Nev. Admin. Code § 361.1179 — 361.1179

NAC 361.1179    Land: Methods for determining full cash value. ( NRS 360.090 , 360.250 ,
361.227 )
1.  If sufficient sales of comparable
properties which were vacant at the time of sale are available, a county
assessor shall determine the full cash value of land by applying the sales comparison
approach using:
(a) A mass appraisal technique in accordance with
the provisions of NAC 361.11795 to 361.1188 , inclusive; or
(b) A single property technique in accordance with
the provisions of NAC 361.118 to 361.1188 , inclusive.
2.  If insufficient sales of comparable
properties which were vacant at the time of sale are available to carry out
subsection 1, a county assessor shall determine the full cash value of land as
provided in NAC 361.119 .
(Added to NAC by Tax Comm’n by R166-07, eff. 6-17-2008;
A by R039-10, 8-13-2010, eff. 7-1-2012)