Nev. Admin. Code § 361A.420

Current through November 8, 2024

Section 361A.420 - Golfing improvements: Calculation of factor for obsolescence

For the purposes of subsection 3 of NAC 361A.400, a county assessor shall:

1. Determine the number of rounds of golf played on a golf course during the 12-month period ending on June 30 immediately preceding the date of valuation;

2. Determine the number of rounds of golf played on that golf course during the busiest month of that period;

3. Multiply the number determined pursuant to subsection 2 by 12;

4. Divide the number determined pursuant to subsection 1 by the number determined pursuant to subsection 3; and

5. Apply the figure determined pursuant to subsection 4 as the factor for the obsolescence of the golfing improvements.

Nev. Admin. Code § 361A.420

Added to NAC by Tax Comm'n by R010-07, eff. 10-31-2007

NRS 360.090, 360.250, 361A.225