Nev. Admin. Code § 361.1095 — 361.1095

NAC 361.1095    “Base lot method” defined. ( NRS
360.090 , 360.250 )    “Base lot method” means a
method of appraising land pursuant to which:
1.  The parcel or other area of land being
appraised is compared to a base lot consisting of a parcel or hypothetical area
of land having common or typical characteristics and a known value; and
2.  Any differences between the parcel or
other area of land being appraised and the base lot with respect to location,
size, shape, topography and similar factors are analyzed by the appraiser,
Ê to estimate
the value of the land being appraised.
(Added to NAC by Tax Comm’n by R166-07, eff. 6-17-2008)