AB455

Nevada AB455 revises property tax exemptions for veterans and their surviving spouses, increasing the exemption amount to include the assessed.

Nevada AB455 amends the property tax exemption provisions for veterans and their surviving spouses by increasing the exemption amount to include the assessed valuation of flagpoles that are fixtures or improvements to real property. The bill specifies that the exemption applies to veterans who have served a minimum of 90 continuous days on active duty and have been honorably discharged, as well as to surviving spouses of such veterans who meet certain residency and marital requirements. The exemption amount is adjusted annually based on the Consumer Price Index.