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County applies renewable energy exemption, approves major tax adjustments for large parcel
Summary
On Jan. 20 the Lincoln County Board applied the renewable energy exemption (NRS 701A.370) to APN 008-261-23, reducing land assessed values but approving supplemental assessments for assets that increase total assessed values and taxes to $320,222.87 (2024-25) and $529,102.77 (2025-26).
County staff presented tax-adjustment calculations for APN 008-261-23 under the renewable energy exemption per NRS 701A.370.
For the 2024–2025 tax year staff said the exemption reduces the land assessed value from $1,013,090 to $557,199, lowering land taxes from $30,377.50 to $16,707.61. A supplemental bill to capture assets on the parcel raises the assessed value for assets to $67,248,740 and taxes on those assets to $303,505.26, yielding a combined assessed value of $67,805,939 and a combined tax bill of $320,222.87. Commissioner Mike Reese moved to approve the adjustment; the board voted unanimously.
For the 2025–2026 tax year staff reported a similar land reduction (to $557,199) and said the supplemental asset assessment grows to $112,035,443 because a second phase became partially operational in December 2025; county staff said taxes for Jan.–June were calculated accordingly, producing total taxes due of $529,102.77. Commissioner Mike Reese again moved for approval and the motion carried unanimously.
The board recorded motions and approvals on both adjustments; no appeals or further litigation were raised during the meeting.
