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Upon the transfer of any real property in the State of Nevada, a special tax called the Real Property Transfer Tax is imposed. The County Recorder in the county where the property is located is the agency responsible for the imposition and collection of the tax at the time the transfer is recorded.
You must pay a fee to file a deed with the county recorder. The fee should be $14.00 to record the first page of a quitclaim deed and $1.00 for each additional page. However, you should call ahead of time to check about the amount and acceptable methods of payment.
As with any conveyance of real estate, a gift deed requires a complete legal description of the parcel. Recite the source of title to establish a clear chain of title, and detail any restrictions associated with the property. A Declaration of Value form must accompany all real property documents.
Nevada requires: A Declaration of Value form with each document that will transfer property. You are required to pay Real Property Transfer Tax (RPTT) or provide a reason for an exemption. You must fill out all the lines on the Declaration of Value form even if it is an exempt transfer.
"Quitclaim deed" means a deed of conveyance operating by way of release, that is, intended to pass any title, interest or claim which the grantor may have in the premises, but not professing that the title is valid nor containing any warranty or covenants for title. Nev. Admin.
Nevada deeds must satisfy certain criteria established by the state legislature to be recorded. State statutes govern the formatting, content, and execution of deeds necessary for a valid conveyance. A county recorder may also have rules and guidelines for deeds in a particular county.
Nevada law recognizes three general types of deeds for transferring real estate: a general warranty deed form; a grant, bargain, and sale deed form; and a quitclaim deed form. These three forms vary ing to the guaranty the current owner provides?if any?regarding the quality of the property's title.
"Quitclaim deed" means a deed of conveyance operating by way of release, that is, intended to pass any title, interest or claim which the grantor may have in the premises, but not professing that the title is valid nor containing any warranty or covenants for title.