Nevada housing costs at a glance
| Nevada | |
|---|---|
| Median home value (Zillow) | $447,000 |
| Average effective property tax | 0.5% |
| Typical rate for a new buyer (calculator default) | 0.6% |
| Average homeowners insurance ($300k dwelling) | $1,308 a year |
| 2026 conforming loan limit (one unit) | $832,750 |
Example: median-priced home
Nevada home for $447,000, 20% down, 6.5% 30-year fixed: principal and interest $2,260 + property tax $224 + insurance $109 = about $2,593 a month. Enter your own rate quote and the actual tax rate of the property for a precise figure.
Nevada property tax
Nevada taxes homes on 35% of their taxable value, which counts the land at market value but the house at its replacement cost minus depreciation, usually well below the sale price. On top of that, the tax bill on a primary residence can rise by at most 3% a year (8% for other property). The average effective rate is about 0.5% of market value.
Other Nevada costs
- Real property transfer tax: $2.55 per $500 of the price in Clark County (Las Vegas) and $1.95 per $500 in most other counties; who pays it is negotiable, often the seller.
- Insurance: about $1,310 a year, among the lowest in the West.
- No state income tax; see the Nevada paycheck calculator.
Other states
See also the Nevada paycheck calculator and mortgage costs in other states.
Frequently asked questions
What is the property tax rate in Nevada?
About 0.5% of market value on average, because the house is valued at depreciated replacement cost and increases are capped.
What is the monthly payment on a median-priced Nevada home?
On a $447,000 home with 20% down at 6.5%, principal and interest are about $2,260; with property tax at 0.6% and average insurance the total is about $2,593 a month.
How much is the transfer tax in Las Vegas?
$2.55 per $500 of the price (0.51%) in Clark County; $1.95 per $500 in most other counties.
How much can Nevada property tax go up each year?
For a primary residence, at most 3% a year (8% for other property).
For information only; not a loan offer. Property tax, insurance and closing costs depend on the specific property and lender.
Sources
- Nevada Department of Taxation – property tax
- FHFA – 2026 conforming loan limits
- U.S. Census Bureau ACS 2024 – real estate taxes (via NAHB / Construction Coverage)
- Zillow Home Value Index
- Insurify – home insurance by state
Rules checked: October 2026