Property Tax Rates & Rules
Nevada has an average effective property tax rate of 0.59%, making it one of the lowest property tax states in the nation. On a median-valued home of $485,000, the typical annual property tax bill is $2,861. Homeowners may qualify for a homestead exemption, which can reduce the taxable value of a primary residence. State law provides a tax cap (abatement) limiting primary residence increases to 3% annually. If you believe your property is over-assessed, you have the right to appeal.
Assessment Method
Taxable value is determined by adding the land value to the replacement cost new less depreciation.
Homestead Exemption Details
State law provides a tax cap (abatement) limiting primary residence increases to 3% annually.
How to Appeal Your Assessment
Petitions to the County Board of Equalization must be filed by January 15.
What is the property tax rate in Nevada?
Nevada has an average effective property tax rate of 0.59%. On a home valued at $485,000, the typical annual property tax bill is approximately $2,861. Rates vary by county — Washoe has the highest rates while Esmeralda has the lowest.
Does Nevada have a homestead exemption?
Yes. Nevada offers a homestead exemption for primary residences. State law provides a tax cap (abatement) limiting primary residence increases to 3% annually.
How is property assessed in Nevada?
Nevada assesses property at 35%. Taxable value is determined by adding the land value to the replacement cost new less depreciation. The assessed value is then multiplied by the local mill rate to determine your property tax bill.
How do I appeal my property tax assessment in Nevada?
Petitions to the County Board of Equalization must be filed by January 15.
Are there senior property tax exemptions in Nevada?
Nevada does not have a statewide senior property tax exemption, though some counties and municipalities may offer local relief programs. Contact your local tax assessor for available options.
When are property taxes due in Nevada?
Nevada property taxes are paid on a Quarterly: 3rd Monday of August, 1st Monday of October, January, and March.. Contact your county tax collector for exact due dates and payment options for your area.
How does Nevada property tax compare to neighboring states?
Nevada's average effective rate of 0.59% is well below the national average of approximately 1.1%. Use the comparison table above to see how neighboring states compare.
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Official Source
Nevada Tax Authority
Last verified: 2026-03-31 · Always confirm current rates before making real estate decisions.