Nev. Admin. Code § 361.803 - "Parcel share of base value" defined
"Parcel share of base value" means, for a parcel or other taxable unit of property located in a:
1. Redevelopment area, the product obtained
by multiplying the base value of the taxable property in the redevelopment
area, as determined in accordance with the provisions of paragraph (a) of
subsection 1 of
NRS
279.676, by the quotient obtained by dividing
the parcel effective assessed value of that parcel or other taxable unit of
property by the sum of the parcel effective assessed values of all the parcels
and other taxable units of property in that redevelopment area.
2. Tax increment area, the product obtained
by multiplying the base value of the taxable property in the tax increment
area, as determined in accordance with the provisions of paragraph (a) of
subsection 1 of
NRS
278C.250, by the quotient obtained by
dividing the parcel effective assessed value of that parcel or other taxable
unit of property by the sum of the parcel effective assessed values of all the
parcels and other taxable units of property in that tax increment
area.
Notes
NRS 361.4733
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