NAC361A.410. Golfing improvements: Determination of replacement cost.

     1. For the purposes of subsection 1 of NAC 361A.400, a county assessor shall determine the replacement cost of the golfing improvements for a golf course in accordance with the provisions of this section.

     2. Except as otherwise provided in subsection 3, the class of a golf course must be determined by the sum of the number of points assigned to the golf course in accordance with the following criteria:

     (a) A golf course must be assigned the number of points which is most nearly equal to the amount calculated by:

          (1) Dividing the number 18 by the number of holes on the golf course; and

          (2) Multiplying the figure obtained pursuant to subparagraph (1) by the total acreage of the golf course land.

     (b) If the slope rating of a golf course, as designated by the United States Golf Association, exceeds 94, the golf course must be assigned the number of points which is equal to the amount calculated by subtracting 94 from that slope rating and multiplying the remainder by 5.

     (c) If the total yardage of a golf course exceeds 5,000 yards, as determined from the tee which is farthest from each hole, the golf course must be assigned the number of points which is most nearly equal to the amount calculated by subtracting 5,000 from that total yardage and multiplying the remainder by 0.05.

     (d) If par for a golf course:

          (1) Is 72 or more, the golf course must be assigned 80 points;

          (2) Is 71, the golf course must be assigned 60 points;

          (3) Is 70, the golf course must be assigned 40 points;

          (4) Is 60 or more but less than 70, the golf course must be assigned 30 points; or

          (5) Is less than 60, the golf course must be assigned 20 points.

     (e) If a golf course has:

          (1) Above-average water features, except as otherwise provided in subparagraph (2), the golf course must be assigned 10 points; or

          (2) Extensive and elaborate water features which come into play on a majority of the holes, the golf course must be assigned 30 points.

     (f) If a golf course has:

          (1) Above-average landscaping, except as otherwise provided in subparagraph (2), the golf course must be assigned 10 points; or

          (2) Extensive and elaborate landscaping, including many large, transplanted trees, the golf course must be assigned 30 points.

     (g) If the total number of points assigned to a golf course pursuant to paragraphs (a) to (f), inclusive:

          (1) Does not exceed 300, the golf course must be designated as a class I course;

          (2) Is greater than 300 and does not exceed 450, the golf course must be designated as a class II course;

          (3) Is greater than 450 and does not exceed 540, the golf course must be designated as a class III course;

          (4) Is greater than 540 and does not exceed 610, the golf course must be designated as a class IV standard course;

          (5) Is greater than 610 and does not exceed 650, the golf course must be designated as a class IV good championship course; or

          (6) Is greater than 650, the golf course must be designated as a class IV excellent championship course.

     3. If any information necessary to determine the class of a golf course pursuant to subsection 2 is unavailable, a county assessor shall use his best judgment to determine the class of the golf course.

     4. A county assessor shall assign a cost per hole to a golf course which, except as otherwise provided in this subsection, must be within the cost range per hole for the class of the golf course, as specified in the recreational facilities section for golf courses in Marshall and Swift. The county assessor may assign a cost per hole which exceeds the maximum amount of that cost range only by:

     (a) A maximum amount of 3 percent, as appropriate, to account for any excessive grading required for the golf course land; and

     (b) The appropriate recreational facilities multiplier and local cost multiplier, as specified in Marshall and Swift.

     5. The replacement cost of the golfing improvements must be calculated by:

     (a) Multiplying the appropriate cost per hole, as determined pursuant to subsection 4 for the class of the golf course, by the number of holes on the golf course; and

     (b) Adding the amount of any additional unit costs for bridges, man-made water features and special drainage requirements, as specified in Marshall and Swift, to the amount determined pursuant to paragraph (a).

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