Treasurer’s Office Tax Rates

Washoe County Treasurer, Ms. Tammi Davis

HOW THE TAX RATE IS DETERMINED

The tax rate is proposed in April of each year based on the budgets prepared by the various local governments: counties, cities, school districts, special districts such as fire protection districts, etc. Prior to the budget hearings, the County will publish a newspaper ad which identifies any property tax rate increases, as well as the times and locations of the budget hearings. These hearings present an opportunity for the public to hear discussion about expenditures and the property tax rates which will be set to cover the proposed expenditures. Budgets for local governments must be adopted no later than June 1. In June of each year, the Nevada Tax Commission approves the property tax rates and the budgets submitted by the local governments.

HOW PROPERTY TAXES ARE CALCULATED

To compute the property taxes for a particular parcel of property, simply multiply the assessed valuation by your county’s tax rate as show in the following example.

Taxable Value X 35% = Assessed Value X Tax Rate = Property Taxes Due

HOW THE PROPERTY TAXES ARE COLLECTED

PROPERTY LISTED ON THE SECURED ROLL (The listing of real property values as prepared annually by the Assessor. The payment of the tax is secured by a lien against the real property). Property taxes are collected by the County Treasurer based on the tax bills sent out in July of each year. The County Treasurer mails each property owner an itemized tax bill and the tax information is available electronically to all mortgage companies, title and tax service companies. The itemization details the individual tax rate for each government which is supported by a property tax rate. If the Property tax is greater than $100, it may be paid in four installments. Property taxes are due as follows:

August Third Monday First Installment

October First Monday Second Installment

January Fist Monday Third Installment

March First Monday Fourth Installment

Whether or not you have an impound account through your mortgage company, the property owner is ultimately responsible for the timely payment of taxes.

2000 – 2010 average county wide tax rate equals 3.5767

2009 – 2010 sales tax rate is 7.725%

For additional information, contact the Washoe County Assessor’s Office at (775) 328-2200 or visit their website at http://www.co.washoe.nv.us/assessor/cama.