Page provides an overview of taxable (assessable) property. Describes why you received a Notice to File Letter and describes filing options.To calculate the taxable value of personal property, NAC 361.1371 and NAC 361.1375 require the assessor to determine four input values: â–« Acquisition cost. Any change in name, location, or ownership of the business must be reported. 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.". Nevada law requires a declaration of personal property to be filed no later than July 31, 2024, or within. What is business personal property? What are examples of inventory and supplies?