Section 361.429 - Reconciliation of indicators of value1. Immediately related to the valuation process is the reconciliation of one or more indicators of value to reach the final estimate of value for the system.2. For multiple departmental companies, when considered applicable, the utility analyst will either reconcile the indicators of value for allocation of the value of the system to the value to the various departments, or use the adopted Western States Association of Tax Administrators formulas, approved by the Executive Director of the Department, to allocate the Department and stock and debt values based on the cost and income data.3. The utility analyst will reconcile in writing to the taxpayer the relative significance, applicability and defensibility of the indication of value derived from each approach to arrive at, in the utility analyst's professional judgment, the appropriate final estimate of value for the system.4. The utility analyst will reconcile, in writing to the taxpayer, the facts, trends and observations developed in the analysis and review the conclusion and the probable validity and reliability of the conclusion.Nev. Admin. Code § 361.429
Added to NAC by Tax Comm'n, eff. 9-30-88