Palm Gardens, Nevada Property Taxes
The median property tax rate in Palm Gardens, NV is 0.70%, which is considerably lower than both the national median of 0.99% and the Nevada state median of 0.80%. With a median home value of $194,123 in Palm Gardens, the typical annual property tax bill amounts to $1,283, well below the national median of $2,690. Property taxes in Palm Gardens are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Grasping the nuances of Palm Gardens' property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Palm Gardens 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
Palm Gardens, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,359
Ownwell’s Palm Gardens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Palm Gardens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Palm Gardens 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 Palm Gardens, Nevada
Property taxes in Palm Gardens, Nevada, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Palm Gardens is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Palm Gardens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Palm Gardens 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 Palm Gardens' effective property tax rate to other counties in Nevada and the national median. For comparison, the 89039 zip code has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Palm Gardens 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 Palm Gardens Tax Rate
0.70%
Average Clark County Tax Rate
0.74%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Palm Gardens, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89039 | 0.64% | 0.66% | 0.70% | 0.72% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Palm Gardens, Nevada
In Palm Gardens, 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 Palm Gardens, 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 Palm Gardens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both found in the 89039 zip code, standing at $1,283.
Average Palm Gardens Assessed Value
$194,123
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 Palm Gardens, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89039 | $131,597 | $154,366 | $194,123 | $227,114 | $233,646 |
Source: Ownwell
Property Tax Bills Across Palm Gardens, Nevada
In Palm Gardens, NV, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value. For instance, with a median home price of $194,123, homeowners in Palm Gardens can expect their tax bill to vary. At the 25th percentile, the tax bill is around $1,100, while at the 75th percentile, it reaches approximately $1,495. The 90th percentile tax bill is about $1,680. Several factors influence these tax bills, including the property's location within Clark County, its assessed value, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Palm Gardens offers a relatively moderate tax burden. For homeowners, understanding these calculations is crucial, as property taxes significantly impact annual expenses. Properly assessing and managing these taxes ensures that homeowners can budget effectively and avoid unexpected financial strain.
Average Palm Gardens Tax Bill
$1,283
Average Clark County Tax Bill
$1,738
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Palm Gardens, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89039 | $1,009 | $1,100 | $1,283 | $1,495 | $1,680 |
Source: Ownwell