Nev. Admin. Code § 361.266

Current through December 12, 2024

Section 361.266 - "Depreciation" defined

"Depreciation," in an appraisal sense, means the loss in value of an item due to all causes. Sometimes it is meant to be physical deterioration, but in a strict sense it would include functional and economic obsolescence.

Tax Comm'n, Property Tax Reg. part No. 15, eff. 10-30-79

NRS 360.090, 361.320