I know that property taxes in Las Vegas are about 1% of the taxable value of the property. Is the taxable value the same or about the same as the purchase price?
Real Estate Agent · Las Vegas, NV · Member since 2016 · 107 posts · 57 votes
7y
Property taxes are roughly .5% to 1% of the MARKET VALUE depending on the township, age of home, etc. "taxable value" is way different from the market value, it's calculated with some weird algorithm like 35% of the market value or something. You can look up the exact tax amounts here and also see what their formula is: