Nev. Admin. Code § 361.803 — 361.803

NAC 361.803    “Parcel share of base value” defined. ( NRS 361.4733 )    “Parcel share of base
value” means, for a parcel or other taxable unit of property located in a:
1.  Redevelopment area, the product obtained
by multiplying the base value of the taxable property in the redevelopment
area, as determined in accordance with the provisions of paragraph (a) of
subsection 1 of NRS 279.676 , by
the quotient obtained by dividing the parcel effective assessed value of that
parcel or other taxable unit of property by the sum of the parcel effective
assessed values of all the parcels and other taxable units of property in that
redevelopment area.
2.  Tax increment area, the product obtained
by multiplying the base value of the taxable property in the tax increment
area, as determined in accordance with the provisions of subparagraph (1) of
paragraph (a) of subsection 1 of NRS
278C.250 , by the quotient obtained by dividing the parcel effective
assessed value of that parcel or other taxable unit of property by the sum of
the parcel effective assessed values of all the parcels and other taxable units
of property in that tax increment area.
(Added to NAC by Com. on Local Gov’t Finance by R022-08,
4-17-2008, eff. 7-1-2008)