Nev. Admin. Code § 361.109 — 361.109

NAC 361.109    “Allocation method” defined. ( NRS
360.090 , 360.250 )    “Allocation method” means
a method used to value land, in the absence of a sufficient number of sales of
vacant land, by estimating a typical ratio of land to total value and applying
that ratio to comparable improved properties to determine the value that the
land contributes to the total value of the subject property.
(Added to NAC by Tax Comm’n by R031-03, eff. 8-4-2004;
A by R039-10, 8-13-2010, eff. 7-1-2012)