Laughlin, Nevada Property Taxes
The median property tax rate in Laughlin, NV is 0.92%, slightly below the national median of 0.99% but higher than the Nevada state median of 0.80%. With the median home value in Laughlin at $148,563, the typical annual property tax bill is $1,326, significantly lower than the national median of $2,690. Property taxes in Laughlin 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 Laughlin'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 Laughlin 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
Laughlin, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,367
Ownwell’s Laughlin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laughlin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laughlin 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 Laughlin, Nevada
Property taxes in Laughlin, Nevada, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laughlin is 0.92%, slightly below the U.S. national median of 0.99%. Local government entities within Laughlin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laughlin 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 Laughlin's effective property tax rate to other areas in Clark County and the national median. For comparison, the zip code 89029 has both the highest and the lowest median property tax rate of 0.92%. Understanding how these cities compare with Laughlin provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Laughlin Tax Rate
0.92%
Average Clark County Tax Rate
0.74%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laughlin, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89029 | 0.78% | 0.83% | 0.92% | 1.00% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Laughlin, Nevada
In Laughlin, 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 Clark 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 Laughlin, 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 Laughlin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 89029 has the highest and lowest median tax bill, both at $1,326, which is significantly lower than the national median property tax rate of 0.99%.
Average Laughlin Assessed Value
$148,563
Average Clark County Assessed Value
$236,629
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laughlin, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89029 | $74,820 | $91,071 | $148,563 | $232,538 | $307,209 |
Source: Ownwell
Property Tax Bills Across Laughlin, Nevada
In Laughlin, located in Clark County, NV, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor's office. The assessed value is a percentage of the property's market value. Once the assessed value is established, the property tax rate is applied to calculate the tax bill. The median home price in Laughlin is $148,563, which provides a baseline for understanding property tax bills in the area. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. In Laughlin, the 25th percentile tax bill is around $820, while the 75th percentile reaches $2,179. For the top 10% of properties, tax bills can go up to $2,954. Homeowners in the zip code 89029 experience a median tax bill of $1,326, which is relatively moderate compared to the national median property tax rate of 0.99%. These property taxes significantly impact homeowners by influencing their overall housing costs and potentially affecting their financial planning.
Average Laughlin Tax Bill
$1,326
Average Clark County Tax Bill
$1,738
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Laughlin, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89029 | $607 | $820 | $1,326 | $2,179 | $2,954 |
Source: Ownwell