NAC361.115. “Land residual technique” defined.

Latest version.

“Land residual technique” means a method used to estimate the value of land from a knowledge of normal net income, the discount rate, the remaining economic life of the property and the full contributory value of any improvements and nonrealty items. The method isolates a measurable income stream attributable to the improvements and then estimates the value of the land by capitalizing the income stream attributable to the land.

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

                    
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