If you thought Halloween was scary, Monday is also the day property taxes are due for the second half of 2016.
According to County Assessor Peter Van Nortwick’s website, the county has 169,505 individual parcels of land, of which 163,807 are taxable at regular rates (there are exceptions for land owned by government and utilities, for example). The total taxable assessed value of Clark County this year is more than $46.6 billion, nearly $3.4 billion more than a year ago due to increased values and some $721.8 million in new construction.
Property taxes are calculated based on the value of real estate property. It’s Van Nortwick’s job to keep track of all of those 169,505 parcels and affix a value on each. The property owners are then taxed at a rate per $1,000 of assessed property value.
Your job as a homeowner is to send money to county Treasurer Doug Lasher in April and October. He will split the money among many different jurisdictions. Fantasize for a minute that your home is worth $1 million (still a pretty rare home in Clark County, but it makes the math easier). Lasher will send the first $2,078 of your check to the state government, and deposit $1,239.10 into the county general fund. (The majority is actually going to be spent on law enforcement and criminal justice.)