NRS
37.112 Valuation of property subject to condemnation as result of
public work or project.
1. Except as otherwise provided in
subsection 2, if the property is subject to condemnation as a result of a
public work or public improvement, any decrease or increase in the fair market
value of the property before the date of valuation which is caused by:
(a) The public work or public improvement for
which the property is acquired; or
(b) The likelihood that the property would be
acquired for such a purpose,
Ê must be
disregarded when assessing the value of the property pursuant to NRS 37.110.
2. Any decrease or increase in the fair
market value of the property before the date of valuation resulting from
physical deterioration within the reasonable control of the owner is not
required to be disregarded pursuant to subsection 1.
(Added to NRS by 1993,
525)
Notes of Decisions
City of Las Vegas v. Bustos, 75 P.3d 351 (Nev. 2003).
· cites it 2× “” Kent further testified that although the government would not be willing to rezone the property once condemnation proceedings had been initiated, he could not take into account the depreciation in value due to the condemnation proceedings under NRS 37.112(1). 11 On the other…”
— Nev. Rev. Stat. § 37.112(1) — 1 case
City of Las Vegas v. Bustos, 75 P.3d 351 (Nev. 2003).
“” Kent further testified that although the government would not be willing to rezone the property once condemnation proceedings had been initiated, he could not take into account the depreciation in value due to the condemnation proceedings under NRS 37.112(1). 11 On the other…”
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