Nev. Admin. Code § 361.1095 - "Base lot method" defined
"Base lot method" means a method of appraising land pursuant to which:
1. The parcel or other area
of land being appraised is compared to a base lot consisting of a parcel or
hypothetical area of land having common or typical characteristics and a known
value; and
2. Any differences
between the parcel or other area of land being appraised and the base lot with
respect to location, size, shape, topography and similar factors are analyzed
by the appraiser, to estimate the value of the land being appraised.
Notes
NRS 360.090, 360.250
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