If you own a house in Las Vegas or plan to own one, it’s important to know how much you should be paying for taxes and ensure that you are being charged for the correct amount annually. Here’s what you can expect to pay and how to correct your taxes, if you find that you’re being charged incorrectly.
This article was last updated in May 2022. Please be sure to verify with the Clark County Assessor to verify any data regarding your personal property before taking any action.
Contents
- What is the Property Tax Rate for Las Vegas, Nevada?
- Where Does Nevada Rank in Property Taxes?
- How Much Can Property Tax Increase in Nevada?
- What is the 3% Cap in Nevada?
- How Often Do You Pay Property Tax in Las Vegas?
- Do Seniors Pay Property Taxes in Nevada?
- Nevada Property Tax Calculator
- Clark County Nevada Tax Abatement
What is the Property Tax Rate for Las Vegas, Nevada?
You can expect to see property taxes calculated at about .5% to .75% of the home’s purchase price.
In Nevada, the market value of your property determines property tax amounts. Once every 5 years, your home is required to be re-appraised by County Assessors.
In regards to annual increases, there is a property tax abatement law that caps the annual increase on primary residences to 3% max. This applies even if the home’s value increases by more than 3%
Where Does Nevada Rank in Property Taxes?
As of 2022, Nevada ranks #9 in the country with an average tax rate of about .6%
How Much Can Property Tax Increase in Nevada?
If the home is a primary residence, tax increases are capped at 3% thanks to Nevada’s tax abatement law. If it’s a home that is not your primary residence (vacation home, rental, etc.) then the cap is 8%.
What is the 3% Cap in Nevada?
This is a cap to provide property tax relief to residents of Nevada that own a home and use it as their primary residence. Whether your home has increased in value by over 3% or not, your property taxes cannot increase by more than 3% annually so long as it is your primary residence.
You can only claim one property as your primary residence with the 3% tax cap applied.
How Often Do You Pay Property Tax in Las Vegas?
Property taxes in Nevada are due in August on the 3rd Monday. There are 4 tax installment due dates per fiscal year and can be found here.
Do Seniors Pay Property Taxes in Nevada?
Seniors do not have any property tax exemptions; however, there may be some retirement programs that seniors can benefit from (veterans, blind residents, etc.).
Nevada Property Tax Calculator
If you’re looking to buy a home and want to see what your property taxes may look like (or are trying to get a better idea of what you should be paying based on your home’s current value), be sure to check out this property tax calculator.
Clark County Nevada Tax Abatement
If your home is a primary residence and you’re paying taxes above a 3% increase annually, you’ll want to contact the Clark County Assessor to get this adjusted at 702-455-3882
To view your tax assessment and verify your cap, you’ll want to find your property on the Clark County Treasurer’s website.
If you need to adjust your tax cap, the Clark County Assessor will send you a postcard in the mail to complete and send back. Be sure to verify the deadline to ensure that you are getting everything filled out and returned in time to make the adjustment.
