Calculating Las Vegas Property Taxes
To calculate the tax on a new home that does not qualify for the tax abatement, let's assume you have a Home in Las Vegas with a taxable value of $200,000 located in the as Vegas with a tax rate of $3.50 per hundred dollars of assessed value. To determine the assessed value, multiply the taxable value of the home ($200,000) by the assessment ratio (35%): $200,000 X .35 = $70,000 assessed value.
To calculate the tax, multiply the assessed value ($70,000) by the tax rate (.035): $70,000 x .035 = $2,450.00 tax for the fiscal year.
If the home has already qualified for a 3% or 8% tax abatement, taxes will be figured on the assessed value from the base year it qualified.
In Clark County, there are currently many tax districts. The tax rates for these districts are based on the number of monies budgeted for the necessary maintenance and improvements of their facilities and services. The tax monies collected for the districts pay for schools, police and fire protection, along with other services that taxpayers demand and desire from their local government. These tax rates vary depending on the type of services provided to an area. In addition to basic city taxes, many districts have additional percentages to pay for the specific needs of the area. Example: special water, police, library, fire prevention, redevelopment, etc.
Learn more by following this link to the Clark County, Nevada Assessors page.
Tax rate questions: Clark County Manager's Office - Budget Division 702-455-3543
Assessment questions: Assessor's Office 702-455-4997
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