Nev. Admin. Code § 361.410 — 361.410

NAC 361.410    Use of unit rule of valuation. ( NRS
360.090 , 361.320 )    In the valuation of those
properties which are listed in NRS
361.320 , the unit rule of valuation will be used when considered
applicable. The unit rule generally applies to companies which own or operate
lines or roads which lie partly within and partly without Nevada. In these
cases, the Department will only value and assess the property within the State.
In determining the value of the portion within the State, the Department may
take into consideration the value of the entire system, the mileage of the
whole system and of the part within the State, together with such other
information, facts and circumstances as will support a substantially just and
correct determination.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]