Bill
AB 455
Expands property tax exemptions to cover flags and portable flagpoles as personal property, and boosts veterans' exemptions by the assessed value of attached flagpoles.
Status & timeline
- Introduced: February 6, 2025. Referred to Revenue Committee March 17, 2025.
- Passed both houses; enrolled and presented to the Governor September 11, 2025.
- Approved by the Governor and chaptered as Chapter 263, Statutes of 2025 on October 3, 2025.
- Fiscal note: “May have fiscal impact” on local government; effect on the State: yes.
Purpose / intent
- To clarify and expand property tax exemptions by (1) exempting flags and certain flag‑display equipment from property taxation when they are personal property, and (2) increasing certain veterans’ property tax exemptions by including the assessed value of flagpoles that are fixtures or improvements to real property.
Key provisions
1. Amend NRS 361.069 (household goods exemption)
- Adds “flags, flagpoles that are not fixtures or improvements to real property and any other equipment for displaying a flag that is not a fixture or improvement to real property” to the list of household goods exempt from property taxation.
- Effect: freestanding or portable flagpoles and flag‑display equipment classified as personal property are exempt as household goods.
Amend NRS 361.090 (veteran exemption — basic)
Parallel change for disability and surviving‑spouse veteran exemptions
Who is affected
- Nevada residents who own flags, portable flagpoles, or flag‑display equipment that are personal property: these items become exempt as household goods.
- Veterans (and qualifying surviving spouses), including those entitled to the basic $2,000 (CPI‑adjusted) exemption and those with permanent service‑connected disability exemptions: owners of properties with attached flagpoles (fixtures) may have their exemption amount increased by the assessed value of the flagpole, reducing taxable assessed value.
- County assessors and local taxing entities: must determine when a flagpole is a fixture vs. personal property and apply the modified exemptions, which may reduce local property tax revenues.
Procedural/administrative notes
- Filing requirements for veteran exemptions remain governed by existing affidavit procedures (file with county assessor).
- The bill relies on existing constitutional authority permitting exemptions for household goods and for property in which certain veterans have an interest; it distinguishes personal property flag items (exempt) from flagpoles that are fixtures (typically taxable unless accounted for under the expanded veteran exemptions).
- No specific effective date is stated in the provided text; the measure was chaptered October 3, 2025. Local governments should review the chaptered act for any effective‑date language and guidance.
Potential fiscal impact
- Likely small reductions in taxable assessed value where portable flags/flagpoles are currently taxed or where flagpole fixtures are added to veteran exemptions. The fiscal note indicates there may be a fiscal impact on local government; exact amounts depend on how many properties and the assessed values of flagpole fixtures.
Compiled from official sources — confirm details with the bill’s official record.
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