Nev. Admin. Code § 361.366 — 361.366

NAC 361.366    “Rate of return” defined. ( NRS
360.090 , 361.320 )    “Rate of return” is a
general term that means:
1.  The yield to an investor variously on the
investor’s net investment or on the property value; or
2.  The ratio of either the net operating
income or the before-tax cash flow to either the total property value or the
initial investment or the average investment during a given period.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]