Nevada Administrative Code
Chapter 361 - Property Tax
EQUALIZATION BY COUNTY BOARD OF EQUALIZATION
Section 361.6405 - Determination of percentage of obsolescence

1. The State Board of Equalization will or a county board of equalization shall, in determining obsolescence of the taxable value of any improvements the valuation of which is subject to appeal in its jurisdiction, consider the total value of land and improvements and, if applicable to the valuation, any pertinent personal property assessed as of July 1 of the fiscal year immediately preceding the fiscal year for which the taxes are levied, to determine whether total taxable value exceeds full cash value.

2. The State Board of Equalization will or a county board of equalization shall, in determining obsolescence of the taxable value of personal property on the unsecured tax roll the valuation of which is subject to appeal in its jurisdiction, consider only the value of that personal property, to determine whether the taxable value of the personal property on the unsecured roll exceeds full cash value.