1. Residential property to the extent of $1,000 assessed valuation is exempt from taxation if the property: (a) Is owned and occupied by a resident of this state; (b) Contains a shelter for protection against radioactive fallout; (c) The shelter has sufficient space to protect the number of persons who normally occupy the residence; and (d) The shelter provides at least 40 times more protection against radiation to a person inside the shelter than to a person outside the shelter. 2. Any person claiming this exemption must file with the county assessor an affidavit declaring that: (a) The person is a resident of the State of Nevada; (b) The shelter meets the requirements of subsection 1; and (c) The person has not claimed a similar exemption for the current year in any other county in this state. (Added to NRS by 1981, 1179)
Nevada Legal Code