🏦 Nevada Market & TaxUpdated: September 2, 2026
Clark County Property Tax Abatement: Nevada NRS 361.4723 3% Cap & Refinance Escrows
Reviewed by Nevada Mortgage & Real Estate Finance Editorial Board
Understanding Nevada tax shields: the 3% primary residential tax cap, verifying primary residency affidavits upon refinancing, and escrow balance transfers.
Under Nevada Revised Statutes (NRS 361.4723), property taxes on owner-occupied primary residences in Clark County are legally capped at a maximum annual increase of 3%, regardless of market appreciation.
1. Managing Escrows During a Refinance
- Primary Residence Affidavit: When closing a refinance in Clark County, ensure your title officer files the updated Owner-Occupied Property Tax Abatement Claim with the Clark County Assessor to maintain the 3% tax cap rather than the 8% non-primary cap.
- Escrow Refund Timeline: Your existing mortgage servicer is legally required under RESPA to refund any surplus funds remaining in your old escrow account within 20 business days of loan payoff.
🏦
Nevada Mortgage & Real Estate Finance Editorial Board
Our advisory board includes licensed Nevada mortgage professionals, real estate finance analysts, and title escrow specialists evaluating conforming, jumbo, and government loan guidelines.
Explore Nevada Refinancing Opportunities
Compare rate-and-term savings, cash-out equity limits, and government streamline loan options.