Nev. Admin. Code § 361A.430 — 361A.430

NAC 361A.430    Determination of taxable value of real property used as golf
course and related improvements and personal property. ( NRS 360.090 , 360.250 ,
361A.225 )    A county
assessor shall:
1.  Except as otherwise provided in
subsection 3:
(a) Determine the taxable value for open-space use
of real property used as a golf course by adding the amounts determined
pursuant to subsection 3 of NAC 361A.390
and subsection 3 of NAC 361A.400 ;
(b) Determine the taxable value of any related
improvements used in connection with that golf course in the same manner as the
county assessor would determine the value of similar improvements that are not
used in connection with a golf course; and
(c) Determine the taxable value of any personal
property used in connection with that golf course in the same manner as the
county assessor would determine the value of similar property that is not used
in connection with a golf course;
2.  Add the amounts determined pursuant to
subsection 1; and
3.  If the sum determined pursuant to
subsection 2 exceeds the full cash value of the golf course and any related
improvements and personal property used in connection with that golf course,
when valued as a single unit, reduce the total taxable value of the golf course
and any related improvements and personal property used in connection with that
golf course to that full cash value.
(Added to NAC by Tax Comm’n by R010-07, eff. 10-31-2007)