What is the purpose of the declaration?
The completed declaration provides most of the information needed to determine the taxable value of the business personal property. All personal property used for the business should be listed completely and accurately. The cost and year of acquisition should be listed on the declaration. The cost is defined as the purchase price of the item, including any applicable shipping and installation charges. The year of purchase or acquisition is needed so that the value of the property can be reduced by any applicable depreciation. The depreciation factors are based on expected life schedules prescribed by the Nevada Tax Commission through the Personal Property Manual.
2011-2012 Unsecured Roll Depreciation Schedule
NV State Dept of Taxation Personal Property Manual

Show All Answers

1. What is personal property?
2. What types of business personal property are exempt from taxation?
3. Who must file a business personal property declaration with the Assessor?
4. What is the purpose of the declaration?
5. When may a business expect a personal property tax bill?
6. How is the tax computed?
7. How do I obtain a business personal property declaration?
8. Where can I get assistance in completing the business personal property declaration?