Tax Calculation for New Homes/Construction:

In new developments, because these homes have not been assessed by the county assessor, your property tax at closing will be calculated at approx 1% of sales price. This is the typical figure your lender would use to configure your monthly payments. As your development get assessed, the new rate will be applied automatically BUT the county will not back date and refund you any excess payments you made should the new rate be lower.

How is Property Tax Calculated

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.


To view Clark County Tax rate by Tax Districts click here, go to: www.co.clark.nv.us