Nev. Admin. Code § 361.1184 — 361.1184

NAC 361.1184    Land: Stratification for purposes of sales comparison approach. ( NRS 360.090 , 360.250 ,
361.227 )
1.  For the purposes of carrying out the
provisions of NAC 361.11795 or 361.118 , a county assessor:
(a) Must stratify comparable properties into the
primary categories of land use prescribed by the Department pursuant to NAC 361.1178 ; and
(b) May also stratify those properties:
(1) Into any secondary categories of land use
prescribed by the Department pursuant to NAC
361.1178 ; and
(2) If those properties are used in a similar
or competitive manner, into geographic market areas. Geographic market areas
must be initially defined by major natural, political or human-constructed
boundaries and then further defined by areas of complementary land uses or
neighborhoods, in which all the properties are similarly influenced by
environmental, governmental, social and economic forces. Additional criteria
may be considered for defining a geographic market area, including, without
limitation, the size of the parcels or subdivisions of land.
2.  For the purposes of carrying out this
section, a county assessor:
(a) Must determine the number of land use
categories and geographic market areas to use in the stratification of
comparable properties based upon on the size and diversity of the geographic
area being analyzed and the number of sales available within each proposed
stratum; and
(b) May, if a geographic market area crosses county
boundaries, cooperate with other county assessors in the exchange of
information.
(Added to NAC by Tax Comm’n by R039-10, 8-13-2010, eff.
7-1-2012)