The appraised value of your land is the Assessor's estimate of its market value, taking into account its location, zoning, actual use, etc. The appraised value of your buildings is their estimated replacement cost less depreciation. They change when either your tax rate changes or your assessed value changes. Your assessed value can change because of a boundary change, new construction, a change in use, reappraisal or factoring. Boundary changes occur when old parcels are either subdivided or combined.
New construction includes new buildings, additions, remodeling, etc.
Changes in use are, for example, a change from residential use to office or retail use. Reappraisal or factoring is done to keep values up to date with changes in individual properties, local and neighborhood trends, and inflation or recession. Each year, all properties will either be reappraised or their previous assessed value will be factored using factors established or approved by the Nevada Tax Commission. If your property has been removed, or severely damaged by a disaster such as a landslide, flood, etc. please contact the Assessor's Office so that we can correct your assessed value. When the tax roll is completed each November, value change notices are sent to all taxpayers.