NAC361A.420. Golfing improvements: Calculation of factor for obsolescence.

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For the purposes of subsection 3 of NAC 361A.400, a county assessor shall:

     1. Determine the number of rounds of golf played on a golf course during the 12-month period ending on June 30 immediately preceding the date of valuation;

     2. Determine the number of rounds of golf played on that golf course during the busiest month of that period;

     3. Multiply the number determined pursuant to subsection 2 by 12;

     4. Divide the number determined pursuant to subsection 1 by the number determined pursuant to subsection 3; and

     5. Apply the figure determined pursuant to subsection 4 as the factor for the obsolescence of the golfing improvements.

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

                    
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