Nev. Admin. Code § 361.1194 — 361.1194

NAC 361.1194    Land: Abstraction method. ( NRS
360.090 , 360.250 , 361.227 )    When
using the abstraction method, a county assessor must:
1.  Perform that method in accordance with
the provisions of chapter 7 of Property Appraisal and Assessment
Administration , as adopted by reference in NAC 361.1177 .
2.  Apply accrued depreciation, in accordance
with the provisions of NAC 361.1225 ,
when calculating the full contributory value of the improvements to be
subtracted from the sale price of the improved parcel to derive the residual
land value.
3.  Analyze the residual land values obtained
in the same manner as sales of vacant land to establish comparative unit or
base lot values.
(Added to NAC by Tax Comm’n by R039-10, 8-13-2010, eff.
7-1-2012)