How Are Property Taxes Calculated?

M. W. Schofield, Assessor

 

NRS 361.4723 provides a partial abatement of taxes. Please click on the following link for more information on the tax abatement .

 

To calculate the tax on a new home that does not qualify for the tax abatement, let's assume a home with a taxable value of $200,000, located in the City of Las Vegas with a tax rate of $3.50 per hundred of assessed value (.035). To determine the assessed value, multiply the taxable value of the home ($200,000) by the assessment ratio (35%):

 

$200,000 X .35 = $70,000 assessed value

 

To calculate the tax, multiply the assessed value ($70,000) by the tax rate (.035): $70,000 x .035 = $2,450.

 

If the home has already qualified for a 3% or 8% tax abatement, taxes will be figured on the assessed value from the base year it qualified. Questions regarding a tax amount for a specific property should contact the Treasurer's Office 702-455-4323.

 

For Mesquite City:

Fiscal Year 2007-2008

DISTRICT 901 MESQUITE CITY
		State, County and School	2.1275
		Mesquite City	0.5520
		Las Vegas/Clark County Library District	0.0743
		Las Vegas/Clark County Library District Debt	0.0123
		Virgin Valley Water District	0.0000
		Total		2.7661