Nev. Admin. Code § 361A.410 — 361A.410

NAC 361A.410    Golfing improvements: Determination of replacement cost. ( NRS 360.090 , 360.250 ,
361A.225 )
1.  For the purposes of subsection 1 of NAC 361A.400 , a county assessor shall determine
the replacement cost of the golfing improvements for a golf course in
accordance with the provisions of this section.
2.  Except as otherwise provided in
subsection 3, the class of a golf course must be determined by the sum of the
number of points assigned to the golf course in accordance with the following
criteria:
(a) A golf course must be assigned the number of
points which is most nearly equal to the amount calculated by:
(1) Dividing the number 18 by the number of
holes on the golf course; and
(2) Multiplying the figure obtained pursuant
to subparagraph (1) by the total acreage of the golf course land.
(b) If the slope rating of a golf course, as
designated by the United States Golf Association, exceeds 94, the golf course
must be assigned the number of points which is equal to the amount calculated
by subtracting 94 from that slope rating and multiplying the remainder by 5.
(c) If the total yardage of a golf course exceeds
5,000 yards, as determined from the tee which is farthest from each hole, the
golf course must be assigned the number of points which is most nearly equal to
the amount calculated by subtracting 5,000 from that total yardage and
multiplying the remainder by 0.05.
(d) If par for a golf course:
(1) Is 72 or more, the golf course must be
assigned 80 points;
(2) Is 71, the golf course must be assigned 60
points;
(3) Is 70, the golf course must be assigned 40
points;
(4) Is 60 or more but less than 70, the golf
course must be assigned 30 points; or
(5) Is less than 60, the golf course must be
assigned 20 points.
(e) If a golf course has:
(1) Above-average water features, except as
otherwise provided in subparagraph (2), the golf course must be assigned 10
points; or
(2) Extensive and elaborate water features which
come into play on a majority of the holes, the golf course must be assigned 30
points.
(f) If a golf course has:
(1) Above-average landscaping, except as
otherwise provided in subparagraph (2), the golf course must be assigned 10
points; or
(2) Extensive and elaborate landscaping,
including many large, transplanted trees, the golf course must be assigned 30
points.
(g) If the total number of points assigned to a
golf course pursuant to paragraphs (a) to (f), inclusive:
(1) Does not exceed 300, the golf course must
be designated as a class I course;
(2) Is greater than 300 and does not exceed
450, the golf course must be designated as a class II course;
(3) Is greater than 450 and does not exceed
540, the golf course must be designated as a class III course;
(4) Is greater than 540 and does not exceed
610, the golf course must be designated as a class IV standard course;
(5) Is greater than 610 and does not exceed
650, the golf course must be designated as a class IV good championship course;
or
(6) Is greater than 650, the golf course must
be designated as a class IV excellent championship course.
3.  If any information necessary to determine
the class of a golf course pursuant to subsection 2 is unavailable, a county
assessor shall use his best judgment to determine the class of the golf course.
4.  A county assessor shall assign a cost per
hole to a golf course which, except as otherwise provided in this subsection,
must be within the cost range per hole for the class of the golf course, as
specified in the recreational facilities section for golf courses in Marshall
and Swift. The county assessor may assign a cost per hole which exceeds the
maximum amount of that cost range only by:
(a) A maximum amount of 3 percent, as appropriate,
to account for any excessive grading required for the golf course land; and
(b) The appropriate recreational facilities
multiplier and local cost multiplier, as specified in Marshall and Swift.
5.  The replacement cost of the golfing
improvements must be calculated by:
(a) Multiplying the appropriate cost per hole, as
determined pursuant to subsection 4 for the class of the golf course, by the
number of holes on the golf course; and
(b) Adding the amount of any additional unit costs
for bridges, man-made water features and special drainage requirements, as
specified in Marshall and Swift, to the amount determined pursuant to paragraph
(a).
(Added to NAC by Tax Comm’n by R010-07, eff. 10-31-2007)