Overton, Nevada Property Taxes
The median property tax rate in Overton, NV is 0.83%, slightly higher than the state median of 0.80% but lower than the national median of 0.99%. With a median home value of $105,754 in Overton, the typical annual property tax bill amounts to $831, which is well below the national median of $2,690. Property taxes in Overton are based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Overton'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 Overton 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
Overton, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$878
Ownwell’s Overton Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and prospective buyers looking to estimate their annual property taxes in Overton. With just two data points, you can enter your property's estimated assessed value, and the calculator will apply the median tax rate in Overton to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, ensuring you are well-informed about your financial commitments. For those interested in more detailed insights, localized neighborhood trends are available further down the page. The assessed value of your property is determined by Clark County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Overton, Nevada
Property taxes in Overton, Nevada, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Overton is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Overton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Overton 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 Overton's effective property tax rate to other areas in Nevada and the national median. For comparison, the 89040 zip code has the highest median property tax rate of 0.83%, which is the same as the lowest median tax rate in the same zip code. Understanding how these areas compare with Overton provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Overton Tax Rate
0.83%
Average Clark County Tax Rate
0.74%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Overton, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89040 | 0.62% | 0.70% | 0.83% | 0.90% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Overton, Nevada
In Overton, 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 Clark 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 Overton, 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 Overton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $831, found in the 89040 zip code.
Average Overton Assessed Value
$105,754
Average Clark County Assessed Value
$236,629
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Overton, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89040 | $31,792 | $60,477 | $105,754 | $192,582 | $295,000 |
Source: Ownwell
Property Tax Bills Across Overton, Nevada
In Overton, located in Clark County, NV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. For instance, the median home price in Overton is $105,754. The property tax rate applied to this assessed value then determines the annual tax bill. Several factors influence the tax bill, including local tax rates and any applicable exemptions or deductions. Homeowners in Overton can expect tax bills to vary significantly. For example, the tax bill at the 25th percentile is approximately $508, while at the 75th percentile, it jumps to around $1,431. The 90th percentile tax bill can reach up to $2,154. Compared to the national median property tax rate of 0.99%, Overton's property tax rates are relatively moderate. These tax bills can impact homeowners by affecting their monthly mortgage payments and overall housing affordability.
Average Overton Tax Bill
$831
Average Clark County Tax Bill
$1,738
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Overton, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89040 | $287 | $508 | $831 | $1,431 | $2,154 |
Source: Ownwell