How Taxable Value of Property is Determined

Determining the Taxable Value

Real Property
Each assessor's office in Nevada estimates the property's "taxable" value by considering its location, zoning, actual use, etc. Land values are estimated from market sales of vacant property or other recognized appraisal methods when vacant land sales are limited or non-existent. The taxable value of buildings is the estimated replacement cost new, less depreciation. The land value is added with the improvement's value, if any, to arrive at the property's overall taxable value. Taxable value may not exceed a property's "full cash" or market value.

Property in Nevada is required to be reappraised (revalued) at least once every five years. All property is reappraised annually in Douglas County. Additional appraisals may occur when improvements are added, new structures are built, or because of use or zoning changes.

Special Note
If a structure has been removed from the property and the assessor's office is notified, the assessor will delete the value from the assessment. Also, if on or after the lien date there was partial or total destruction of an improvement and the property was rendered unusable for not less than 90 consecutive days, the owner of the property may be entitled to an adjustment or credit.

For More Information
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