Nev. Admin. Code § 361.1182 — 361.1182

NAC 361.1182    Land: General requirements for sales comparison approach. ( NRS 360.090 , 360.250 ,
361.227 )    For the
purposes of carrying out the provisions of NAC
361.11795 or 361.118 :
1.  If the subject property is improved land,
the comparable properties must have a use that is consistent with that of the
improved land.
2.  The elements of comparison used and
adjustments made by the county assessor must be identifiable and supported by
verifiable market data.
3.  If it is necessary to make an adjustment
to recognize the view influence or any other property attribute associated with
the subject property, the county assessor shall:
(a) Make a physical determination of the view
influence from the land of each respective view parcel. The county assessor
shall make the view influence determination from any area on the parcel that is
capable of development. This would exclude legally required setbacks or
portions of the parcel subject to applicable land use restrictions or
applicable deed restrictions that prohibit development.
(b) Upon the written request of the owner, provide
to the owner as soon as practicable, but not later than 15 days after receiving
the request, current market evidence for each adjustment for the view influence
or other property attribute. In a county whose population is 40,000 or more,
“current market evidence” as used in this paragraph means sales data concerning
sales of improved or unimproved parcels that occurred during the 36-month
period immediately preceding July 1 of the year before the lien date, unless
the Commission has approved the petition of the county assessor to consider
sales that occurred before that 36-month period.
(c) Upon the written request of the owner, provide
to the owner as soon as practicable, but not later than 15 days after receiving
the request, a comprehensive written analysis describing any mass appraisal or
single property technique used, written in such a manner that the taxpayer can
determine whether the value of the parcel has been appropriately adjusted by
the county assessor. For an appraisal made using a:
(1) Single property technique, the written
analysis must describe each adjustment, whether attributable to view influence
or another property attribute, and how each adjustment was made.
(2) Mass appraisal technique, the written
analysis must describe the stratum in which the parcel was included, the
comparable sales and any adjustments thereto used to develop a base lot or
comparative unit value for the stratum, and any adjustments made to the base
lot or comparative unit value to determine the value of the property.
(d) Consider whether an adjustment is necessary
because of impairments caused by obstructions or aesthetic criteria, including,
without limitation, tree growth, utility lines, water tanks or the presence of
other improvements.
(Added to NAC by Tax Comm’n by R166-07, eff. 6-17-2008)