Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter361 Property Tax |
ASSESSMENTS BY NEVADA TAX COMMISSION |
General Provisions |
NAC361.332. “Load factor” defined.
Latest version.
- “Load factor” means the ratio of the average use, during a specified time interval, to the peak use during the same time interval. It may be calculated on a daily, weekly, monthly or an annual basis.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]