Nev. Admin. Code § 361.1206

Current through November 8, 2024

Section 361.1206 - Land: Regression analysis

When using regression analysis to derive the value of land, a county assessor must:

1. Base that analysis on the principle of contribution to value, pursuant to which the major characteristics of a site and any improvements must be analyzed to determine how much each component characteristic contributes to value.

2. Apply that analysis in accordance with the requirements of NAC 361.1216.

Nev. Admin. Code § 361.1206

Added to NAC by Tax Comm'n by R039-10, 8-13-2010, eff. 7-1-2012

NRS 360.090, 360.250, 361.227