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Old 04-21-2009, 11:57 AM
 
3,332 posts, read 1,964,561 times
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I am thinking of buying in the Anthem area in the next 6 months. How are property taxes determined? Say a house sold for 300K in 2005 or 2006 and the property taxes are roughly $2500. The house is bank owned and is listed at 175K. Will the taxes be based on the new sell price? What is LID?

Also, I see houses saying "south facing" or "east facing" etc. What are the concerns there?

Thanx in advance for your input!
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Old 04-21-2009, 12:23 PM
 
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Assessor Home Page

The tax year runs from July 1 thru June 30. Assessments come out in December. Appeals must be filed by 15 January. Assessment is supposed to be fair market value as of 1 January.
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Old 04-21-2009, 03:35 PM
 
Location: Las Vegas
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South, East gives you an idea of how the home is catching the sun. Ours faces West and the bedrooms catch a lot of heat early to mid day. We resolved that with blackout drapes from Walmart.

Taxes, in other words the calculation doesn't reflect the lower appraised or sale price until the upcoming July, so buy now. How the taxes are calculated and assessed can be googled, www.bartaustin.com/lasvegas/property-taxes.html, that site doesn't mention the "cap". The "cap" and how it is to be applied with prices going down instead of up is beyond me. When I bought I found a site that explained it down to the penny. Sorry don't know which one it was right now. Or you could call Clark County Assessor's office, 702-455-4011.

I hope some of this helped. Welcome to Las Vegas and remember to buy soon. Good Luck.
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Old 04-21-2009, 09:26 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,212,370 times
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YOu can find the actual calculation at the county...

How Property Taxes are Calculated?

Note that the example is a relatively high rate. NLV off hand. County rates are less.

1% for a quick approximation works pretty well. 1.25 in NLV
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Old 04-22-2009, 08:32 AM
 
3,332 posts, read 1,964,561 times
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Default Got it

Thanx to all responders!
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