Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter361 Property Tax |
ASSESSMENTS BY NEVADA TAX COMMISSION |
General Provisions |
NAC361.362. “Rate of capitalization” defined.
Latest version.
- “Rate of capitalization” means the ratio of income to value. Such a rate can vary widely in quality depending upon the elements that are included such as interest, recapture, ad valorem taxes and income taxes.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]