Nev. Admin. Code § 361.641 — 361.641

NAC 361.641    Deduction of percentage of obsolescence when taxable value
exceeds cash value. ( NRS
361.340 , 361.375 )    If it is determined that
the computed total taxable value of any property exceeds its full cash value,
the State Board of Equalization will or a county board of equalization shall
instruct the county assessor to annually deduct the percentage of obsolescence
fixed by the board from the computed total taxable value of the improvements
until the property is physically reappraised.
(Added to NAC by St. Bd. of Equalization, eff. 1-6-84)