Denio, Nevada Property Taxes
The median property tax rate in Denio, 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 Denio at $56,086, the typical annual property tax bill is $611, which is significantly less than the national median of $2,690. Property taxes in Denio are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Denio'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 Denio or another part of Humboldt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Denio, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$488
Ownwell’s Denio Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Denio with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Denio 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 Denio, Nevada
Property taxes in Denio, Nevada, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Denio is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Denio set these rates annually, and they can vary significantly across different neighborhoods. Each year, Denio 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 Denio's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89404 zip code has both the highest and lowest median property tax rate of 0.87%. Understanding how these cities compare with Denio provides valuable insights into the varying tax landscape across Humboldt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Denio Tax Rate
0.87%
Average Humboldt County Tax Rate
1.03%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Denio, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89404 | 0.69% | 0.77% | 0.87% | 1.02% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Denio, Nevada
In Denio, 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 Humboldt 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. In Denio, 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 Denio helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills, both at $611, are found in the 89404 zip code.
Average Denio Assessed Value
$56,086
Average Humboldt County Assessed Value
$102,071
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Denio, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89404 | $20,099 | $29,817 | $56,086 | $181,272 | $238,711 |
Source: Ownwell
Property Tax Bills Across Denio, Nevada
Property tax bills in Denio, located in Humboldt County, NV, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. In Denio, the median home price stands at $56,086, which influences the overall tax amount. Homeowners in the 25th percentile can expect a tax bill around $340, while those in the 75th percentile might see bills closer to $1,295. For those in the 90th percentile, tax bills can reach up to $1,926. Compared to the national median property tax rate of 0.99%, Denio's tax bills reflect the local economic conditions and property values. These taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners.
Average Denio Tax Bill
$611
Average Humboldt County Tax Bill
$979
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Denio, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89404 | $181 | $340 | $611 | $1,295 | $1,926 |
Source: Ownwell