Nev. Admin. Code § 361.131 — 361.131

NAC 361.131    Taxable value exceeding full cash value. ( NRS 360.090 , 360.250 ,
361.227 )    If the
initially determined taxable value for any real property is found to exceed the
full cash value of the property, the person determining taxable value shall
examine the taxable value determined for the land, and if the land is properly
valued, he or she shall appropriately reduce the taxable values determined for
the improvements and, if appropriate, the value of the land and any pertinent
personal property.
(Added to NAC by Tax Comm’n, eff. 10-10-83; A by R031-03,
8-4-2004; R166-07, 6-17-2008)