Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter361 Property Tax |
ASSESSMENTS BY NEVADA TAX COMMISSION |
General Provisions |
NAC361.240. “Capitalization process” defined.
Latest version.
- “Capitalization process” means the conversion of a stream of income having a certain duration into value by means of a capitalization rate that recognizes the degree of risk as between the property and the income it produces.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]