The position works in the Centrally Assessed Section of the Division of Excise and Local Government Services within the Department of Taxation, Carson City. The Utility Valuation Analyst (UVA) performs complex appraisals of utility and transportation corporations in various industries for property tax purposes, using appraisal, accounting, and financial knowledge and skills; collects and analyzes industry and individual utility companies' financial data to develop value indicators of corporate value; prepares narrative summaries to substantiate value; develops and applies capitalization rate studies for each industry; interprets and explains statutes, codes, procedures, timeframes, methodologies, forms, reports, results, instructions, and penalties with regard to billing, collection and distribution of property taxes when requested by interested parties including taxpayers, legislators, Tax Commission, and local governments; and serves as expert witness regarding valuations and assessment. The UVA also assists in the appraisal of mines using advanced income approaches to value, including discounted cash flow models; and assists in the certification of net proceeds of minerals tax through desk review of financial reports.

Under general supervision, Utility Valuation Analysts appraise intercounty and interstate utilities and transportation companies for ad valorem tax purposes using appraisal, accounting and finance methods.

Bachelor's degree from an accredited college or university in accounting, business administration, finance, economics, or closely related field and three years of professional experience in the appraisal or assessment of real property which included one year of experience in the valuation of intercounty and interstate utilities and transportation companies for ad valorem purposes; OR Bachelor's degree from an accredited college or university in accounting, business administration, finance, economics, or closely related field and three years of professional financial and accounting experience which included the development, evaluation or revision of programs, organizations, methods, or procedures; OR an equivalent combination of education and experience as described above.

Collect and analyze industry and individual utility companies’ financial data to develop value indicators to estimate corporate value; prepare narrative summaries to substantiate value; develop and apply capitalization rate studies for each industry.

Examine company reports and statements to accurately allocate assessments and distribute taxes to local governments; develop methods to forecast revenue and communicate projections to be used in the local government budgeting process.

Compile assessment and valuation data into reports and bulletins to be reviewed by the Tax Commission and disseminate to corporate and government officials.

Interpret statutes, codes, policies, procedures, and results regarding valuation and assessments when requested by interested parties and as necessary to develop and apply valuation methodologies.

Inspect and examine company records to determine compliance with instructions, timeframes and accuracy.

Interpret and explain statutes, codes, procedures, timeframes, methodologies, forms, reports, results, instructions, and penalties with regard to billing, collection and distribution of property taxes when requested by interested parties, including taxpayers, legislators, Tax Commission, and local governments; and serve as expert witness regarding valuations and assessment.

Perform related duties as assigned.
Working knowledge of: accounting principles and financial accounting standards; legal terminology, documents and descriptions; preparation of accounting reports, balance sheets and income statements; corporate and shareholders’ reports and Security and Exchange Commission forms; federal reporting requirements for various commissions; other federal and State agencies’ reports, requirements and regulations such as the Public Utilities Commission of Nevada (PUCN) and the United States Environmental Protection Agency (EPA); stock and bond data sources such as Standard & Poor and Value Line; local assessors’ appraisal and taxing requirements, methods and reports; utility companies’ operations.

Ability to: organize, present and defend valuations before the public, Board of Equalization, company representatives, and Tax Commission; appraise property; read and understand financial reports; develop cost of capital studies.

Skill in: computer applications used in appraisal and financial analysis as well as billing, collection and distribution of taxes.

Recruiter Contact Information: Susan Ashely - q.ashley@admin.nv.gov