Nev. Admin. Code § 361.1192 — 361.1192

NAC 361.1192    Land: General requirements for use of alternative methods. ( NRS 360.090 , 360.250 ,
361.227 )    If a
county assessor uses any of the methods described in subsection 1 of NAC 361.119 to derive the value of land,
the county assessor must:
1.  Examine and evaluate:
(a) The reliability and accuracy of the method
used;
(b) The characteristics of the subject property;
(c) The sufficiency and quantity of the data used
to derive the value;
(d) The reliability and accuracy of the data used
and any pertinent adjustments made to comparable property;
(e) The relative validity of each comparable sale
used;
(f) The number and magnitude of any adjustments
made to comparable property or the reasons why no adjustments were made; and
(g) The relative importance of individual elements
of comparison; and
2.  Determine whether:
(a) The derived value is accurate for the type of
property being valued; or
(b) Another method must be used or additional data
must be obtained to derive the value accurately.
(Added to NAC by Tax Comm’n by R039-10, 8-13-2010, eff.
7-1-2012)