Nev. Admin. Code § 361.1285 — 361.1285

NAC 361.1285    Common-interest communities. ( NRS
360.090 , 360.250 , 361.227 ,
361.233 )
1.  A county assessor shall determine the
taxable value of any land and improvements which comprise the community units
and common elements of a common-interest community as provided in NAC 361.106 to 361.1315 , inclusive.
2.  When determining the taxable value of a
community unit, a county assessor must, in addition to any other adjustments,
adjust the sales prices of, or the base lot or comparative unit values derived
from, properties which are comparable to the community unit as necessary, based
upon verifiable market data, to reflect the unique physical characteristics of
the common-interest community and the characteristics of ownership of the
community unit, including, without limitation:
(a) The relative location of the community unit
within the common-interest community, including, without limitation, the floor
level;
(b) The phase of development of the common-interest
community within which the community unit is located; and
(c) The nature of and access to the common elements
of the common-interest community, including, without limitation, any parking
facilities and open-space areas.
3.  As used in this section, the words and
terms defined in NRS 361.233 have
the meanings ascribed to them in that section.
(Added to NAC by Tax Comm’n by R039-10, 8-13-2010, eff.
7-1-2012)