Land Use & Zoning

What is Nevada's Effective Date of Assessment for property tax purposes?

AJanuary 1 of each tax year✓ Correct
BThe first Monday of June preceding the fiscal year
CJuly 1 (the beginning of Nevada's fiscal year)
DThe date the property was purchased

Explanation

Nevada's assessment date is January 1 of each year. The county assessor values all taxable property as of January 1, and those values are used to calculate property taxes for the fiscal year beginning July 1 of the same year.

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