Nevadans are struggling to keep pace with rising property taxes
Nevadan taxpayers are paying the highest rates in the nation for the cost of their homes.
The median home sale price in Nevada is $1.75 million, according to the latest figures from the U.S. Census Bureau.
But many Nevadians are paying twice that much.
That means they are paying more than $400,000 more in taxes than their counterparts in neighboring Arizona.
Nevada is a state of about 10 million people that borders Canada, Colorado and Mexico.
It is also a major tourist destination.
The average price of a home sold in Nevada last year was $1,879,788, the highest in the country.
A home is worth more than three times the median household income in Nevada.
Nevadans pay more taxes than any other state, but are among the poorest states in the United States.
Nevadas average property taxes per capita are more than two-thirds higher than the national average.
The median property value in Nevada was $2.2 million in 2016.
In contrast, Arizona has the lowest median property taxes in the U, with an average value of just $2,000.
That makes the state the fifth-lowest in the federal income tax code.
The state’s median income is $39,742, according the Bureau of Economic Analysis.
Nevada’s median is $41,738.
Nevades median home value is $2 million.
Arizona median home price is $3.3 million.