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Nevada's real property transfer tax is:

Correct Answer

B) $1.95 per $500 of value for most counties, with an additional $0.65 per $500 in some counties for affordable housing

Nevada imposes a real property transfer tax of $1.95 per $500 of value (or fraction thereof). Clark County (Las Vegas) and Washoe County (Reno) add $0.65 per $500 to fund affordable housing.

Answer Options
A
No transfer tax
B
$1.95 per $500 of value for most counties, with an additional $0.65 per $500 in some counties for affordable housing
C
5% of sale price
D
$10 flat fee

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Related Topics & Key Terms

Related Topics:

closing costsseller net sheetNRS Chapter 375county-level surchargesaffordable housing funding

Key Terms:

transfer taxNRS 375Clark CountyWashoe Countyaffordable housing surchargeclosing costs
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