Sale or lease of certain real property: Determination that sale or lease is in best interest of county; notice; appraisal; exceptions; second offering; evaluation for use of real property for development of attainable housing; effect of sale or lease in violation of section.
Nev. Rev. Stat. § 244.281
in effect1. Except as otherwise provided in this section and NRS 244.189 , 244.276 , 244.279 , 244.2815 , 244.2825 , 244.2833 , 244.2835 , 244.284 , 244.287 , 244.290 , 278.479 to 278.4965 , inclusive, and subsection 3 of NRS 496.080 , except as otherwise required by federal law, except as otherwise required pursuant to a cooperative agreement entered into pursuant to NRS 277.050 or 277.053 or an interlocal agreement in existence on or before October 1, 2004, except if the board of county commissioners is entering into a joint development agreement for real property owned by the county to which the board of county commissioners is a party, except for a lease of residential property with a term of 1 year or less, except for the sale or lease of real property to a public utility, as defined in NRS 704.020 , to be used for a public purpose and except for the sale or lease of real property larger than 1 acre which is approved by the voters at a primary or general election or special election:
(a) When a board of county commissioners has determined by resolution that the sale or lease of any real property owned by the county will be for purposes other than to establish, align, realign, change, vacate or otherwise adjust any street, alley, avenue or other thoroughfare, or portion thereof, or flood control facility within the county and will be in the best interest of the county, it may:
(1) Sell the real property in the manner prescribed for the sale of real property in NRS 244.282 .
(2) Lease the real property in the manner prescribed for the lease of real property in NRS 244.283 .
(b) Before the board of county commissioners may sell or lease any real property as provided in paragraph (a), it shall:
(1) Post copies of the resolution described in paragraph (a) in three public places in the county; and
(2) Cause to be published at least once a week for 3 successive weeks, in a newspaper qualified under chapter 238 of NRS that is published in the county in which the real property is located, a notice setting forth:
(I) A description of the real property proposed to be sold or leased in such a manner as to identify it;
(II) The minimum price, if applicable, of the real property proposed to be sold or leased; and
(III) The places at which the resolution described in paragraph (a) has been posted pursuant to subparagraph (1), and any other places at which copies of that resolution may be obtained.
Ê If no qualified newspaper is published within the county in which the real property is located, the required notice must be published in some qualified newspaper printed in the State of Nevada and having a general circulation within that county.
(c) Except as otherwise provided in this paragraph and paragraph (h), if the board of county commissioners by its resolution further finds that the real property to be sold or leased is worth more than $1,000, the board shall select two or more disinterested, competent real estate appraisers pursuant to NRS 244.2795 to appraise the real property. If the board of county commissioners holds a public hearing on the matter of the fair market value of the property, one disinterested, competent appraisal of the real property is sufficient before selling or leasing it. Except for real property acquired pursuant to NRS 371.047 , the board of county commissioners shall not sell or lease it for less than:
(1) If two independent appraisals were obtained, the average of the appraisals of the real property.
(2) If only one independent appraisal was obtained, the appraised value of the real property.
(d) If the real property is appraised at $1,000 or more, the board of county commissioners may:
(1) Lease the real property; or
(2) Sell the real property either for cash or for not less than 25 percent cash down and upon deferred payments over a period of not more than 10 years, secured by a mortgage or deed of trust, bearing such interest and upon such further terms as the board of county commissioners may specify.
(e) A board of county commissioners may sell or lease any real property owned by the county without complying with the provisions of NRS 244.282 or 244.283 to:
(1) A person who owns real property located adjacent to the real property to be sold or leased if the board has determined by resolution that the sale will be in the best interest of the county and the real property is a:
(I) Remnant that was separated from its original parcel due to the construction of a street, alley, avenue or other thoroughfare, or portion thereof, flood control facility or other public facility;
(II) Parcel that, as a result of its size, is too small to establish an economically viable use by anyone other than the person who owns real property adjacent to the real property for sale or lease; or
(III) Parcel which is subject to a deed restriction prohibiting the use of the real property by anyone other than the person who owns real property adjacent to the real property for sale or lease.
(2) The State or another governmental entity if:
(I) The sale or lease restricts the use of the real property to a public use; and
(II) The board adopts a resolution finding that the sale or lease will be in the best interest of the county.
(f) A board of county commissioners that disposes of real property pursuant to paragraph (d) is not required to offer to reconvey the real property to the person from whom the real property was received or acquired by donation or dedication.
(g) If real property that is offered for sale or lease pursuant to this section is not sold or leased at the initial offering of the contract for the sale or lease of the real property, the board of county commissioners may offer the real property for sale or lease a second time pursuant to this section. The board of county commissioners must obtain a new appraisal or appraisals, as applicable, of the real property pursuant to the provisions of NRS 244.2795 before offering the real property for sale or lease a second time if:
(1) There is a material change relating to the title, the zoning or an ordinance governing the use of the real property; or
(2) The appraisal or appraisals, as applicable, were prepared more than 6 months before the date on which the real property is offered for sale or lease the second time.
(h) If real property that is offered for sale or lease pursuant to this section is not sold or leased at the second offering of the contract for the sale or lease of the real property, the board of county commissioners may list the real property for sale or lease at the appraised value or average of the appraised value if two or more appraisals were obtained, as applicable, with a licensed real estate broker, provided that the broker or a person related to the broker within the first degree of consanguinity or affinity does not have an interest in the real property or an adjoining property. If the appraisal or appraisals, as applicable, were prepared more than 6 months before the date on which the real property is listed with a licensed real estate broker, the board of county commissioners must obtain one new appraisal of the real property pursuant to the provisions of NRS 244.2795 before listing the real property for sale or lease at the new appraised value.
2. Before approving the sale or lease of real property owned by the county for the development of attainable housing, in addition to complying with the provisions of subsection 1, the board of county commissioners shall evaluate the capacity and commitment of the developer to provide long-term benefits to the county in a manner that promotes transparency and does not interfere with equitable competition. The developer shall submit to the board of county commissioners:
(a) Information that sets forth:
(1) The number of employees of the developer or any affiliate of the developer who are residents of this State; and
(2) The number of households in this State who live in attainable housing units that are owned or managed by the developer or any affiliate of the developer;
(b) A description of any previous project for which the developer received federal low-income housing tax credits, as defined in NRS 360.863 , with documentation of compliance with any federal requirements; and
(c) A description of any previous project where the developer has obtained additional federal low-income housing tax credits, as defined in NRS 360.863 , or alternative financing for the rehabilitation or resyndication of attainable housing. The description must include, without limitation, the name, location, number of units and cost per unit of the attainable housing.
3. If real property is sold or leased in violation of the provisions of this section:
(a) The sale or lease is void; and
(b) Any change to an ordinance or law governing the zoning or use of the real property is void if the change takes place within 5 years after the date of the void sale or lease.
4. As used in this section:
(a) Attainable housing has the meaning ascribed to it in NRS 278.0105 .
(b) Flood control facility has the meaning ascribed to it in NRS 244.276 .
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-244.htmlFetched: 10/4/2026