Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 487.730: “Fair market value” defined.

Where this section sits in the code

TITLE 43 — PUBLIC SAFETY; VEHICLES; WATERCRAFT
CHAPTER 487 - REPAIR, REMOVAL AND DISPOSAL OF VEHICLES
REPAIRS; REBUILT VEHICLES; SALVAGE VEHICLES; TOTAL LOSS VEHICLES; NONREPAIRABLE VEHICLES

“Fair market value” means the retail value of a motor vehicle that is established by:

1. An objective motor vehicle appraisal based upon local market resources, including, without limitation, automobile dealers and classified advertisements of newspapers;

2. An independent appraisal service;

3. A current issue of a nationally recognized guide used by financial institutions in this State for the valuation of used motor vehicles; or

4. A computer-based service commonly used by the insurance industry for the valuation of used motor vehicles.

Collected 2026-09-03T05:51:42Z. Source file · JSON

Browse this collection