Nev. Admin. Code § 361A.390 — 361A.390

NAC 361A.390    Golf course land: Determination of taxable value for open-space
use. ( NRS 360.090 , 360.250 ,
361A.225 )    A county
assessor shall:
1.  Determine the value of the golf course
land in the same manner as the county assessor would determine the taxable
value of the land for purposes other than open-space use;
2.  Multiply the amount of acreage of the
golf course land by the product obtained by multiplying $2,860 by 1 plus the
percentage change in the Consumer Price Index (All Items) for July 1
immediately preceding the date of valuation as compared to July 1, 2004; and
3.  If the value calculated pursuant to
subsection 1 is:
(a) Greater than or equal to the value calculated
pursuant to subsection 2, use the value calculated pursuant to subsection 2 as
the taxable value for open-space use of the golf course land; or
(b) Less than the value calculated pursuant to
subsection 2, use the product obtained by multiplying the value calculated
pursuant to subsection 1 by an open-space discount factor of 0.74 as the
taxable value for open-space use of the golf course land.
(Added to NAC by Tax Comm’n by R010-07, eff. 10-31-2007)