Caliente, Nevada Property Taxes
The median property tax rate in Caliente, NV is 1.26%, considerably higher than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Caliente at $61,950, the typical annual property tax bill reaches $740, which is significantly lower than the national median of $2,690. Property taxes in Caliente 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 Caliente'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 Caliente or another part of Lincoln County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Caliente, 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 Caliente Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Caliente with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caliente 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 Caliente, Nevada
Property taxes in Caliente, Nevada, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Caliente is 1.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Caliente set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caliente 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 Caliente's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89008 zip code has both the highest and lowest median property tax rate of 1.26%. Understanding how these cities compare with Caliente provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caliente Tax Rate
1.26%
Average Lincoln County Tax Rate
1.13%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caliente, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89008 | 1.01% | 1.08% | 1.26% | 1.33% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Caliente, Nevada
In Caliente, 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 Lincoln 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 Caliente, 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 Caliente helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In the 89008 zip code, the median tax bill is $740, aligning with both the highest and lowest median tax bills in the area.
Average Caliente Assessed Value
$61,950
Average Lincoln County Assessed Value
$68,008
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caliente, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89008 | $25,865 | $38,937 | $61,950 | $107,948 | $223,851 |
Source: Ownwell
Property Tax Bills Across Caliente, Nevada
In Caliente, Lincoln County, NV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Caliente is $61,950. Homeowners in the area can expect their property tax bills to vary significantly. At the 25th percentile, tax bills are around $484, while at the 75th percentile, they rise to $1,224. For those at the 90th percentile, tax bills can reach up to $2,432. These tax bills are influenced by various factors, including the property's assessed value, local tax rates, and any applicable exemptions. The highest and lowest median tax bills in Caliente are both $740, highlighting a relatively uniform tax rate across different homes. Compared to the national median property tax rate of 0.99%, Caliente's property tax rates can be considered moderate. This system ensures that homeowners contribute to local services and infrastructure, proportionate to the value of their property.
Average Caliente Tax Bill
$740
Average Lincoln County Tax Bill
$767
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Caliente, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89008 | $312 | $484 | $740 | $1,224 | $2,432 |
Source: Ownwell