View of the Reno Sparks night skyline from Rancho San Rafael Regional Park
View of the Reno Sparks night skyline from Rancho San Rafael Regional Park

How are property taxes calculated?
Property taxes are calculated by taking the current year tax rate and multiplying it by the assessed value. If that amount is greater than a 3% to 8% increase over the prior year's taxes, an abatement may be applied to limit the increase.