NAC361.298. “Fractional appraisal” defined.

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“Fractional appraisal” means the valuation of one or more component parts without reference to the value of the whole enterprise. The sum of two or more fractional appraisals is called a summation appraisal and does not always equal unit value.

[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]

                    
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