NAC361.1218. Determination of whether sufficient sales of comparable properties are available.

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For the purposes of carrying out the provisions of NAC 361.106 to 361.1315, inclusive, a county assessor must determine whether sufficient sales of comparable properties are available based upon:

     1. The nature and complexity of the subject property to which the sales are being compared;

     2. The degree of homogeneity of elements of comparison between the subject property and the comparable properties;

     3. Market conditions; and

     4. The reliability of the information regarding each sale from which a credible conclusion may be obtained.

(Added to NAC by Tax Comm’n by R039-10, 8-13-2010, eff. 7-1-2012)

                    
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