Nev. Admin. Code § 361.111 — 361.111

NAC 361.111    “Capitalization of ground rents” defined. ( NRS 360.090 , 360.250 )    “Capitalization
of ground rents” means the estimation of the value of land in the absence of
comparable sales by capitalizing the revenue from market-rate leases of land.
(Added to NAC by Tax Comm’n by R031-03, eff. 8-4-2004)