NAC361.654. “Ratio study” defined.

Latest version.

“Ratio study” means an evaluation of the quality and level of assessment of a class or group of properties in a county which compares the assessed valuation established by the county assessor for a sampling of those properties to:

1. An estimate of the taxable value of the property by the Department or an independent appraiser; or

2. The sales price of the property,

Ê as appropriate.

(Added to NAC by St. Bd. of Equalization by R153-09, 4-20-2010, eff. 10-1-2010)

                    
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