NAC361.1179. Land: Methods for determining full cash value.

Latest version.

     1. If sufficient sales of comparable properties which were vacant at the time of sale are available, a county assessor shall determine the full cash value of land by applying the sales comparison approach using:

     (a) A mass appraisal technique in accordance with the provisions of NAC 361.11795 to 361.1188, inclusive; or

     (b) A single property technique in accordance with the provisions of NAC 361.118 to 361.1188, inclusive.

     2. If insufficient sales of comparable properties which were vacant at the time of sale are available to carry out subsection 1, a county assessor shall determine the full cash value of land as provided in NAC 361.119.

(Added to NAC by Tax Comm’n by R166-07, eff. 6-17-2008; A by R039-10, 8-13-2010, eff. 7-1-2012)

                    
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