Nev. Admin. Code § 361A.400 — 361A.400

NAC 361A.400    Golfing improvements: Determination of taxable value for
open-space use. ( NRS
360.090 , 360.250 , 361A.225 )    A county
assessor shall:
1.  Determine the replacement cost of the
golfing improvements as provided in NAC
361A.410 ;
2.  Subtract from the amount determined
pursuant to subsection 1 an amount for the depreciation of the golfing
improvements, calculated at 1.5 percent of the amount determined pursuant to
subsection 1 for each year of the adjusted actual age of the golfing
improvements, up to a maximum of 50 years; and
3.  Multiply the remainder determined
pursuant to subsection 2 by a factor for the obsolescence of the golfing
improvements, calculated as provided in NAC
361A.420 .
(Added to NAC by Tax Comm’n by R010-07, eff. 10-31-2007)