Who Must File a Personal Property Declaration with the Assessor? To calculate taxable value using the Personal Property Manual, the assessor completes three steps: â–« Select the appropriate expected life table,.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. Page provides an overview of taxable (assessable) property. Describes why you received a Notice to File Letter and describes filing options. "Generate a tailored demand letter to retrieve your personal property. NRS 361.325 Nevada Tax Commission to establish valuations of mobile homes and land; property escaping taxation to be placed on assessment roll. 1. Business taxpayers must complete the form upon starting a new business and must declare all additions and deletions in personal property annually. Aircraft Declaration Form.