What is the Property Tax Rate in Nevada?

Based on HomeLight’s analysis of publicly available data, the average effective property tax rate for a primary residence in Nevada is approximately 0.50% of its estimated value. This is lower than the national average of 0.90%.

For example, with a 0.50% effective tax rate, a homeowner with a $450,000 home might pay around $2,250 in annual property taxes.

An effective property tax rate represents the actual percentage of a property’s market value that a homeowner pays in taxes, considering the assessed value and any exemptions or deductions.

Note: HomeLight’s Nevada property tax calculator provides a ballpark estimate for a primary residence using average rates. Your tax can vary based on location and the specific taxing districts (e.g., schools, fire districts, and libraries) that apply to your parcel. For a precise number, contact the Nevada Department of Taxation’s Local Government Services page.

Are There Property Tax Exemptions in Nevada?

Homeowners in Nevada may qualify for several property tax exemptions that can lower their tax bill. These are offered through the Nevada Department of Taxation and administered locally by the county assessor’s office, depending on your location.

Common exemptions in Nevada include a homestead exemption, which can exempt up to $605,000, senior city tax assistance, and exemptions for veterans and their surviving spouses.

If you’re buying a home in Nevada, note that property tax exemptions do not automatically transfer from the previous owner. After the home changes hands, you’ll need to reapply based on your own eligibility.

When Are Nevada Property Taxes Due?

Property taxes in Nevada are typically due in four equal installments:

3rd Monday in August
1st Monday in October
1st Monday in January
1st Monday in March
Late payments can result in penalties and interest charges.

What Do Property Taxes Pay For in Nevada?

Local property taxes in Nevada pay for important local services, including:

Public schools
Police, fire, and EMS services
Roads, streets, and traffic signals
Parks, libraries, and community centers
City and county government operations
Infrastructure like water, sewer, and trash services
Repayment of local bond projects (such as transit and school improvements)

What Does It Cost to Buy a Home in Nevada?

How Much House Can You Afford?

Affordability in Nevada depends on your income, debt, credit score, and mortgage rate. With a median household income of around $76,364 in the Silver State, a buyer might afford a home in the $250,000-$255,000 range using standard debt-to-income guidelines. However, with the Nevada median home price hovering at $450,000, many buyers need dual incomes or additional savings to qualify.

Use HomeLight’s Home Affordability Calculator to estimate your budget based on your income, debts, and current rates.

What Down Payment Will You Need in Nevada?

According to Visual Capitalist, the average down payment on a house in Nevada is 15.0%. However, down payment amounts vary widely depending on loan type and credit score. While 20% used to be the expected standard, many buyers put down between 5% and 15%, with 3% options available for FHA and some conventional first-time buyer loans.

For a $450,000 home, here’s what your down payment could look like:

3% down = $13,500
5% down = $22,500
10% down = $45,000
15% down = $67,500
20% down = $90,000

Try HomeLight’s Down Payment Calculator to see how different down payments affect your monthly payment and loan size.

How Much Are Closing Costs in Nevada?

Buyers in Nevada can expect to pay about 2% to 5% of the purchase price in closing costs. These may include:

Loan origination and underwriting fees
Title insurance and escrow fees
Appraisal and inspection costs
Prepaid property taxes and homeowners’ insurance
Filing and recording fees

For a $450,000 home, that means estimated closing costs of $9,000 to $22,500. Use HomeLight’s Closing Costs Calculator to get a personalized estimate based on your expected Nevada home purchase price.

How To Find a Trusted Nevada Real Estate Agent

An experienced Nevada agent can help you understand local tax rates, school districts, and development trends — and guide you toward neighborhoods that fit your lifestyle and budget.

HomeLight’s free Agent Match tool uses data from over 27 million transactions and thousands of verified reviews to match you with top Nevada agents based on proven performance. Tell us a little about your buying plans and get matched today with no obligation.

Additional resources when searching for a trusted buyer’s agent in Nevada:

Buying and Selling? Consider “Buy Before You Sell”

If you’re buying a new home in Nevada but need to sell your current property first, HomeLight’s Buy Before You Sell program can simplify the entire process. This modern solution helps you unlock equity from your current home so you can make a non-contingent offer on your new home — and only move once. Watch the short video below to see how it works.