Nev. Admin. Code § 361.352
Current through December 12, 2024
"Possessory interest" means a type of ownership or partial ownership of the total fee. In financial terminology it is the portion of the equity in a business enterprise which is expressed in terms of dollars invested. In valuation it is frequently encountered where government property is rented or leased to a taxable occupant.
Nev. Admin. Code § 361.352
NRS 360.090, 361.320