Updated june 2020
Nevada property tax bills and the effect of the coronavirus
Tax bills for fiscal year 2020-21 will be issued in July of 2020. The values on which those bills are based were issued by the assessors in December of 2019 and the time to appeal those values ran in January of 2020 – before the impact of the coronavirus epidemic was evident. There is no provision that allows property owners to now challenge the taxable values for tax year 2020-21 based on the intervening impact of the coronavirus epidemic.
The taxable values for tax year 2021-22 will be issued by the assessors in early December of 2020. Those values will need to be critically reviewed to ensure they reflect the loss of value resulting from changed market conditions caused by the coronavirus epidemic and the resulting closure of businesses. If those values do not adequately account for the affect the epidemic has had on market value, the values can be challenged by appealing to the county board of equalization. The deadline for filing an appeal is January 15, 2021.
Our property tax attorneys know the critical legal and valuation factors that affect the tax treatment of property in Nevada and are prepared to assist property tax owners in evaluating and , when appropriate, challenging that tax treatment.
Paul D. Bancroft
American Property Tax Counsel (APTC)