All Roll Calls
Yes: 63 • No: 0
NevadaAB37783rd Regular Session (2025)HouseWALLET
AN ACT relating to real property; requiring the Nevada Tax Commission to include in the form prescribed for the declaration of value of real property a section in which a property owner is authorized to claim certain partial abatements of property taxes; prescribing the manner in which a property owner is required to claim such partial abatements; and providing other matters properly relating thereto.
Sponsored By: Sponsor information unavailable
Signed by Governor
BDR 32-923
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 3 benefits, 1 costs, 0 mixed.
Tax cap for owner-occupied homes
Beginning October 1, 2025, if you live in a single-family home you own, you can claim a partial property tax abatement. Each year, your county tax is limited to last year’s county taxes plus 3%. Increases from new improvements or a change in use do not count. You must file a claim with the county assessor or on the declaration of value at transfer. Running a home business or holding title in a trust does not block you if you live in the home. The Nevada Tax Commission sets detailed rules, including for parcels where only part is your home.
Tax cap for affordable rentals
Beginning October 1, 2025, rental property owners get a partial property tax abatement if each tenant’s rent is at or below the county fair market rent set by HUD. Each year, the tax is limited to last year’s county taxes plus 3%, ignoring value increases from improvements or a change in use. Hotels, motels, and other transient lodging do not qualify, and the parcel must have a separate value on last year’s roll. File a claim as the Nevada Tax Commission requires, or on the declaration of value when you record a transfer.
Tax cut spread across local agencies
When counties apply the homeowner or rental abatements, total property tax collections go down. Payments to local taxing bodies drop by the same total amount. Each body’s reduction matches its share of the county tax rate: reduction = total cut × (entity rate ÷ county rate).
Claim abatements on transfer form, no fee
Beginning October 1, 2025, the declaration of value form you file with a deed or land sale contract includes a place to claim the homeowner or rental abatement. County recorders cannot charge a fee to record the declaration of value. This lets you claim the abatement at transfer without an extra filing cost.
Sponsors & Cosponsors
Sponsors
There is no primary sponsor on record.
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 5/23/2025
Final Passage - Senate (1st Reprint)
Yes: 21 • No: 0
House vote • 4/22/2025
Final Passage - Assembly (1st Reprint)
Yes: 42 • No: 0
Actions Timeline
Chapter 175.
5/31/2025legislatureApproved by the Governor.
5/31/2025legislatureEnrolled and delivered to Governor.
5/27/2025legislatureIn Assembly. To enrollment.
5/26/2025HouseRead third time. Passed. Title approved. (Yeas: 21, Nays: None.) To Assembly.
5/23/2025SenateTaken from General File. Placed on General File for next legislative day.
5/22/2025SenateTaken from General File. Placed on General File for next legislative day.
5/21/2025SenateTaken from General File. Placed on General File for next legislative day.
5/20/2025SenateRead second time.
5/19/2025SenateFrom committee: Do pass.
5/16/2025SenateRead first time. Referred to Committee on Revenue and Economic Development. To committee.
4/29/2025SenateIn Senate.
4/28/2025SenateTo Senate.
4/25/2025HouseFrom printer. To engrossment. Engrossed. First reprint.
4/25/2025HouseTo printer.
4/22/2025HouseRead third time. Passed, as amended. Title approved, as amended. (Yeas: 42, Nays: None.)
4/22/2025HouseDispensed with reprinting.
4/21/2025HouseRead second time. Amended. (Amend. No. 264.)
4/21/2025HousePlaced on Second Reading File.
4/21/2025HouseFrom committee: Amend, and do pass as amended.
4/21/2025HouseFrom printer. To committee.
3/11/2025HouseRead first time. Referred to Committee on Revenue. To printer.
3/10/2025House
Bill Text
As Enrolled
As Introduced
Reprint 1
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