Sloan, Nevada Property Taxes
The median property tax rate in Sloan, NV is 0.83%, slightly below the national median of 0.99% but higher than the Nevada state median of 0.80%. With a median home value of $90,080 in Sloan, the typical annual property tax bill amounts to $728, which is well below the national median of $2,690. Property taxes in Sloan are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Sloan'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 Sloan or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sloan, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$748
Ownwell’s Sloan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sloan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sloan 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 Sloan, Nevada
Property taxes in Sloan, Nevada, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sloan is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Sloan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sloan 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 Sloan's effective property tax rate to other areas in Clark County and the national median. For comparison, the zip code 89054 has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these areas compare with Sloan 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 Sloan 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 Sloan, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89054 | 0.40% | 0.73% | 0.83% | 0.89% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Sloan, Nevada
In Sloan, 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 Sloan, 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 Sloan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Sloan is $728 in the 89054 zip code, while the lowest median tax bill is also $728 in the same zip code.
Average Sloan Assessed Value
$90,080
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 Sloan, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89054 | $61,345 | $67,827 | $90,080 | $141,318 | $406,835 |
Source: Ownwell
Property Tax Bills Across Sloan, Nevada
In Sloan, located in Clark County, NV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county assessor determines the assessed value, and then local tax rates are applied to this value to calculate the tax bill. Factors such as property location, size, and improvements can influence the assessed value. For homeowners in Sloan, the median home price is $90,080. The tax bill for a home at the 25th percentile is around $536, while at the 75th percentile, it rises to about $1,206. Those at the 90th percentile can expect a tax bill of approximately $1,726. Compared to the national median property tax rate of 0.99%, Sloan's property tax bills reflect the local economic conditions and property values. Understanding these factors is crucial for homeowners as they directly impact annual expenses. By being aware of how property taxes are calculated, homeowners can better manage their finances and anticipate future costs.
Average Sloan Tax Bill
$728
Average Clark County Tax Bill
$1,738
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Sloan, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89054 | $491 | $536 | $728 | $1,206 | $1,726 |
Source: Ownwell