Who Pays Transfer Tax at Closing in Nevada?
In Nevada, the transfer tax, also known as the conveyance tax or deed tax, is typically paid by the buyer. However, the buyer and the seller can negotiate who pays the transfer tax in the contract of sale. In some cases, the seller may agree to pay the entire cost of the transfer tax, while in other cases, the costs may be split.
The transfer tax rate in Nevada is 0.55% of the sale price. For instance, if you sell your land for $200,000, you would pay a transfer tax of $1,100.