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HUD Median Market Rents in Churchill County for the current tax year are listed on the Department of Taxation website at the link below (Maximum rent allowed for each type of unit according to the number of bedrooms). The updated U.S. Housing and Urban Development (HUD) amounts are available in April or May annually.
You should contact the Office at (775) 423-6584 if you have any questions.
Department of Taxation:Fair Market Rents
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The owner’s primary residence will receive the 3% abatement. If the rental rate on the guest house is below the HUD median market rent, the entire property will be capped at 3%. If the rental rate is above the HUD rate, that portion of the property valued for the rental will be capped at 8%. The net cap will then be proportionate between 3 and 8 percent, depending on the respective value of the houses.
Department of Taxation: Fair Market Rents