Nev. Rev. Stat. » NRS: CHAPTER 361 - PROPERTY TAX
Nevada Revised Statutes

Nev. Rev. Stat. § 361.025 (2026)

“Full cash value” defined

✓ current as of July 2026
Find cases: SyfertCases citing this section NRSleg.state.nv.us (official) Justiaon Justia CornellLII Search CasesGoogle Scholar
NRS 361.025  “Full cash value” defined.  “Full cash value” means the most probable price which property would bring in a competitive and open market under all conditions requisite to a fair sale.

      [Part 3:344:1953]—(NRS A 1965, 1444; 1981, 787; 1987, 2075)

     

Notes of Decisions
Cited in 9 cases, 1959–2018 · leading case: State Ex Rel. State Bd. of Equalization v. Bakst, 148 P.3d 717 (Nev. 2006).
Sort: Relevance Newest Treatment
State Ex Rel. State Bd. of Equalization v. Bakst, 148 P.3d 717 (Nev. 2006). “17 NRS 361.025 defines “full cash value” as “the most probable price which property would bring in a competitive and open market under all conditions requisite to a fair sale.”
Thirteen South Ltd. v. Summit Vill., Inc., 866 P.2d 257 (Nev. 1993). · cites it 2× “” NRS 361.025. Thirteen South has conceded that the fair market value of its lot is “$28,000 to $32,000, assuming said lot to be [subject to the CC&Rs],” but that absent private and public restrictions the fair market value would be $70,000.”
Imperial Palace, Inc. v. State Ex Rel. Dep't of Taxation, 843 P.2d 813 (Nev. 1992). “8 NRS 361.025 defines “full cash value” as “the most probable price which property would bring in a competitive and open market under all conditions requisite to a fair sale.”
Canyon Villas Apts. Corp. v. STATE, TAX COMM'N, 192 P.3d 746 (Nev. 2008). “9 See NRS 361.025 (defining “ ‘ [f]ull cash value’ ” as “the most probable price which property would bring in a competitive and open market under all conditions requisite to a fair sale”); see also NRS 361.”
Montage Mktg., LLC v. Washoe Cnty. ex rel. Washoe Cnty. Bd. of Equal., 419 P.3d 129 (Nev. 2018). “" NRS 361.025. In determining whether a property's taxable value exceeds its full cash value, the assessor may utilize three alternative methods: (1) a comparable sales analysis; (2) a summation of the land and any improvements; or (3) "[c]apitalization of the fair economic…”
Nellis Hous. Corp. v. State, 339 P.2d 758 (Nev. 1959). “” NRS 361.025 provides, “ ‘Full cash value’ means the amount at which the property would be appraised if taken in payment of a just debt due from a solvent debtor.”
Montage Mktg., LLC Vs. Washoe Cnty., 2018 NV 39 (Nev. 2018). · cites it 2× “" NRS 361.025. In determining whether a property's taxable value exceeds its full cash value, the assessor may utilize three alternative methods: (1) a comparable sales analysis; (2) a summation of the land and any improvements; or (3) "[c]apitalization of the fair economic…”
Montage Mktg., LLC Vs. Washoe Cnty., 2018 NV 39 (Nev. 2018). · cites it 2× “" NRS 361.025. In determining whether a property's taxable value exceeds its full cash value, the assessor may utilize three alternative methods: (1) a comparable sales analysis; (2) a summation of the land and any improvements; or (3) "[c]apitalization of the fair economic…”
State v. Nevada Power Co., 390 P.2d 50 (Nev. 1964). “The franchises are intangible in nature, and their value is difficult to ascertain. The legislature, in providing that the full cash value of all franchises and property be assessed and taxed [NRS 361.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.