PROPERTY TAXES IN NEVADA
Property Tax Calculation Summary
Typical $150,000 Home
Year 1
Year 2
Year 3
Year 4
Year 5
Year 51
Cash Value of Land*
$50,000
$51,250
$52,531
$53,845
$55,191
$171,855
Repl. Cost of Improvements*
$100,000
$102,500
$105,063
$107,689
$110,381
Less: Depreciation Factor
$-
$(1.538)
$(3.152)
$(4.846)
$(6.623)
$343,711
$(257.783)
Total Taxable Value
$150,000
$152,213
$154,442
$156,688
$158,949
$ 257,783
Assessment Rate
35%
35%
35%
35%
35%
35%
Assessed Value
$52,500
$53,274
$54,055
$54,841
$55,632
$90,224
Tax Rate (Per $100 of Value)
$2.8985
$2.8985
$2.8985
$2.8985
$2.8985
$2.8985
Resulting Tax Liability
$1,522
$1,544
$1,567
$1,590
$1,612
$2,615
Effective Tax Rate (Tax Liability as a
1.01%
1.00%
0.99%
0.98%
0.97%
0.51%
Share of Taxable Value Before Depreciation)
*Note: For illustrative purposes, assumes an annual growth rate of 2.5 percent for land and improvements.
PROPERTY TAXES IN NEVADA
APPLIED
ANALYSIS
A REVIEW AND ANALYSISView entire presentation