Nev. Admin. Code § 361.466 — 361.466

NAC 361.466    Development, application of factor for property located in
Nevada. ( NRS
360.090 , 361.320 )
1.  The depreciated cost of the total
tangible property of the carrier will be related to the estimate of value for
the system for that same property in the form of a percentage. (This estimate
of value will be determined by using the three approaches to value divided by
the depreciated cost of the total tangible property.)
2.  The factor so developed will be applied
to that ground property having situs in Nevada.
[Tax Comm’n, Property Tax Reg. part No. 15D, eff. 10-30-79]