Nev. Admin. Code § 361.131

Current through November 8, 2024

Section 361.131 - Taxable value exceeding full cash value

If the initially determined taxable value for any real property is found to exceed the full cash value of the property, the person determining taxable value shall examine the taxable value determined for the land, and if the land is properly valued, he or she shall appropriately reduce the taxable values determined for the improvements and, if appropriate, the value of the land and any pertinent personal property.

Added to NAC by Tax Comm'n, eff. 10-10-83; A by R031-03, 8-4-2004; R166-07, 6-17-2008

NRS 360.090, 360.250, 361.227