Recorder's Office

Declaration of Value Form Guidance

1. Assessor Parcel Number(s) (APN) – List all parcel numbers affected by the property transfer. If more than 4 parcel numbers, attach a list with remaining numbers. To find your property’s APN, visit the Assessor’s website: washoecounty.gov/assessor.
2. Type of Property – Check one of the options. If “Other,” provide a description of the property. (i.e., Timeshare, Water Rights, etc.)
3. Total Value/Sales Price of Property:
   1. Total Value/Sales Price of Property
      • Show full purchase price of real property. If there is NO SALE and does not fall under an exemption, use the Assessor’s Taxable Total or the last sales price within the previous five years, whichever is greater (NRS 375.010).
      • Trustee’s deeds are taxable on the bid amount plus costs.
      • For Deeds in Lieu of Foreclosure, insert the Total Value. This is the amount of the unpaid debt. It is also the same amount that will appear on your 1099c.
   2. Deed in Lieu of Foreclosure Only (value of property)
      • Insert the fair market value of the property per NRS 375.010.
   3. Transfer Tax Value
      • Subtract line (b) from line (a) to determine taxable value. If the percentage of ownership being transferred is less than 100%, apply the percentage here. If the unpaid debt is greater than the fair market value of the property, the difference is taxable.
   4. Real Property Transfer Tax Due (RPTT)
      • RPTT is based on the value shown on line item (c). Tax is calculated at the statutory rate of $2.05 per each $500 or fraction thereof per NRS 375.
4. If Exemption Claimed:
   1. If claiming an exemption, please refer to exemptions listed in NRS 375.090 and insert exemption number here.
   2. 4b is a required field if claiming an exemption. Certain exemptions require supporting documentation at the time of recording.
5. Partial Interest – Percentage being transferred is required if the percentage is less than 100%.

Signature – One original signature is required.

Capacity – This field is the relationship of the person signing to the parties on the document. (i.e., Grantor, Grantee, Trustee, Attorney, Agent, etc.)

Seller (Grantor) and Buyer (Grantee) Information – Names and addresses of both parties must be filled out completely.

Company/Person Requesting Recording – This field must be completed if the party presenting the document for recording is neither the grantor nor the grantee.

This document will be imaged with the accompanied deed. NRS requires a Declaration of Value Form and the amount of tax paid on the recording stamp for all property transfers.