Mound House, Nevada Property Taxes
The median property tax rate in Mound House, NV is 0.34%, significantly lower than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Mound House at $227,781, the typical annual property tax bill is $732, well below the national median of $2,690. Property taxes in Mound House are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mound House's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Mound House or another part of Lyon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mound House, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$774
Ownwell’s Mound House Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mound House with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mound House 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 Mound House, Nevada
Property taxes in Mound House, Nevada, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mound House is 0.53%, significantly lower than the U.S. national median of 0.99%. Local government entities within Mound House set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mound House 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 Mound House's effective property tax rate to other counties in Nevada and the national median. For comparison, Lyon County has the highest median property tax rate of 0.55%, while another area in Nevada has a lower median tax rate of 0.34%. Understanding how these cities compare with Mound House provides valuable insights into the varying tax landscape across Lyon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mound House Tax Rate
0.34%
Average Lyon County Tax Rate
0.69%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mound House, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89706 | 0.27% | 0.29% | 0.34% | 0.51% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Mound House, Nevada
In Mound House, 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 Lyon 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 Mound House, 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. The median home price in the area is $227,781, with tax bills ranging from $630 at the 25th percentile to $1,873 at the 90th percentile. 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 Mound House helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mound House Assessed Value
$227,781
Average Lyon County Assessed Value
$272,527
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mound House, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89706 | $104,349 | $216,336 | $227,781 | $247,156 | $349,735 |
Source: Ownwell
Property Tax Bills Across Mound House, Nevada
In Mound House, Lyon County, NV, property tax bills are calculated based on the assessed value of the property, which is derived from the market value. The median home price in this area is $227,781. Property tax rates are applied to the assessed value to determine the tax bill. For example, homeowners at the 25th percentile pay around $630 annually, while those at the 75th percentile pay approximately $1,072. At the 90th percentile, the tax bill can reach up to $1,873. These figures are influenced by various factors, including property location, size, and improvements. The highest median tax bill in the region is $732, found in the 89706 zip code, which is also the lowest median tax bill recorded. Compared to the national median property tax rate of 0.99%, Mound House offers a relatively affordable property tax environment. This affordability can significantly impact homeowners, making it an attractive location for those looking to manage their annual expenses effectively.
Average Mound House Tax Bill
$732
Average Lyon County Tax Bill
$1,773
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Mound House, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89706 | $552 | $630 | $732 | $1,072 | $1,873 |
Source: Ownwell