NAC361A.430. Determination of taxable value of real property used as golf course and related improvements and personal property.

A county assessor shall:

     1. Except as otherwise provided in subsection 3:

     (a) Determine the taxable value for open-space use of real property used as a golf course by adding the amounts determined pursuant to subsection 3 of NAC 361A.390 and subsection 3 of NAC 361A.400;

     (b) Determine the taxable value of any related improvements used in connection with that golf course in the same manner as the county assessor would determine the value of similar improvements that are not used in connection with a golf course; and

     (c) Determine the taxable value of any personal property used in connection with that golf course in the same manner as the county assessor would determine the value of similar property that is not used in connection with a golf course;

     2. Add the amounts determined pursuant to subsection 1; and

     3. If the sum determined pursuant to subsection 2 exceeds the full cash value of the golf course and any related improvements and personal property used in connection with that golf course, when valued as a single unit, reduce the total taxable value of the golf course and any related improvements and personal property used in connection with that golf course to that full cash value.

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