Nevada variant. This is a Nevada-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Nevada's effective property tax rate of 0.55% means the owner of a median $425,000 home pays roughly $2,338 per year - a figure that varies widely by state.
How Nevada property tax is calculated
Property tax = assessed value × local millage rate. The 0.55% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $425,000 Nevada median home, that works out to about $2,338/year or $195/month - often escrowed into your mortgage payment.
About taxes and housing in Nevada
Nevada levies no state income tax on individuals, funding government largely through sales and gaming-related taxes instead.
Nevada has one of the lower effective property tax rates in the country, near 0.55%, with median home values around $425,000.
Nevada's economy is heavily driven by tourism, gaming, and hospitality, concentrated in the Las Vegas and Reno areas.
Worked example: tax on a $425,000 home
$425,000 × 0.55% = $2,338 per year. A $500,000 home in Nevada would owe about $2,750 annually at the same effective rate.
Quick reference
- State income tax: No state income tax
- State sales tax: 6.85% (plus 1.39% avg local)
- Median home value: $425,000
- Median household income: $72,330
- Effective property tax rate: 0.55%
- Avg auto insurance: $2,169/yr
Frequently Asked Questions
What is the property tax rate in Nevada?
Nevada's effective property tax rate averages 0.55% of market value per year.
How much property tax on a $425,000 home in Nevada?
About $2,338 per year at the 0.55% effective rate.