Gerlach, Nevada Property Taxes
The median property tax rate in Gerlach, NV is 0.86%, slightly lower than the national median of 0.99% but higher than the Nevada state median of 0.80%. With a median home value of $58,019 in Gerlach, the typical annual property tax bill is $444, which is significantly below the national median of $2,690. Property taxes in Gerlach are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Gerlach'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 Gerlach 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
Gerlach, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$499
Ownwell’s Gerlach Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Gerlach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gerlach 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 Gerlach, Nevada
Property taxes in Gerlach, Nevada, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gerlach is 0.86%, which is below the U.S. national median of 0.99%. Local government entities within Gerlach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gerlach 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 Gerlach's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89412 zip code has both the highest and lowest median property tax rate of 0.86%. Understanding how these cities compare with Gerlach provides valuable insights into the varying tax landscape across Washoe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gerlach Tax Rate
0.86%
Average Washoe County Tax Rate
1.13%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gerlach, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89412 | 0.65% | 0.72% | 0.86% | 0.98% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Gerlach, Nevada
In Gerlach, 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 Washoe 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 Gerlach, 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 Gerlach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Gerlach is $58,019, with property tax bills ranging from $301 at the 25th percentile to $2,399 at the 90th percentile.
Average Gerlach Assessed Value
$58,019
Average Washoe County Assessed Value
$201,928
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gerlach, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89412 | $29,512 | $36,400 | $58,019 | $119,312 | $226,082 |
Source: Ownwell
Property Tax Bills Across Gerlach, Nevada
In Gerlach, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, the median home price in Gerlach is $58,019. Factors such as property size, location, and improvements are considered when determining the assessed value. Property tax rates are then applied to this assessed value to calculate the tax bill. The median property tax rate in the area is approximately 0.99%, which aligns with the national median. Homeowners in Gerlach can expect a range of tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is $301, while at the 75th percentile, it is $891. The 90th percentile sees tax bills as high as $2,399. The highest and lowest median tax bills in the area both stand at $444, specifically in the 89412 zip code. This tax burden can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Gerlach Tax Bill
$444
Average Washoe County Tax Bill
$2,401
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Gerlach, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89412 | $217 | $301 | $444 | $891 | $2,399 |
Source: Ownwell