public hearings is to receive opinions from members of the public on the proposed budget and tax rates before final action is taken. The following is a list of the proposed tax rates for the various subdivisions in the county:

Subdivision Rate
County 1.3568
School .7500
School Debt .4000
Pershing General Hospital .4200
State of Nevada .1700
Combined County Rate 3.0968
Subdivision Rate
City of Lovelock .5624
Combined Rate (Lovelock) 3.6592*
Subdivision Rate
Town of Imlay .1500
Combined Rate (Imlay) 3.2468

The amount of revenue that a political subdivision is allowed to generate by taxes ad valorem except for debt service is limited by NRS 354.59811 as follows:

  • The tax rate must be set so that when applied to the current fiscal year's assessed valuation of all property which was taxed in the preceding fiscal year it will produce a 6 percent increase in revenue allowable from taxes ad valorem from the preceding fiscal year.
  • Assessed value of property is determined pursuant to NRS 361.227 by establishing a "taxable value" of property which is the market value for land added to the replacement costs for improvements, less all applicable depreciation and obsolescence.

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

  1. Operating rate (limited by NRS 354.59811) for each taxing entity.
  2. Debt rate for each taxing entity, which is a rate sufficient to generate revenues to pay principal and interest on the outstanding tax supported debt.
  3. 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.
  4. State rate which is a legislatively approved rate which is used to support special major statewide projects such as dams or state parks.

Generally, tax bills are calculated by taking the assessed value of your property and multiplying it by the tax rate for your district. However, NRS 361.4722 provides that tax liability in an amount not to exceed 8% over the prior year will be abated for all property other than 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 residential property and for qualifying residential rental property. New property receives no abatement in the first year of existence. Unless there is a change between the Tentative and the Final Budgets, for which additional notice will be given, the tax rates published here will be used to calculate your tax liability; however, your tax bill will reflect all applicable abatements.

Per AB-128 (NRS361.4545), information regarding the component taxes that form the total rate of tax levied upon property in the county may be obtained from the Pershing County website at www.pershingcountynv.gov (Clerk-Treasurer, Property Taxes, AB-128 and Tax Rates).

Further information regarding the assessed value of property may be obtained from the County Assessor, Laureen Basso-Cerini (775-273-2369). Information regarding tax rates may be obtained from the ex-officio tax receiver, Lacey Donaldson (775-273-2208). Both are located in the Pershing County Administration Building, 398 Main Street, Lovelock, Nevada.

*During the 2003 Legislature, laws were passed which increased the State Tax Rate by .02 from .15 to .17 and placed that .02 increase outside of the 3.64 statutory tax rate cap.