Kingsbury, Nevada Property Taxes
The median property tax rate in Kingsbury, NV is 0.83%, slightly higher than the state median of 0.80% but below the national median of 0.99%. With a median home value of $282,757, the typical annual property tax bill in Kingsbury amounts to $2,139, which is lower than the national median of $2,690. Property taxes in Kingsbury are calculated based on the assessed value, which generally falls below the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Kingsbury'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 Kingsbury 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
Kingsbury, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$2,347
Ownwell’s Kingsbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingsbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingsbury 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 Kingsbury, Nevada
Property taxes in Kingsbury, Nevada, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingsbury is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Kingsbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingsbury 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 Kingsbury's effective property tax rate to other areas in Douglas County and the national median. For comparison, the zip code 89448 has the highest median property tax rate of 0.87%, while the zip code 89423 has the lowest median tax rate of 0.82%. Understanding how these areas compare with Kingsbury provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingsbury Tax Rate
0.83%
Average Douglas County Tax Rate
0.99%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingsbury, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89423 | 0.64% | 0.69% | 0.82% | 0.95% | 1.07% |
| 89448 | 0.66% | 0.77% | 0.87% | 0.98% | 1.19% |
| 89449 | 0.61% | 0.71% | 0.82% | 0.90% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Kingsbury, Nevada
In Kingsbury, 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 Douglas County Assessor's Office 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. Assessment notices in Kingsbury 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. For instance, in Kingsbury, the highest median tax bill is $2,729 in the 89448 zip code, while the lowest is $1,538 in the 89449 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kingsbury Assessed Value
$282,757
Average Douglas County Assessed Value
$246,243
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kingsbury, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89423 | $153,405 | $176,529 | $282,757 | $322,837 | $393,680 |
| 89448 | $160,893 | $185,944 | $319,434 | $387,563 | $555,818 |
| 89449 | $160,791 | $172,504 | $184,966 | $281,118 | $367,043 |
Source: Ownwell
Property Tax Bills Across Kingsbury, Nevada
In Kingsbury, NV, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For example, with a median home price of $282,757, the tax bill can vary significantly. Factors such as property location, improvements, and exemptions play a crucial role in determining the final tax amount. Homeowners in Kingsbury can expect their property tax bills to fall within a range, with the 25th percentile tax bill at $1,409 and the 75th percentile reaching up to $3,202. The highest median tax bill in the area is $2,729, found in the 89448 zip code, while the lowest median tax bill is $1,538 in the 89449 zip code. These variations affect homeowners by influencing their annual financial planning and potentially impacting property values. Comparing this to the national median property tax rate of 0.99%, Kingsbury's tax rates can be seen as relatively moderate, offering a balanced fiscal environment for property owners.
Average Kingsbury Tax Bill
$2,139
Average Douglas County Tax Bill
$2,529
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingsbury, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89423 | $1,116 | $1,430 | $2,048 | $2,809 | $4,145 |
| 89448 | $1,205 | $1,816 | $2,729 | $3,502 | $5,588 |
| 89449 | $1,100 | $1,252 | $1,538 | $2,381 | $3,303 |
Source: Ownwell