3 ms·
I was curious about the difference, and a quick search suggests Nevada has property tax rate of 0.44% and California is 1%. I'm not from the US so wasn't sure w
by glenngillen 1y ago
I was curious about the difference, and a quick search suggests Nevada has property tax rate of 0.44% and California is 1%. I'm not from the US so wasn't sure why your experience differs from my very brief and naive comparison. Are there multiple layers of marginal rates or something that contribute to the actual property tax rate in each location?
- CrazyStat 1y agoHe may be paying a much lower property tax rate in California due to Prop 13, which limits property tax increases to 2% per year as long as the property doesn’t change owners. If you bought a house for $200k in 1990 which is worth $1.5 million today you don’t pay anything close to 1% because of that 2% annual increase cap.