Locally Assessed Property Tax FAQs

Locally Assessed Property Tax FAQs

What is Locally Assessed Property Tax?

Locally Assessed Property Tax in Nevada refers to the tax imposed on property assessed locally by county assessors rather than by the state.

This tax usually includes:

  • Residential homes
  • Commercial buildings
  • Land

How is Property Value Determined?

The county assessor determines the taxable value of property using market data and guidelines provided by the state.

This value is usually assessed based on:

  • Current market trends
  • Sales of comparable properties
  • Replacement costs minus depreciation

What is the Tax Rate?

  • The tax rate varies by county and is applied to the assessed value of your property.
  • Each county sets its rate based on budget needs but must adhere to a state-imposed cap.
  • To find your specific rate, contact your local county assessor’s office.

How Can I Appeal My Property Assessment?

  • If you disagree with your property assessment, you can appeal to the county assessor. See Appeals FAQs

Here’s the general process:

  • File a Petition: Submit a petition to the County Board of Equalization during the specified period usually in January.
  • Review and Hearing: Your case will be reviewed, and a hearing may be scheduled where you can present evidence to support your claim.
  • Decision: The board will make a decision regarding your appeal.

Are There Any Exemptions?

Yes, Nevada offers various exemptions that can reduce the taxable value of your property, such as:

  • Homestead exemption
  • Exemptions for veterans and surviving spouses
  • Senior citizen tax assistance
  • To apply, you must submit an application to your county assessor’s office.

When Are Property Taxes Due?

Property taxes in Nevada are typically due in four equal installments:

  • 3rd Monday in August
  • 1st Monday in October
  • 1st Monday in January
  • 1st Monday in March
  • Late payments may result in penalties and interest charges.

Who is affected?

  • Local Property Taxes are billed by your local county assessor and or treasurer.
  • Questions regarding billings should be addressed to your local county assessor/treasurer.
  • The name, address, parcel number and telephone number should be on the bottom portion of your bill.
  • See also Property Tax Types
  • County Officials Page

Note: FAQs are for general guidance only. For written advice as it relates to your business, request an advisory opinion from the Department.

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