How does Nevada calculate property tax?

Nevada taxes property on its ASSESSED value, which is fixed at 35% of the property's taxable market value. The county then applies a combined tax rate expressed in dollars per $100 of assessed value. So a $450,000 home has an assessed value of $157,500, and the tax is that figure divided by 100 and multiplied by the combined rate.

What is the combined property tax rate in Las Vegas?

The City of Las Vegas within Clark County has a combined rate of roughly $3.2782 per $100 of assessed value for FY 2024-25. This combined rate bundles the state, county, school district, city, and special-district levies into a single number. Your exact rate depends on which tax district your parcel sits in.

Why is the effective Las Vegas property tax rate often quoted as about 0.59%?

Although the headline math gives a higher effective rate, Nevada caps annual property-tax INCREASES at 3% for owner-occupied primary residences. Over many years this abatement holds long-held homeowners' bills far below the unconstrained rate, so the effective rate paid on long-held primary homes frequently lands near 0.59% of market value.

Does Nevada have a homestead exemption that lowers property tax?

No. Nevada's homestead law is a creditor-protection statute that shields home equity from certain judgments; it does not reduce your taxable value or property tax. The main relief mechanism for property tax is the 3% (primary residence) and 8% (other property) annual increase cap, not an exemption.

How do I use the 3% abatement cap in this estimator?

Enter last year's actual tax bill in the optional field. If this year's gross calculated tax exceeds last year's bill by more than the cap percentage (3% for a primary residence, 8% otherwise), the estimator limits the bill to that capped ceiling and tells you the cap was applied.

Las Vegas Property Tax Estimator — Nevada 35% Assessment + 3% Cap

Nevada uses one of the most distinctive property-tax systems in the United States. Instead of taxing the full market value of your home, the state taxes the assessed value, which is set at exactly 35% of taxable market value. Clark County then applies a single combined rate expressed in dollars per $100 of assessed value — roughly $3.2782 for the City of Las Vegas in FY 2024-25. On top of that, Nevada caps how much your bill can rise each year, which is why long-held Las Vegas homes often show an effective rate near 0.59% of market value.

How it works

The estimator runs the official Nevada chain entirely in your browser:

Assessed value = Market value x 0.35 Annual tax = (Assessed value / 100) x Combined rate

For a $450,000 home at a combined rate of $3.2782 per $100:

Assessed value: $450,000 x 0.35 = $157,500
Gross annual tax: ($157,500 / 100) x 3.2782 = $5,163.17

Nevada then applies an abatement cap to limit year-over-year increases. If you enter last year’s bill, the tool caps this year’s result at last year’s bill plus 3% (owner-occupied primary residence) or 8% (other property), and flags when the cap kicks in.

The 3% cap and the 0.59% effective rate

The gross math above looks high, but the abatement cap compresses real bills over time. A homeowner who has owned for years sees their bill rise by at most 3% annually even as market value climbs much faster. After a decade of appreciation, the bill paid divided by current market value commonly falls to around 0.59% — the figure local agents quote. New buyers reset closer to the unconstrained rate until they accumulate years under the cap.

Notes and example

Nevada has no general homestead tax exemption — the homestead law only protects equity from creditors.
The combined rate varies by tax district within Clark County. Unincorporated areas, Henderson, and North Las Vegas use different combined rates; adjust the rate field accordingly.
This is an estimate. Your county assessor sets the official taxable value, which can differ from a sale price or appraisal. Check the Clark County Assessor at clarkcountynv.gov for your parcel’s exact assessed value and tax-district rate.

Everything is computed locally — no values leave your browser.