Las Vegas Real Estate and Property Taxes

While a hybrid plan to reduce property taxes for many owners of Las Vegas real estate appeals to the Democrat-controlled Assembly, lawmakers in the Senate reserve judgment on whether the idea of selective tax relief will ultimately win the day in the Legislature. Under the plan, presented by Assembly Majority Leader Barbara Buckley, D-Las Vegas, people in single-family, owner-occupied Las Vegas homes of $500,000 or less in taxable value would see their tax bills capped at a 4 percent maximum increase per year.