NAC361.107. “Abstraction method” defined.

Latest version.

“Abstraction method” means a method of estimating the value of land by subtracting from the sales prices of improved parcels the full contributory value of all items attributable to the value of the improvements, thus yielding estimates of the residual or remainder value of the land.

(Added to NAC by Tax Comm’n by R031-03, eff. 8-4-2004)

                    
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