Property Taxes

Ever wondered how those property taxes are calculated? Your answer lies here. You’ll discover just how to figure out and plan for your property taxes. You will also know just what specific tax exemptions you can qualify for and who to contact to find out more information.

Nevada does carry fewer taxes than most states, but all property is assessed at 35 percent of its current appraised or assessed value. Thankfully for you, you’ve moved to a location that has one of the lowest property tax burdens in the U.S. The Clark County Tax Assessor’s job is to discover, list, and value all property in the county for taxation purposes. He then has the task of collecting personal property tax as the ex-officio treasurer of the county.

If your new home doesn’t qualify for a tax exemption, you can calculate your property tax this way:

Pretend your house, located within Las Vegas, is valued at $200,000 with a tax rate of 3.5% ($3.50 per $100). To find the assessed value, multiply $200,000 by the aforementioned assessment ratio of 35% (200,000 x .35 = 70,000). With the $70,000 assessed value, you then multiply by the tax rate, 3.5% or .035 ($70,000 x .035 = $2,450). This gives you a pretty good if not exact estimate as to what your property taxes will be each year.

Such tax monies collected go to pay for school, police and fire protection, and roads. They also pay for various and sundry other services that you might demand from your local government. You can learn more about tax rates and services by visiting the Clark County website at www.accessclarkcounty.com, clicking on the left-hand side, on Services A-D, and on the Assessor tab.

Property Tax Exemptions

The state government of Nevada has provided that certain individuals can qualify for property tax exemptions. Some of these include veterans, disabled veterans, surviving spouses, blind persons and church/fraternal organizations. Additionally, the state of Nevada has a Senior Citizens’ Property Tax Rebate/Rental Assistance Program.

An exemption may be applied to real property tax and personal property tax, which includes business personal property and manufactured housing. The tax dollar amount of the exemption varies with the taxing district in which you live. These programs are administered by the Assessor’s office. More information is available by calling (702) 455-3882. Questions regarding a tax amount for a specific property should be directed to the Treasurer’s office at (702) 455-4323.