Imlay, Nevada Property Taxes
The median property tax rate in Imlay, NV is 1.16%, considerably higher than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Imlay, the typical annual property tax bill reaches $471, significantly below the national median of $2,690. Property taxes in Imlay are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Imlay'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 Imlay 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
Imlay, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$390
Ownwell’s Imlay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Imlay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Imlay 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 Imlay, Nevada
Property taxes in Imlay, Nevada, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Imlay is 1.16%, which is higher than the U.S. national median of 0.99%. Local government entities within Imlay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Imlay 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 Imlay's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89418 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Imlay provides valuable insights into the varying tax landscape across Pershing County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Imlay Tax Rate
1.16%
Average Pershing County Tax Rate
1.11%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Imlay, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89418 | 0.79% | 0.98% | 1.16% | 1.52% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Imlay, Nevada
In Imlay, 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 Pershing County Appraisal District 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 Imlay, 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 Imlay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Imlay are both $471, found in zip code 89418.
Average Imlay Assessed Value
$33,582
Average Pershing County Assessed Value
$15,347
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Imlay, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89418 | $10,701 | $21,575 | $33,582 | $79,267 | $165,219 |
Source: Ownwell
Property Tax Bills Across Imlay, Nevada
In Imlay, Pershing County, NV, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Imlay, the median home price is $33,582, and the property tax rate in Pershing County is reflective of the state's overall approach to property taxation. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions or deductions. Homeowners in the 25th percentile can expect a tax bill around $282, while those in the 75th percentile may see bills closer to $916. At the 90th percentile, tax bills can reach up to $1,729. These property tax bills can significantly impact homeowners, affecting their overall housing costs and budgeting. Understanding how these bills are calculated helps homeowners anticipate their annual expenses and plan accordingly.
Average Imlay Tax Bill
$471
Average Pershing County Tax Bill
$172
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Imlay, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89418 | $95 | $282 | $471 | $916 | $1,729 |
Source: Ownwell