NAC361.366. “Rate of return” defined.

Latest version.

“Rate of return” is a general term that means:

1. The yield to an investor variously on the investor’s net investment or on the property value; or

2. The ratio of either the net operating income or the before-tax cash flow to either the total property value or the initial investment or the average investment during a given period.

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

                    
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