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Clark County Sets Property Tax Rate at 8% After PVA Questions Compensating-rate Calculation
Summary
Clark County Fiscal Court voted to keep the property tax rate at 8% after a presentation from the county property valuation administrator (PVA) that challenged how the state'calculated the compensating rate and explained why assessments are rising.
Clark County Fiscal Court voted Thursday to set the county'wide property tax rate at 8% for the coming year after a public presentation and internal debate about how the state calculates the compensating rate.
Brady, the county'property valuation administrator (PVA), told the court that rising assessed values in 2025 should produce a lower compensating rate if real and personal (tangible) property are calculated separately. Brady said the Department of Local Government'calculation produced a weighted average compensating rate of 7.8 per $100 of assessed value but that the true compensating rate for real property alone computes to about 7.5443 per $100. "I know 0.01 feels like nothing,"…
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