Spring Creek, Nevada Property Taxes
The median property tax rate in Spring Creek, NV is 0.87%, slightly lower than the national median of 0.99% but higher than the Nevada state median of 0.80%. With the median home value in Spring Creek at $191,107, the typical annual property tax bill reaches $1,651, which is below the national median of $2,690. Property taxes in Spring Creek are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Spring Creek'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 Spring Creek 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
Spring Creek, Nevada Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,600
Ownwell’s SPRING CREEK Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in SPRING CREEK with ease. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in SPRING CREEK to provide an accurate estimate of your property tax bill. This valuable tool helps you gain a clear understanding of your potential tax liabilities. For those interested in more detailed trends at a neighborhood level, you can find localized information by scrolling down. Your property’s assessed value is determined by Elko County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Spring Creek, Nevada
Property taxes in SPRING CREEK, Nevada, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in SPRING CREEK is 0.87%, lower than the U.S. national median of 0.99%. Local government entities within SPRING CREEK set these rates annually, and they can vary across different neighborhoods. Each year, SPRING CREEK 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 SPRING CREEK's effective property tax rate to other areas in Nevada and the national median. For comparison, the zip code 89815 has both the highest and lowest median property tax rate of 0.87%. Understanding how these areas compare with SPRING CREEK provides valuable insights into the varying tax landscape across Elko County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Spring Creek Tax Rate
0.87%
Average Elko County Tax Rate
0.92%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spring Creek, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89815 | 0.83% | 0.84% | 0.87% | 0.90% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Spring Creek, Nevada
In Spring Creek, 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 Elko 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 Spring Creek, 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. The median home price in Spring Creek is $191,107, with tax bills ranging from $1,098 at the 25th percentile to $3,193 at the 90th percentile. The highest and lowest median tax bills are both $1,651 in zip code 89815. Being aware of these valuation processes in Spring Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Spring Creek Assessed Value
$191,107
Average Elko County Assessed Value
$142,560
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Spring Creek, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89815 | $50,659 | $122,547 | $191,107 | $288,208 | $372,840 |
Source: Ownwell
Property Tax Bills Across Spring Creek, Nevada
In Spring Creek, Elko County, NV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For instance, a median home price in Spring Creek is $191,107. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. Several factors influence the tax bill, including the property's location, the local tax rate, and any applicable exemptions. In Spring Creek, the median property tax bill stands at $1,651, which is notably lower than the national median property tax rate of 0.99%. Homeowners in the 25th percentile pay around $1,098, while those in the 75th percentile face bills of approximately $2,457. At the 90th percentile, the tax bill can reach up to $3,193. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in Spring Creek.
Average Spring Creek Tax Bill
$1,651
Average Elko County Tax Bill
$1,397
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Spring Creek, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89815 | $457 | $1,098 | $1,651 | $2,457 | $3,193 |
Source: Ownwell