Nevada Property Taxes Are Middle of the Road

by: Marc Rasmussen – Longboat Key Condos

Using 2009 U.S. Census data, the nonprofit Tax Foundation created a state-by-state comparison of property taxes using three criteria: median property tax paid, property tax as percentage of a home’s worth, and property tax as a percentage of median income.  Visit Tax Foundation to view their reports.

The median property tax paid on a home in Nevada was $1,749 which was 24th in the nation. Taxes paid on a home in Florida (where I live) was $1,773 which puts the state at No. 23 in the state-by-state comparison. The most expensive property taxes were found in New Jersey with the median homeowner paying $6,579. The least expensive state was Louisiana where the median homeowner paid out only $243.

The median property tax nationwide was $1,917 which means both Nevada and Florida are below median. Frankly, I get a bit tired of people complaining about Florida property taxes.

As a percentage of the home’s value, Nevada ranked No. 28 based on a median home price $207,600. Florida ranked No. 22 based on a median home price of $182,400. New Jersey again ranked No. 1 based on a median price of $348,300, while Louisiana’s median home value was $135,400. The national median home value used for the study was $185,200.

As a percentage of homeowner’s income, Nevada ranked No. 28 based on a median of $66,086 per household. Florida ranked No. 18 based on a median of $53,595 per household. New Jersey’s median income hit $88,343, while Louisiana homeowners made $50,545. The national median income was $63,306.