Nev. Admin. Code § 361.1125 — 361.1125

NAC 361.1125    “Expected absorption period” defined. ( NRS 360.090 , 360.250 )    “Expected
absorption period” means the length of time within which all the parcels in a
qualified subdivision may reasonably be expected to be sold, rented or occupied
if they are actively marketed. The period begins on July 1 of the year for
which the tax on the parcels is levied and ends on the date determined by the
county assessor.
(Added to NAC by Tax Comm’n, eff. 11-14-88)