NAC361.4215. Cost approach indicator of value: Optional cost information.

The taxpayer may present and the Department shall consider, in addition to the information required by NAC 361.421, one or more of the following alternative cost indicators of value:

     1. A calculation of the reproduction cost new less depreciation for all taxable operating property of the collective unit being assessed. The calculation must have been performed in accordance with generally accepted appraisal methodology.

     2. A calculation of the replacement cost new less depreciation for all taxable operating property of the collective unit being assessed. The calculation must have been performed in accordance with generally accepted appraisal methodology.

     3. Any other relevant and verifiable information, such as rate base for regulatory purposes.

     (Added to NAC by Tax Comm’n by R085-98, eff. 11-23-98)