Nev. Admin. Code § 361.1305 — 361.1305

NAC 361.1305    Billboards. ( NRS
360.090 , 360.250 , 361.227 )
1.  The taxable value of a billboard is the
cost of replacement of the billboard less depreciation and obsolescence.
2.  The cost of replacement of a billboard
must be computed by multiplying the cost of acquisition to the current owner by
the appropriate factor located in the annual Personal Property Manual .
The factor that corresponds to the year the billboard was acquired must be
used. Additional depreciation and obsolescence may be calculated separately.
(Added to NAC by Tax Comm’n, eff. 8-2-90; A by R031-03,
8-4-2004)