Section 361.125 - Improvement: Initial taxable value1. In determining the initial taxable value of an improvement, the rate of depreciation is set forth in NRS 361.227.2. If obsolescence, deterioration or wear and tear causes the taxable value calculated pursuant to subsection 1 to exceed the full cash value of the improvements, the additional depreciation and obsolescence may be calculated separately.Nev. Admin. Code § 361.125
Added to NAC by Tax Comm'n by R031-03, eff. 8-4-2004NRS 360.090, 360.250, 361.227