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How Much is Property Tax on a $500,000 Home in Nevada?
Property tax on a $500,000 home in Nevada typically ranges from $1,500 to $4,500 per year (roughly $125 to $375/month), depending on the county. Based on the statewide average effective rate of 0.55%, you can expect to pay around $2,750/year, or $229/month. Nevada has no state personal income tax; property taxes are kept lower in part because the state generates substantial revenue from gaming and sales taxes.