Round Mountain, Nevada Property Taxes
The median property tax rate in Round Mountain, NV is 1.17%, noticeably higher than both the national median of 0.99% and Nevada's state median of 0.80%. With a median home value of $53,611 in Round Mountain, the typical annual property tax bill amounts to $549, which is significantly lower than the national median of $2,690. Property taxes in Round Mountain are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Round Mountain'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 Round Mountain or another part of Nye County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Round Mountain, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$627
Ownwell’s Round Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Round Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Round Mountain 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 Round Mountain, Nevada
Property taxes in Round Mountain, Nevada, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Round Mountain is 1.17%, higher than the U.S. national median of 0.99%. Local government entities within Round Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Round Mountain 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 Round Mountain's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89045 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Round Mountain 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 Round Mountain Tax Rate
1.17%
Average Nye County Tax Rate
0.90%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Round Mountain, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89045 | 0.63% | 0.94% | 1.17% | 1.31% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Round Mountain, Nevada
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Round Mountain, Nevada. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as 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. Assessment notices in Round Mountain 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. For instance, the median home price in Round Mountain is $53,611, with tax bills ranging from $266 at the 25th percentile to $1,432 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. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Round Mountain Assessed Value
$53,611
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 Round Mountain, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89045 | $14,475 | $22,541 | $53,611 | $95,216 | $152,538 |
Source: Ownwell
Property Tax Bills Across Round Mountain, Nevada
In ROUND MOUNTAIN, located in Nye County, NV, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. Homeowners in ROUND MOUNTAIN can expect to pay property taxes that reflect this assessed value, combined with the local tax rate. For instance, the median home price in ROUND MOUNTAIN is $53,611. Property tax bills in this area vary significantly, with the 25th percentile tax bill at $266 and the 75th percentile tax bill at $969. At the higher end, the 90th percentile tax bill reaches $1,432. These figures indicate that property taxes can have a substantial impact on homeowners, depending on the value of their property. Compared to the national median property tax rate of 0.99%, ROUND MOUNTAIN's property tax rates can be considered moderate, but they still represent a significant annual expense for homeowners. Understanding these factors is crucial for homeowners to manage their budgets effectively.
Average Round Mountain Tax Bill
$549
Average Nye County Tax Bill
$1,034
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Round Mountain, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89045 | $174 | $266 | $549 | $969 | $1,432 |
Source: Ownwell