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.". 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.To calculate taxable value using the Personal Property Manual, the assessor completes three steps: â–« Select the appropriate expected life table,. The actual location of the property must be reported and listed separately for each individual location. Page provides an overview of taxable (assessable) property. Describes why you received a Notice to File Letter and describes filing options. These items, ranging from family heirlooms to everyday objects, carry both monetary and sentimental value, making them an integral part of estate planning.