PROPERTY TAXES IN NEVADA

• Determination of Taxable Value (Tax Base) - Land: Full cash value Tax Base & Tax Rates – Improvements: Replacement cost less depreciation at 1.5 percent per year - for up to 50 years Assessment Rate: 35% of Taxable Value • Tax Rates – Vary by jurisdiction - ― Legislatively imposed cap: $3.64 per $100 of assessed value* - - Constitutionally imposed cap: $5.00 per $100 of assessed value *Note: The state imposes an additional $0.02 outside of the cap, making the effective cap $3.66. PROPERTY TAXES IN NEVADA A REVIEW AND ANALYSIS APPLIED ANALYSIS

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