Nev. Admin. Code § 361.1218

Current through November 8, 2024

Section 361.1218 - Determination of whether sufficient sales of comparable properties are available

For the purposes of carrying out the provisions of NAC 361.106 to 361.1315, inclusive, a county assessor must determine whether sufficient sales of comparable properties are available based upon:

1. The nature and complexity of the subject property to which the sales are being compared;

2. The degree of homogeneity of elements of comparison between the subject property and the comparable properties;

3. Market conditions; and

4. The reliability of the information regarding each sale from which a credible conclusion may be obtained.

Nev. Admin. Code § 361.1218

Added to NAC by Tax Comm'n by R039-10, 8-13-2010, eff. 7-1-2012

NRS 360.090, 360.250, 361.227