CNTY. OF CLARK v. LB PROPS., INC.

No. 57082.

315 P.3d 294 (2013)

COUNTY OF CLARK, Nevada, and Mark Schofield, In his Official Capacity as Clark County Assessor, Appellants, v. LB PROPERTIES, INC., An Illinois Corporation, Respondent.

Supreme Court of Nevada.

December 12, 2013.


Attorney(s) appearing for the Case

Steven B. Wolfson , District Attorney, and Paul D. Johnson , Deputy District Attorney, Clark County, for Appellants.

Lionel Sawyer & Collins and William J. McKean , Reno; Frazer Ryan Goldberg & Arnold LLP and Douglas S. John , Phoenix, Arizona, for Respondent.

BEFORE THE COURT EN BANC.


OPINION1

By the Court, PICKERING, C.J.:

In this appeal we consider whether a regulation promulgated by the Nevada Tax Commission to value remainder parcels of real property for tax abatement purposes applies retroactively.

I.

In 2005, the Legislature enacted NRS 361.4722, which caps real property taxes by providing partial tax abatements calculated with reference to assessed valuations for the preceding...

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