Property Taxes in Nevada
Nevada's effective property tax rate is 0.49%, ranking #8 out of 50 states (1 = lowest). The median annual property tax paid is $1,893.
Nevada's property tax system is capped by the state constitution at $3.64 per $100 of assessed value, and assessed value is set at 35% of taxable value. Additionally, a tax cap limits annual increases to 3% for primary residences and 8% for other properties. This cap system, combined with the relatively low base rates, creates one of the more favorable property tax environments in the western US. When you purchase a new home, however, you'll pay based on the current assessed value — not the capped rate the previous owner may have been enjoying.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
0.49%
Median Annual Tax
$1,893
National Rank
#8 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $980 | $82 |
| $300,000 | $1,470 | $123 |
| $400,000 | $1,960 | $163 |
| $500,000 | $2,450 | $204 |
| $750,000 | $3,675 | $306 |
* Based on the average effective rate of 0.49%. Actual rates vary by county and municipality.
Homestead Exemption in Nevada
Up to $605,000
File for the homestead exemption after purchasing your primary residence in Nevada to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
How Nevada Compares
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