“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.
NRS 361.025
“Full cash value” defined
Applied in 8 court decisions — leading case State Ex Rel. State Board of Equalization v. Bakst (2006)
Most recently applied in Montage Mktg., LLC v. Washoe Cnty. ex rel. Washoe Cnty. Bd. of Equal. (May 2018)
[Part 3:344:1953]—(NRS A 1965, 1444; 1981, 787; 1987, 2075)
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.