What Is a Declaration of Value (DOV) in Nevada?

Short Answer: A Nevada Declaration of Value is a form submitted with many deeds to report the value or claimed exemption for a real property transfer. It helps the county determine whether real property transfer tax is due and whether the deed can be accepted for recording.

Quick Take

• Often filed with the deed.
• Reports value or exemption basis.
• Important for transfer tax compliance.
• Incorrect DOV information can delay recording.

Why the DOV Matters

The recorder uses the DOV to evaluate transfer tax, exemptions, and recording compliance. It is part of the transaction package, not an afterthought.

Transfers That May Need Review

Sales, gifts, trust transfers, estate transfers, entity transfers, and family transfers may each raise different DOV and exemption issues.

Common Mistakes

Common mistakes include inconsistent names, missing exemption language, unclear consideration, and failure to coordinate the DOV with the deed.

Reno Example

A deed transferring property from a probate estate to heirs should be paired with a DOV that accurately reflects the transfer and any claimed exemption.

When to Call a Lawyer

Call if the transfer is not a straightforward arm’s-length sale or if you are claiming an exemption.

This page is general information, not legal advice. Nevada law changes and the result in any matter depends on the specific facts and documents. No attorney-client relationship is formed unless confirmed in a written engagement agreement.