NAC361A.400. Golfing improvements: Determination of taxable value for open-space use.

Latest version.

A county assessor shall:

     1. Determine the replacement cost of the golfing improvements as provided in NAC 361A.410;

     2. Subtract from the amount determined pursuant to subsection 1 an amount for the depreciation of the golfing improvements, calculated at 1.5 percent of the amount determined pursuant to subsection 1 for each year of the adjusted actual age of the golfing improvements, up to a maximum of 50 years; and

     3. Multiply the remainder determined pursuant to subsection 2 by a factor for the obsolescence of the golfing improvements, calculated as provided in NAC 361A.420.

(Added to NAC by Tax Comm’n by R010-07, eff. 10-31-2007)

                    
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