Nev. Admin. Code § 361.240 — 361.240

NAC 361.240    “Capitalization process” defined. ( NRS 360.090 , 361.320 )    “Capitalization
process” means the conversion of a stream of income having a certain duration
into value by means of a capitalization rate that recognizes the degree of risk
as between the property and the income it produces.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]