Proposes to amend the Nevada Constitution to revise certain provisions relating to property taxes. (BDR C-185)

This bill proposes a constitutional amendment to change Nevada's property tax assessment rules after a home sale. For the first year following a property sale or transfer, owners cannot receive tax adjustments based on the age of improvements (like homes or buildings) or certain tax abatements. In all subsequent years, tax calculations must treat the property's improvements as "new" from the date of sale. This directly affects residential property owners who buy or sell homes, altering how their annual property taxes are calculated.