Section 361.1218 - Determination of whether sufficient sales of comparable properties are availableFor the purposes of carrying out the provisions of NAC 361.106 to 361.131, 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; and4. 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; A by R036-24A, eff. 12/19/2024