Nevada caps annual property tax increases at 3% on primary residences and 8% on other property. The cap applies to the tax bill itself, not the assessed value, which means even rapid market value increases produce only modest tax bill increases for long-term homeowners. New buyers face the full current-year tax bill based on purchase price.

Clark County (Las Vegas) charges $5.10 per $500 of sale price in Real Property Transfer Tax, doubled from the state base rate. On a $445,000 Las Vegas home, this is $4,540, typically paid by the seller but negotiable. Other Nevada counties charge the standard $2.55 per $500 rate. The Clark County premium funds local programs unique to the metro.

Nevada has no personal income tax. For high earners moving from California (top rate 13.3%), this can mean tens of thousands of dollars in annual tax savings on the same gross income. Combined with lower home prices and Nevada's strong homestead protection, this drives substantial California-to-Nevada migration, particularly to Reno (within day-trip distance of Bay Area) and Las Vegas (entertainment-industry remote workers).