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Nevada property‑tax structure leaves Reno roughly where it was a decade ago, city briefing finds
Summary
A city briefing on property taxes showed Reno’s inflation‑adjusted property‑tax revenue has not grown since 2009 after accounting for statutory abatements, depreciation rules and overlapping levies. Staff recommended council consider the structural constraints posed by state law and the growing share of abated taxes.
A city presentation on Sept. 10 described how Nevada’s property‑tax rules, including a long‑running annual taxable‑value cap and a 1.5 percent annual depreciation on improvements, have limited local property‑tax growth — even as parcel values rose.
Jeremy Aguero, a consultant to local governments, told the Reno City Council that statutory abatements, inflation and the state’s assessment rules mean Washoe County would abate about $265 million in property taxes this year. After accounting for inflation and population growth, Aguero said Reno’s property‑tax revenue in 2025 is roughly equivalent to the city’s revenue…
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