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 Is My Personal Property Valued?
Your original cost x cost index - depreciation = taxable value. The Nevada Department of Taxation provides the replacement cost and depreciation factors, used to determine the taxable values.

Taxable value is assessed at 35%. Taxable Value x .35 = Assessed Value.