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You can find great local Nevada real estate information on Localism.com Mary Warren is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business. Nevada and Real Property Transfer TaxPosted at 7:19 PM, Jun. 24, 2007The Real Property Transfer Tax is a tax collected when a home is sold in the state of Nevada. The County Recorder collects it at the time of recording and is part of the seller's closing costs. In Clark County NV (Las Vegas, Henderson, etc) the rate is $5.10 per $1000 of value. This is approximately 1/2 % of the sale price of a home. If a typical home sells for $250,000 the transfer tax would then be $1300. This cost is typically a seller cost but can be negotiated.The basis for the tax is the actual selling price or the estimated market value of the property.Who is Affected: All parties who participate in transactions involving the transfer of real property. All of Nevada pays this tax...it varies as to the amount from county to county. |
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