NAC361.129. Appraisal of parcel as part of qualified subdivision.

     1. A parcel must be appraised as provided by paragraph (b) of subsection 2 of NRS 361.227 and NAC 361.1295 if:

     (a) It is one of a group of 10 or more contiguous parcels held under common ownership;

     (b) A final map, a series of final maps or one or more subdivision maps covering the area containing the parcel has been presented to the county recorder for filing in the manner provided by NRS 278.360 to 278.460, inclusive, or the parcel is assessable property in an improvement district created pursuant to chapter 271 of NRS;

     (c) The owner of the parcel provides the county assessor with whatever information the assessor deems necessary to determine the taxable value of the parcel; and

     (d) The county assessor determines that the group of parcels affected has an expected absorption period of more than 1 year.

     2. For the purposes of this section:

     (a) The owner of a parcel is the person or entity shown as such in the records of the county recorder.

     (b) A parcel is contiguous with other parcels held under common ownership even if it is separated from those parcels:

          (1) By an easement, right-of-way, street, highway or other obstruction; or

          (2) By one or more parcels held by third persons, if the parcels so held are in the same phase or section of a development.

     (c) A parcel is not contiguous with other parcels held under common ownership, though they share a common boundary, if they are in different phases or sections of a development.

     (Added to NAC by Tax Comm’n, eff. 11-14-88; A 10-27-93; R031-03, 8-4-2004)