Nev. Admin. Code § 361.372 — 361.372

NAC 361.372    “Replacement cost” defined. ( NRS
360.090 , 361.320 )    “Replacement cost” means
the cost of acquiring or constructing, at current prices, a property which is
the functional equivalent of an existing property.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]