Hazen, Nevada Property Taxes
The median property tax rate in Hazen, NV is 0.70%, lower than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Hazen, the typical annual property tax bill is $43, significantly below the national median of $2,690. Property taxes in Hazen are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hazen's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hazen or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hazen, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$51
Ownwell’s Hazen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hazen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hazen to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Hazen, Nevada
Property taxes in Hazen, Nevada, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hazen is 0.53%, significantly lower than both the Nevada state median of 0.60% and the U.S. national median of 0.99%. Local government entities within Hazen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hazen estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Hazen's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89408 zip code has the highest median property tax rate of 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with Hazen provides valuable insights into the varying tax landscape across Churchill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hazen Tax Rate
0.70%
Average Churchill County Tax Rate
0.92%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hazen, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89408 | 0.44% | 0.53% | 0.70% | 0.76% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Hazen, Nevada
In Hazen, Nevada, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Churchill County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Hazen, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Hazen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hazen is $7,274, with tax bills ranging from $35 at the 25th percentile to $76 at the 90th percentile. This is notably lower than the national median property tax rate of 0.99%, making Hazen an attractive location for property owners looking to minimize their tax expenses.
Average Hazen Assessed Value
$7,274
Average Churchill County Assessed Value
$169,780
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hazen, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89408 | $6,415 | $6,737 | $7,274 | $8,792 | $9,704 |
Source: Ownwell
Property Tax Bills Across Hazen, Nevada
In Hazen, located in Churchill County, NV, property tax bills are determined based on the assessed value of your home. The assessed value is typically a percentage of the market value, which local tax authorities calculate. For homeowners in Hazen, the median home price stands at $7,274. Property tax rates in this region can significantly affect how much you pay annually. The property tax bill in Hazen varies widely, with the 25th percentile paying around $35, while those in the 75th percentile pay approximately $64. For the top 10% of homeowners, the tax bill can reach up to $76. These amounts are relatively modest compared to the national median property tax rate of 0.99%. Factors such as home improvements, changes in market conditions, and local government budgets can influence the assessed value and, consequently, your property tax bill. Understanding these factors can help homeowners anticipate their annual expenses and plan their finances accordingly.
Average Hazen Tax Bill
$43
Average Churchill County Tax Bill
$1,522
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Hazen, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89408 | $30 | $35 | $43 | $64 | $76 |
Source: Ownwell