1. 1. On or before the first Monday in October of each year, the Nevada Tax Commission shall:

   1. (a) Define the classifications of agricultural real property.
   2. (b) Except as otherwise provided in paragraph (c), determine the valuations for each classification on the basis provided in NRS 361.325.
   3. (c) Provide for the determination of the value of the land covered by a residence or necessary to support the residence in the same manner as other real property pursuant to NRS 361.227.
   4. (d) Prepare a bulletin listing all classifications and values thereof for the following assessment year.
2. 2. The county assessors shall classify agricultural real property utilizing the definitions and applying the appropriate values published in the Tax Commission’s bulletin.

(Added to NRS by 1975, 1758; A 1983, 1617; 1989, 1828)