Round Hill, Nevada Property Taxes
The median property tax rate in Round Hill, NV is 0.57%, significantly lower than both the national median of 0.99% and the Nevada state median of 0.80%. With a median home value in Round Hill of $193,824, the typical annual property tax bill is $1,106, which is well below the national median of $2,690. Property taxes in Round Hill 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 Round Hill'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 Hill or another part of Douglas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Round Hill, Nevada Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,600
Ownwell’s ROUND HILL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ROUND HILL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ROUND HILL 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 Hill, Nevada
Property taxes in Round Hill, Nevada, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Round Hill is 0.57%, which is lower than the U.S. national median of 0.99%. Local government entities within Round Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Round Hill 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 Hill's effective property tax rate to other areas in Douglas County and the national median. For comparison, the zip code 89448 has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these areas compare with Round Hill provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Round Hill Tax Rate
0.57%
Average Douglas County Tax Rate
0.99%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Round Hill, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89448 | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Round Hill, Nevada
In Round Hill, 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 Douglas 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 Round Hill, 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 Round Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 89448 has both the highest and lowest median tax bill at $1106, reflecting the uniformity in property tax assessments within the region.
Average Round Hill Assessed Value
$193,824
Average Douglas County Assessed Value
$246,243
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Round Hill, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89448 | $193,439 | $193,584 | $193,824 | $194,065 | $194,210 |
Source: Ownwell
Property Tax Bills Across Round Hill, Nevada
In Round Hill, located in Douglas County, NV, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and applies an assessment ratio. For Round Hill, the median home price is $193,824. The local tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and changes in the local tax rate. For homeowners in Round Hill, the tax bills can vary, with the 25th percentile at $1,103 and the 75th percentile at $1,110. The highest median tax bill in the area is $1,106, found in the zip code 89448, which is consistent across the region. Compared to the national median property tax rate of 0.99%, Round Hill's tax rates are relatively high, impacting homeowners by increasing their annual expenses. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Round Hill Tax Bill
$1,106
Average Douglas County Tax Bill
$2,529
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Round Hill, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89448 | $1,101 | $1,103 | $1,106 | $1,110 | $1,112 |
Source: Ownwell