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Las Vegas Finance, Money, and Taxes |
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Important Property Tax Information |
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The Assessor’s Office of Clark County determines the value of each parcel of land whether it be improved or unimproved. The value is multiplied by 35% to acquire the assessed value of the property.
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Property taxes are figured by multiplying the assessed value by the tax rate, which for the 2004-2005 tax year was an average of $3.30 per $100.00 of assessed value.
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Here is an example of how to calculate the tax on your home. Assume you have a home with a taxable value of $100,000.00, located in the City of Las Vegas. The tax rate for 2004-2005 is $3.30 per $100.00 of assessed value.
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To calculate the tax, multiply the assessed value by the tax rate ($3.30 per hundred dollars of assessed value): $35,000 (Assessed Value) x .033 (Tax Rate) = $1,155 taxes for the 2004-05 fiscal
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| year. Property taxes are most commonly paid quarterly (see dates below). |
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| $100,000 X 35% = $35,000 Assessed Value |
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| $35,000 X 3.30% = $1,155.00 Property Taxes for the Year 2004-2005 |
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| 1st Quarter |
| 3rd Monday of August |
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| 2nd Quarter |
| 1st Monday of October |
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| 3rd Quarter |
| 1st Monday of January |
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| 4th Quarter |
| 1st Monday of March |
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Glossary of Property Tax Terms: |
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| Assessed Value: The property value determined by the County Assessor and used by the treasurer to calculate a tax amount. The method of determining the assessed value is specific in Nevada tax law (N.R.S. 361) and by regulations from the Nevada Department of Taxation. The assessed value is stored at a rate of 35% of the taxable value of the property. |
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| Assessed Value Rate: 35% of the current taxable value. |
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| Assessment: The valuation of property for tax purposes. |
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| Assessor: The elected official whose legal responsibility it is to discover, list and value all property in his/her jurisdiction. |
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| Improvements: All buildings, structures, pools, fences, etc., fixed to the land. |
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| For tax questions feel free to contact the Clark County Manager’s Office-Budget Division at 702-455-3543. |
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| For assessment questions feel free to contact the County Assessor’s Office at 702-455-4997 or go to their website at http://www.co.clark.nv.us/assessor |
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