Any partial abatements and partial exemptions to which a person may be entitled from the taxes imposed pursuant to this chapter must be applied in the following order of priority:
1. Any partial abatement to which the person is entitled pursuant to NRS 361.4722, 361.4723 or 361.4724.
2. Any partial exemptions to which the person is entitled.
3. Any partial abatements to which the person is entitled other than a partial abatement described in subsection 1.