The following information about tax liens and sale of real property when taxes are overdue is provided for our readers. The original information comes from the Carson City Treasurer’s Office and is current as of February 1, 2012
~ o ~
Collection of Real Property Taxes
The property tax rate for Carson City is set each year around the end of June. This is after budget hearings and review by the State Department of Taxation. These rates are then applied to the assessed values set by the Carson City Assessor as of June 30 of each year.
Property taxes are billed each July to the address on file with the Assessors Office. Tax bills are mailed to the property owner even if the taxes are paid by a lenders impound account. You can look up your tax obligation here. The tax can be paid in four installments. The installments are due the third Monday in August, the first Monday in October, the first Monday in January and the first Monday in March. For each installment date there is a ten day grace period before late penalties are assessed. Should the tax for any one installment be due after the grace period a 4% penalty will be added. A 5% penalty (of the tax amount only) will be assessed when taxes for two installments have not been paid by the end of the grace period. The penalty is 6% when three installments are late and if all four installments are delinquent a 7% penalty is added. Prior year delinquent taxes accrue interest at the rate of 10% per year.
Properties which have taxes due at the end of April each year, will be advertised as delinquent in the local newspaper. Should a property have continuing delinquent outstanding taxes at the end of three years the Treasurer will take a trustee deed to the property and begin the process to sell the property at a tax sale. Each year several properties begin this sale process but in actuality, Carson City has only had no[sic] parcels sold in the past fifteen years. If there is to be a property tax sale, the local newspaper will give notice on or near the 25th of January each year. Carson City does not sell tax liens.
~ o ~
The foregoing information about tax liens and sale of real property when taxes are overdue is provided for our readers. The original information came from the Carson City Treasurer’s Office and is current as of February 1, 2012. Please see a Nevada Licensed Attorney for more information on your legal rights.