Nev. Admin. Code § 361A.390 - Golf course land: Determination of taxable value for open-space use

Current through August 4, 2021

A county assessor shall:

1. Determine the value of the golf course land in the same manner as the county assessor would determine the taxable value of the land for purposes other than open-space use;
2. Multiply the amount of acreage of the golf course land by the product obtained by multiplying $2,860 by 1 plus the percentage change in the Consumer Price Index (All Items) for July 1 immediately preceding the date of valuation as compared to July 1, 2004; and
3. If the value calculated pursuant to subsection 1 is:
(a) Greater than or equal to the value calculated pursuant to subsection 2, use the value calculated pursuant to subsection 2 as the taxable value for open-space use of the golf course land; or
(b) Less than the value calculated pursuant to subsection 2, use the product obtained by multiplying the value calculated pursuant to subsection 1 by an open-space discount factor of 0.74 as the taxable value for open-space use of the golf course land.

Notes

Nev. Admin. Code § 361A.390
Added to NAC by Tax Comm'n by R010-07, eff. 10-31-2007

NRS 360.090, 360.250, 361A.225

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