Nevada Administrative Code
Chapter 361 - Property Tax
EQUALIZATION BY STATE BOARD OF EQUALIZATION
Section 361.654 - "Ratio study" defined
Universal Citation: NV Admin Code 361.654
Current through December 31, 2024
"Ratio study" means an evaluation of the quality and level of assessment of a class or group of properties in a county which compares the assessed valuation established by the county assessor for a sampling of those properties to:
1. An estimate of the taxable value of the property by the Department or an independent appraiser; or
2. The sales price of the property, as appropriate.
Added to NAC by St. Bd. of Equalization by R153-09, 4-20-2010, eff. 10-1-2010
NRS 361.375, 361.395
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