Nev. Admin. Code § 361.139 — 361.139

NAC 361.139    Personal property acquired with real property for lump sum; use
of other valuation techniques. ( NRS
360.090 , 360.250 , 361.227 )
1.  In determining the taxable value of
personal property which was acquired with real property for a lump sum, the
assessor may refer to appropriate guides which list the cost of equipment to
determine the value of the personal property in relation to the value of the
real property. In addition, the assessor may estimate the age of the equipment
by inspecting it or discussing the approximate value of the equipment with
manufacturers, dealers or other persons in the business who have knowledge of
the value of the equipment. The serial number, if it exists, may enable a
manufacturer to determine the date of manufacture and the original cost.
2.  If sufficient data is not otherwise
available to establish acquisition cost, or if the assessor determines that a
reported acquisition cost is not equal to the fair market value of the property
at the time of acquisition plus any costs of transportation and costs of
installation, the assessor may use any nationally recognized valuation
technique to determine the acquisition cost, including, without limitation:
(a) Establishing the current cost of replacement of
the property with new property by reference to current manufacturing costs. If
the current cost of replacement is known, the assessor shall apply depreciation
to that cost to determine the taxable value.
(b) Using a guide which lists the cost or a
procedure recognized by businesses which use such equipment to determine the
taxable value. Before such a guide or procedure may be used, an assessor must
receive approval from the Executive Director.
(c) Using information based on current market data.
3.  Upon request, the Division of Local Government
Services of the Department will provide information on various guides which may
be used to determine original cost.
(Added to NAC by Tax Comm’n, eff. 10-10-83; A 6-29-84;
R034-03, 12-4-2003; R068-12, 9-14-2012)
Aircraft