To calculate taxable value using the Personal Property Manual, the assessor completes three steps: â–« Select the appropriate expected life table,. Personal property is taxable whether it is owned, leased, rented, loaned, or otherwise made available to the business.In Nevada, for purposes of real property appraisal, depreciation is calculated at 1.5 percent of the cost of replacement for each year up to 50 years. In Nevada, property taxes are based on "assessed value. Page provides an overview of taxable (assessable) property. Describes why you received a Notice to File Letter and describes filing options. According to Nevada Revised Statutes, all property that is not defined or taxed as "real estate" or "real property" is considered to be "personal property. Nevada laws carve out a long list of property exempt from execution. File the completed forms with the clerk of the Justice Court where your eviction hearing took place.
