Nev. Admin. Code § 361.109

Current through November 8, 2024

Section 361.109 - "Allocation method" defined

"Allocation method" means a method used to value land, in the absence of a sufficient number of sales of vacant land, by estimating a typical ratio of land to total value and applying that ratio to comparable improved properties to determine the value that the land contributes to the total value of the subject property.

Nev. Admin. Code § 361.109

Added to NAC by Tax Comm'n by R031-03, eff. 8-4-2004; A by R039-10, 8-13-2010, eff. 7-1-2012

NRS 360.090, 360.250