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Property taxes in Nevada pay for local services such as roads, schools, and police. However, the property tax rates in Nevada are some of the lowest in the U.S. The state’s average effective property tax rate is just 0.48%. Compared to the 0.99% national average, that rate is quite low.

Homeowners in Nevada are protected from steep increases in property tax bills by Nevada’s property tax abatement law, which limits annual increases in property tax bills to a maximum of 3% for homeowners.

Nevada Property Tax Rules

Property taxes in Nevada are based on the market value of a property, as well as the replacement cost of any structures on a property. County Assessors in each county are required to reappraise all property at least once every five years.

The taxable value of a property is calculated as the cash value of the land (the amount the land alone would sell for on the market), and the replacement cost of all buildings minus depreciation of 1.5% per year since construction.

The assessed value is equal to 35% of that taxable value. Thus, if your County Assessor determines your home’s taxable value is $100,000, your assessed value will be $35,000. Tax rates apply to that amount.

Nevada’s tax abatement law protects homeowners from sudden spikes in their property taxes. The law limits increases in property taxes on primary residences to 3% per year. Thus, even if home values increase by 10%, property taxes will increase by no more than 3%.

Nevada Property Tax Rates

Tax rates in Nevada are expressed in dollars per $100 in assessed value. Thus, if your tax rate is $3.25 and your assessed value is $40,000, your total annual tax is $1,300.

There are numerous tax districts within every Nevada county. Clark County, for example, lists 92 different tax districts, with different rates for each district. Thus, when comparing between counties, it is useful to look at average effective rates.

An effective rate is the annual property tax payment as a percentage of home value. The table below shows average effective tax rates, median home value, and median annual property taxes for every county in Nevada.

County Median Home Value Median Annual Property Tax Payment Average Effective Property Tax Rate
Carson City $198,800 $1,387 0.70%
Churchill $285,100 $1,835 0.64%
Clark $416,900 $2,334 0.56%
Douglas $225,800 $1,266 0.56%
Elko $81,100 $489 0.60%
Esmeralda $151,000 $369 0.24%
Eureka $186,200 $1,155 0.62%
Humboldt $167,400 $1,203 0.72%
Lander $132,600 $954 0.72%
Lincoln $238,600 $1,360 0.57%
Lyon $99,900 $958 0.96%
Mineral $172,300 $1,088 0.63%
Nye $114,400 $962 0.84%
Pershing $264,000 $1,469 0.56%
Storey $360,500 $2,014 0.56%
Washoe $157,100 $932 0.59%
White Pine $299,900 $1,603 0.53%

 

For an easy overview of a state’s general level of taxation, we calculated each state’s average effective tax rate by dividing the median real estate taxes paid by the median home value, as reported by the U.S. Census Bureau. Essentially, we defined the average effective tax rate as a percentage of the state median home value.

Explore the table below to discover property taxes ranked by state.

Table with 5 columns and 52 rows. Sorted ascending by column “Average Effective Tax Rate”
Hawaii 0.27% $764,800 $2,054 $94,814
Alabama 0.39% $179,400 $701 $59,609
Colorado 0.49% $465,900 $2,278 $87,598
Nevada 0.50% $373,800 $1,884 $71,646
Puerto Rico 0.52% $121,800 $635 $24,002
South Carolina 0.53% $216,200 $1,138 $63,623
Delaware 0.55% $305,200 $1,674 $79,325
Louisiana 0.55% $198,300 $1,087 $57,852
Utah 0.55% $408,500 $2,241 $86,833
West Virginia 0.55% $145,800 $809 $55,217
Arizona 0.56% $321,400 $1,786 $72,581
Washington, D.C. 0.56% $705,000 $3,957 $101,722
Idaho 0.56% $331,600 $1,872 $70,214
Tennessee 0.58% $232,100 $1,356 $64,035
Wyoming 0.58% $269,900 $1,567 $72,495
Arkansas 0.59% $162,400 $959 $56,335
California 0.71% $659,300 $4,694 $91,905
North Carolina 0.73% $234,900 $1,724 $66,186
New Mexico 0.74% $216,000 $1,588 $58,722
Mississippi 0.76% $151,000 $1,145 $52,985
Virginia 0.76% $339,800 $2,591 $87,249
Indiana 0.77% $183,600 $1,415 $67,173
Montana 0.79% $305,700 $2,419 $66,341
Kentucky 0.80% $177,000 $1,418 $60,183
Florida 0.82% $292,200 $2,386 $67,917
Georgia 0.83% $245,900 $2,048 $71,355
Oklahoma 0.85% $170,500 $1,445 $61,364
Oregon 0.86% $423,100 $3,633 $76,632
Washington 0.88% $473,400 $4,158 $90,325
Missouri 0.91% $199,400 $1,812 $65,920
North Dakota 0.99% $232,500 $2,294 $73,959
Maryland 1.02% $380,500 $3,880 $98,461
Minnesota 1.05% $286,800 $3,000 $84,313
South Dakota 1.14% $219,500 $2,496 $69,457
Massachusetts 1.15% $483,900 $5,584 $96,505
Alaska 1.16% $318,000 $3,687 $86,370
Maine 1.17% $244,800 $2,855 $68,251
Kansas 1.34% $189,300 $2,536 $69,747
Michigan 1.35% $201,100 $2,708 $68,505
Rhode Island 1.39% $343,100 $4,776 $81,370
Pennsylvania 1.41% $226,200 $3,187 $73,170
Ohio 1.43% $183,300 $2,618 $66,990
Iowa 1.49% $181,600 $2,703 $70,571
Nebraska 1.54% $205,600 $3,167 $71,722
Wisconsin 1.59% $231,400 $3,670 $72,458
Texas 1.63% $238,000 $3,872 $73,035
New York 1.64% $384,100 $6,303 $81,386
Vermont 1.78% $272,400 $4,859 $74,014
New Hampshire 1.89% $337,100 $6,372 $90,845
Connecticut 2.00% $323,700 $6,484 $90,213
Illinois 2.11% $239,100 $5,055 $78,433
New Jersey 2.33% $401,400 $9,345 $97,126

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The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Very Vintage Vegas does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Very Vintage Vegas, will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.



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