Tax caps have been in place since the 2005 - 2006 fiscal year and have always been up to 3 percent for primary residences or up to 8 percent for other property types. But it is the deadline for every fiscal year.” “By statute, yes, June 30 is the deadline. “Homeowners have always had the ability to change their tax cap throughout the entire year,” Johnson said. Though residential properties remain subject to a 3 percent tax cap from year to year, if there are any title changes to a property, such as a sale or transfer, the tax cap will default to 8 percent unless a homeowner notifies the assessor’s office otherwise. “If you do not receive a revised bill showing your correct tax cap information by October, please contact the Assessor’s Office.”įor those who may have paid a higher property tax percentage for the previous fiscal year (2021-2022) and submitted a correction form by June 30, 2022, officials said refunds might take place or be applied to current taxes due.ĭuring a June press conference, County Assessor Briana Johnson said property tax increases are capped yearly at 3 percent for primary residences and 8 percent for other property types such as commercial real estate or investment properties. “If you receive a tax bill with the incorrect property tax cap percentage and you have submitted a correction form, the Treasurer’s Office will send you a revised bill once the updated tax cap information has been processed,” a county spokesman wrote. The county mailed initial property tax bills to residents in the first week of July but warned that the tax bill may still have an incorrect property tax cap percentage. The misinformation led people to believe they needed to file a correction by the end of June, or face a permanently higher property tax rate. Officials said the onslaught of corrections stemmed from misinformation spread via Facebook posts and text messages tied to a misinterpretation of deadlines and property tax caps.
2, 2022, to reflect new information from Clark County on what homeowners should do if they receive a property tax bill with an incorrect tax rate.Īfter Clark County homeowners rushed to file corrections for their property tax records in June, county officials are urging patience and say that the assessor’s office is still processing the large volume of modifications. Editor’s Note: This story was updated on Aug.
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