Nevada Assessment Deadline Is Approaching—Act Now!

As the year comes to a close, property owners in Nevada should be receiving their 2024/25 fiscal tax year valuations in the mail. For property owners who have concerns about their 2024/25 valuations, January 15, 2024, is a crucial date. This marks the deadline for review and filing petitions to appeal property values in the state of Nevada. It is essential for property owners to provide us with their year-end operating statements and rent rolls for leased properties, allowing us to review for potential appeal support.

It’s essential to take advantage of the appeal process, as appeals allow property owners to challenge the assessed value if they believe it does not accurately reflect the market value of their property. The Nevada tax cap, which is set at 8.0% for the existing tax year, often mitigates an appeal opportunity as it limits the annual net tax increase.

For help filing an appeal, reach out to one of our experts at Ryan today. Our team can provide valuable insights and assistance in navigating the appeal process, ultimately helping you achieve a just and precise property tax assessment. Don’t let your property tax rates increase without exploring your options. Contact our experts to ensure your property’s value is assessed correctly.