All Forum Posts by: Stephen DeThample

As an active cyclist and triathlete, I am looking at places that are cycling and outdoor sports destinations to cater a rental to athletes. Some places I am looking at include Flagstaff, Pigeon Forge, and Las Vegas.

I am hoping to use this site to build connections in those areas to get "boots on the ground" information and support to find the best location.

Thank you all for replying to my post.

What's the formula for the property tax rate for rental properties in Las Vegas? Is there an online calculator for this?

I'm currently considering whether to 1031 a couple of rental SFH's I have in the DFW area over to Vegas.

Having lived in an owner-occupied house here for 3 years now and looking at my Clark County bill:

- The assessed value is only 25% of the current "quick and dirty" market value (Redfin, Z)

- There's a line item where property tax rate appears to be 3% of the assessed value

- ... however, another line item subtracts a lot from this because of the lag from owner-occupied increase cap percentage of 3% annually (if I'm understanding correctly

Also, despite changing hands 3 years ago, it's interesting that the assessed value didn't get re-assessed to the purchase price back then. My purchase price 3 years ago is still almost 3x the most updated assessed value by the Clark County Treasurer.

I imagine that the property tax rate can be calculated quite differently with residential rental properties. Can anybody shed some light?