Nev. Admin. Code § 361.4215 — 361.4215

NAC 361.4215    Cost approach indicator of value: Optional cost information. ( NRS 360.090 , 361.320 )    The
taxpayer may present and the Department shall consider, in addition to the
information required by NAC 361.421 , one
or more of the following alternative cost indicators of value:
1.  A calculation of the reproduction cost
new less depreciation for all taxable operating property of the collective unit
being assessed. The calculation must have been performed in accordance with
generally accepted appraisal methodology.
2.  A calculation of the replacement cost new
less depreciation for all taxable operating property of the collective unit
being assessed. The calculation must have been performed in accordance with
generally accepted appraisal methodology.
3.  Any other relevant and verifiable
information, such as rate base for regulatory purposes.
(Added to NAC by Tax Comm’n by R085-98, eff. 11-23-98)