Section 361.803 - "Parcel share of base value" defined"Parcel share of base value" means, for a parcel or other taxable unit of property located in a:
1. Redevelopment area, the product obtained by multiplying the base value of the taxable property in the redevelopment area, as determined in accordance with the provisions of paragraph (a) of subsection 1 of NRS 279.676, by the quotient obtained by dividing the parcel effective assessed value of that parcel or other taxable unit of property by the sum of the parcel effective assessed values of all the parcels and other taxable units of property in that redevelopment area.2. Tax increment area, the product obtained by multiplying the base value of the taxable property in the tax increment area, as determined in accordance with the provisions of paragraph (a) of subsection 1 of NRS 278C.250, by the quotient obtained by dividing the parcel effective assessed value of that parcel or other taxable unit of property by the sum of the parcel effective assessed values of all the parcels and other taxable units of property in that tax increment area.Nev. Admin. Code § 361.803
Added to NAC by Com. on Local Gov't Finance by R022-08, 4-17-2008, eff. 7-1-2008