Nev. Admin. Code § 361.115

Current through December 12, 2024

Section 361.115 - "Land residual technique" defined

"Land residual technique" means a method used to estimate the value of land from a knowledge of normal net income, the discount rate, the remaining economic life of the property and the full contributory value of any improvements and nonrealty items. The method isolates a measurable income stream attributable to the improvements and then estimates the value of the land by capitalizing the income stream attributable to the land.

Nev. Admin. Code § 361.115

Added to NAC by Tax Comm'n by R031-03, eff. 8-4-2004

NRS 360.090, 360.250