The following year, the cap comes into play.Įach year, she said, the State Department of Taxation tells them what the non-primary tax cap will be – the 3% stays the same. So the year the house is built, it’s taxed as taxes as assessed, which sets your base. If you purchased a home from a builder, the first time improvements are put on the tax roll, there hasn’t been what they call a tax cap base established. “However, the tax cap does not apply to new improvements,” she said. On non-primary residences, it would go up to $1,080. The next year, your taxes should not be more than $1,030. “And they think, ‘Well, my value can't go up more than 3%.’ The tax cap is not on value, the tax cap is on the taxes that you actually paid to the treasurer's office in the previous year.”Īs an example, Johnson said, last year your tax bill was $1,000. “Every December, we mail out to every property owner an evaluation card, letting you know what your value was in the previous year, and what your value is for the upcoming fiscal year. For all other property types, it’s capped at 8% – that includes vacant land, commercial property, rental properties and industrial properties. And if that’s true, how and when did it happen?īriana Johnson, the Clark County Assessor, said if you’ve informed them of your primary residence, tax is capped at 3%. So, why worry? Well, someone said there’s something about taxes going up by 8%. You may know the property tax cap is 3% and any increase is tied to an increase in the value of your home. Many people maybe glance at these letters and toss them aside or throw them in a drawer. If you’re a homeowner in Clark County, you’ve likely received letters from the Clark County Assessor’s Office about your property tax rate.
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