Nev. Admin. Code § 361.115 — 361.115

NAC 361.115    “Land residual technique” defined. ( NRS 360.090 , 360.250 )    “Land
residual technique” means a method used to estimate the value of land from a
knowledge of normal net income, the discount rate, the remaining economic life
of the property and the full contributory value of any improvements and
nonrealty items. The method isolates a measurable income stream attributable to
the improvements and then estimates the value of the land by capitalizing the
income stream attributable to the land.
(Added to NAC by Tax Comm’n by R031-03, eff. 8-4-2004)