Section 361.793 - "Entity-adjusted parcel tax rate increase" defined"Entity-adjusted parcel tax rate increase" means:
1. Except as otherwise provided in subsection 2, the remainder obtained by subtracting the entity-adjusted parcel tax rate of a taxing entity applicable to a parcel or other taxable unit of property for the immediately preceding fiscal year from the entity-adjusted parcel tax rate of that taxing entity applicable to that property for the current fiscal year; or2. If the remainder determined pursuant to subsection 1 is a negative number, zero.Nev. Admin. Code § 361.793
Added to NAC by Com. on Local Gov't Finance by R022-08, 4-17-2008, eff. 7-1-2008