Nev. Admin. Code § 361.1125

Current through June 11, 2024

Section 361.1125 - "Expected absorption period" defined

"Expected absorption period" means the length of time within which all the parcels in a qualified subdivision may reasonably be expected to be sold, rented or occupied if they are actively marketed. The period begins on July 1 of the year for which the tax on the parcels is levied and ends on the date determined by the county assessor.

Nev. Admin. Code § 361.1125

Added to NAC by Tax Comm'n, eff. 11-14-88

NRS 360.090, 360.250