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Pat, Other/Just Looking in

is there a transfer tax charged on a refinance for a property in clark co. neveada. and how much

Asked by Pat, Fri Apr 11, 2008

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Normally, no transfer tax on refinancing in any city and county. However, if you add or remove a person or persons that are not your spouse on the title of the property, transfer tax will be imposed on you. You can consult your local escrow officer for the amount.
0 votes Thank Flag Link Sun Aug 29, 2010
There is no transfer tax for refinancing a property in Clark County.... But please...Don't give anybody any ideas on how to make up for lost revenue in transfer taxes :).
0 votes Thank Flag Link Wed Apr 16, 2008
Correct, transfer tax is from one owner to another. Refi's don't have transfer taxes. In fact there are several "no-fee" and "low-fee" refinances out there. The sticky part these days is the appraisal. Will it be high enough to allow you to refinance (there are few or no 100% refi's now). So your loan amount must be less than the home is worth. With that said, if you are trying to finance from a "undesireable" loan (Adjustable rate or negative amortization) to a better one, your CURRENT lender may modify the terms of your loan at little or no cost in some cases. Most banks are working with clients who are trying to be responsible with their loans but need some modification to the terms due to hardship.

Need more consultation? Call me or a trusted lender.

John A. Brassner, MBA, Realtor
Windermere Summerlin Real Estate

Cell Phone: 702-808-9816
Fax: 702-995-0488

10777 West Twain Ave, Suite 105
Las Vegas, NV 89135
0 votes Thank Flag Link Sat Apr 12, 2008
I believe it is only on transfer of title not on a refinance. If it was it would 5.10 per thousand dollars of sales price. example 200k sales price divide by 1000 equals 200 x 5.10 =1020.00 transfer tax. A title escrow officer could tell you for sure. You can call Leia Primas at national title 873-7020
0 votes Thank Flag Link Fri Apr 11, 2008
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