Nevada real estate: property tax, closing costs & insurance
Nevada has no state income tax and one of the lowest effective property tax rates in the country, offset by a real estate transfer tax that varies noticeably between Clark County (Las Vegas) and the rest of the state.
Property tax in Nevada
The effective rate runs about 0.55% of assessed value. Residential property is assessed at 35% of market value before that rate applies, so the millage number quoted locally is not applied to the full price. 3% cap owner-occupied / 8% other. Annual assessment growth is capped at 3% for an owner-occupant.
Transfer tax & closing costs
RPTT $1.95/$500 + Clark County $0.60/$500. Recording runs a flat $45. Title insurance is customarily paid by the seller, with a minimum owner’s premium of $300.
Insurance & capital gains
No state income tax.
Worked example: a $350,000 ARV flip in Nevada
Six-month hold, $45,000 rehab, 15% target profit margin, all-cash. This is the same reverse waterfall the calculator runs — see it live for your actual property.
- After-repair value$350,000
- Rehab budget−$45,000
- Closing costs — acquisition−$5,875
- Closing costs — disposition−$20,185
- Holding costs, 6 months−$2,120
- Target profit, 15%−$52,500
- Maximum Allowable Offer$224,320
If you’re investing
Clark County’s combined transfer tax rate ($1.95 state + $0.60 county per $500) is higher than Nevada’s statewide average — confirm the county-specific rate before pricing a Las Vegas-area deal instead of using a generic Nevada number.
If this is your home
With no state income tax and no capital gains tax at the state level, Nevada residency itself can be part of the financial case for a primary-residence purchase, separate from the property-level numbers this calculator produces.
Best suited for: Investors who want no state income tax exposure on rental income or an eventual sale.
Nevada FAQ
What is the Nevada real estate transfer tax rate?+
The statewide base is $1.95 per $500 of value; Clark County (Las Vegas) adds an additional $0.60 per $500, for a combined rate there of $2.55 per $500 (about 0.51%), customarily paid by the seller.
See the exact number for your Nevada property
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Other state guides
Sources: state and county assessor publications, state department of revenue transfer-tax schedules, and title-rate manuals filed with each state’s insurance regulator, effective 2025-01-01. Figures are estimates for planning purposes, not tax or legal advice — confirm with a licensed professional before closing. How the calculator works