Nev. Admin. Code § 361.226 — 361.226

NAC 361.226    “Band-of-investment” defined. ( NRS
360.090 , 361.320 )    “Band-of-investment” means
a method used to compute a capitalization rate in the absence of market
information. The simplest form of band-of-investment computation requires
estimating the appropriate ratio of debt to equity, the interest cost of debt
and, typically the most subjective element, the rate of return on equity
capital. The weighted rates on debt and equity are added to obtain the
band-of-investment rate.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]