Nev. Admin. Code § 361.116 — 361.116

NAC 361.116    “Obsolescence” defined. ( NRS
360.090 , 360.250 )    “Obsolescence” means an
impairment to property resulting in the full cash value of the property being
less than its taxable value as otherwise computed.
[Tax Comm’n, Property Tax Reg. part No. 2, eff. 1-14-82]