Manhattan, Nevada Property Taxes
The median property tax rate in Manhattan, NV is 1.19%, significantly higher than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Manhattan, the typical annual property tax bill reaches $199, which is far below the national median of $2,690. Property taxes in Manhattan 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 Manhattan'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 Manhattan 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
Manhattan, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$219
Ownwell’s Manhattan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manhattan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manhattan 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 Manhattan, Nevada
Property taxes in Manhattan, Nevada, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Manhattan is 1.19%, significantly higher than the U.S. national median of 0.99%. Local government entities within Manhattan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Manhattan 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 Manhattan's effective property tax rate to other areas in Nevada and the national median. For comparison, the zip code 89022 has the same median property tax rate of 1.19%. Understanding how these areas compare with Manhattan provides valuable insights into the varying tax landscape across Nye County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Manhattan Tax Rate
1.19%
Average Nye County Tax Rate
0.90%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Manhattan, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89022 | 0.73% | 1.02% | 1.19% | 1.40% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Manhattan, Nevada
In Manhattan, 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 Nye 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 Manhattan, 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 zip code 89022 has the highest and lowest median tax bills, both at $199. Being aware of these valuation processes in Manhattan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Manhattan Assessed Value
$18,364
Average Nye County Assessed Value
$128,622
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Manhattan, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89022 | $4,039 | $8,363 | $18,364 | $38,208 | $100,834 |
Source: Ownwell
Property Tax Bills Across Manhattan, Nevada
In Manhattan, located in Nye County, NV, property tax bills are determined by a combination of the assessed value of your property and the local tax rate. The assessed value is typically a percentage of the market value of your home, which is then multiplied by the local tax rate to calculate your annual tax bill. For instance, with a median home price of $18,364, homeowners can expect varying tax bills depending on their property's assessed value. The tax bill in Manhattan can range significantly; at the 25th percentile, it is around $107, while at the 75th percentile, it can go up to $402. For those in the 90th percentile, the tax bill can reach as high as $1,241. These figures illustrate the impact of property values and local tax rates on homeowners. Compared to the national median property tax rate of 0.99%, Manhattan's rates offer a unique perspective on property tax burdens within the region. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Manhattan Tax Bill
$199
Average Nye County Tax Bill
$1,034
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Manhattan, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89022 | $59 | $107 | $199 | $402 | $1,241 |
Source: Ownwell