Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter361 Property Tax |
ASSESSMENTS BY NEVADA TAX COMMISSION |
General Provisions |
NAC361.318. “Income approach to value” defined.
Latest version.
- “Income approach to value” means the method of appraisement that involves the analysis of the incomes and expenses of income-producing properties and the use of the capitalization of income to produce property value indicators.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]