RPTT is levied on the transfer of title to real property. The tax becomes payable when a deed or similar legal document is recorded, verifying that property's ownership has been transferred.

• Each County Recorder’s Officer in the county where the property is located handles the imposition and collection of the RPTT at the time a property transfer is recorded.
• Tax Determination: The tax amount is calculated based on the property value declared on the Declaration of Value form.
• Exemptions: The County Recorder also reviews any applications for exemptions to determine if the transaction qualifies for tax relief.
• Tax Collection: The tax is collected when the transfer documents are recorded.
• Funds Transfer: After collection, the County Recorder’s Office sends the collected taxes to the State of Nevada, minus any statutory collection allowance.

Base Rate Calculation

• General Rate: For all counties, the rate is $1.95 for every $500 of the property’s value or any fraction thereof, as long as the value is over $100.

Additional County Rates

• Washoe and Churchill Counties: An additional $0.10 is added to the base rate.
• Clark County: An additional $0.60 is added to the base rate.

• Real Property Transfer Tax FAQs
• Real Property Transfer Tax Reports
• Declaration of Value Form:
  The Declaration of Value is a form prescribed by the Nevada Tax Commission to provide information with regard to the transfer of real property. The form must be filled out  completely and in compliance with recording standards.  It may be obtained in any County Recorder's Office and/or website (if a website is available in your county). It may also be obtained from the State of Nevada, Department of Taxation website.

Exemptions

There are 14 possible exemptions to the imposition of the Real Property Transfer Tax (NRS 375.090). They include in abbreviated form:

1. A mere change of identity, form or place of organization, if the affiliated corporation has identical common ownership.
2. A transfer of title to the United States, any territory or state or any agency, department, instrumentality or political subdivision thereof.
3. A transfer of title recognizing the true status.
4. A transfer of title without consideration from one joint tenant/tenant in common to one or more remaining joint tenants/tenants in common.
5. A transfer of real property if the is related to the person to whom it is conveyed within the first degree of lineal consanguinity or affinity.
6. A transfer of title between former spouses in compliance with a decree of divorce.
7. A transfer of title to or from a trust without consideration if a certificate of trust is present at the time of transfer.
8. Transfers, assignments or conveyances of unpatented mines or mining claims.
9. A transfer to a corporation or other business organization if the person conveying the property owns 100% of the corporation or organization to which the conveyance is made.
10. A conveyance of real property by deed which becomes effective upon the death of the grantor pursuant to NRS 111.109.
11. The making, delivery or filing of conveyances of real property to make effective any plan of reorganization or adjustment:
    • Confirmed under the Bankruptcy Act, as amended, 11 U.S.C. §§ 101 et seq.;
    • Approved in an equity receivership proceeding involving a railroad; or
    • Approved in an equity receivership proceeding involving a corporation, if it occurs within 5 years after the change.
12. The making or delivery of conveyances of real property to make effective any order of the Securities and Exchange Commission if:
    • If it recites that the transfer or conveyance is necessary or appropriate to effectuate the provisions of section 11 of the Public Utility Holding Company Act of 1935, 15 U.S.C. §§ 79k;
    • The order specifies and itemizes the property ordered to be transferred; and
    • It is made in obedience to the order.
13. A transfer to an educational foundation
14. A transfer to a university foundation