October 18, 2019

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Are You Paying Too Much For Property Taxes?

It is no secret that over the past several years both commercial and residential property values in Clark County, Nevada have plummeted, and in some places, continue to fall. Recently, values have increased in certain areas of the state and foreclosures have slowed. However, despite decreased property values, property taxes have stayed the same or have increased.

It is estimated that nearly 60 percent of all property owners in Clark County are paying too much for their property taxes. Only 2 percent of property owners are taking the necessary actions to contest the taxes in order to reduce the amount they pay.

The January 15, 2013 deadline to contest property taxes for the 2013-2014 fiscal year is rapidly approaching. The appeal period opens in December 2012.

If the taxable value of your property exceeds the full cash value, you may be paying too much for property taxes, and you may have grounds to dispute the taxable value and receive a reduction in your property taxes.

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About this Author


Mr. Martin is a partner in the firm’s Business section. He practices in the areas of corporate and business law, real estate and commercial transactions, and taxation.

Mr. Martin's practice includes real estate and transactional deal experience, and he represents local, regional, national and international clients in the real estate development and corporate industries. He works in all areas of real estate (residential and commercial) and corporate transactions including acquisition, financing, note purchases, foreclosures, short sales, development, operation and disposition of...