Nev. Admin. Code § 361.429 — 361.429

NAC 361.429    Reconciliation of indicators of value. ( NRS 360.090 , 361.320 )
1.  Immediately related to the valuation
process is the reconciliation of one or more indicators of value to reach the
final estimate of value for the system.
2.  For multiple departmental companies, when
considered applicable, the utility analyst will either reconcile the indicators
of value for allocation of the value of the system to the value to the various
departments, or use the adopted Western States Association of Tax
Administrators formulas, approved by the Executive Director of the Department,
to allocate the Department and stock and debt values based on the cost and
income data.
3.  The utility analyst will reconcile in
writing to the taxpayer the relative significance, applicability and
defensibility of the indication of value derived from each approach to arrive
at, in the utility analyst’s professional judgment, the appropriate final
estimate of value for the system.
4.  The utility analyst will reconcile, in
writing to the taxpayer, the facts, trends and observations developed in the
analysis and review the conclusion and the probable validity and reliability of
the conclusion.
(Added to NAC by Tax Comm’n, eff. 9-30-88)