Golconda, Nevada Property Taxes
The median property tax rate in Golconda, NV is 0.79%, slightly below both the national median of 0.99% and the Nevada state median of 0.80%. With a median home value of $29,734 in Golconda, the typical annual property tax bill is $308, significantly lower than the national median of $2,690. Property taxes in Golconda are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Golconda's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Golconda or another part of Humboldt County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Golconda, 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 Golconda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Golconda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Golconda 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 Golconda, Nevada
Property taxes in Golconda, Nevada, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Golconda is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Golconda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Golconda 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 Golconda's effective property tax rate to other counties in Nevada and the national median. For comparison, the zip code 89414 has both the highest and lowest median property tax rate of 0.79%. Understanding how these cities compare with Golconda provides valuable insights into the varying tax landscape across Humboldt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Golconda Tax Rate
0.79%
Average Humboldt County Tax Rate
1.03%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Golconda, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89414 | 0.67% | 0.75% | 0.79% | 0.99% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Golconda, Nevada
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Golconda, NV. 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 Humboldt 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 Golconda, 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. The median home price in Golconda is $29,734, with tax bills ranging from $110 at the 25th percentile to $1,104 at the 90th percentile. The zip code 89414 has the highest and lowest median tax bill of $308. 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 Golconda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Golconda Assessed Value
$29,734
Average Humboldt County Assessed Value
$102,071
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Golconda, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89414 | $5,712 | $13,053 | $29,734 | $70,818 | $143,486 |
Source: Ownwell
Property Tax Bills Across Golconda, Nevada
In Golconda, Humboldt County, NV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Golconda generally face a median home price of $29,734. Property tax rates in this region are influenced by various factors, including local government budgets and the needs of public services such as schools and infrastructure. For homeowners, the property tax bill can vary significantly. At the 25th percentile, the tax bill is around $110, while at the 75th percentile, it rises to approximately $640. For those at the 90th percentile, the tax bill can reach up to $1,104. These variations highlight how different factors, including property value and local tax rates, impact the final tax bill. Compared to the national median property tax rate of 0.99%, Golconda's property tax bills can be considered relatively moderate, providing some relief to homeowners in this region.
Average Golconda Tax Bill
$308
Average Humboldt County Tax Bill
$979
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Golconda, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89414 | $47 | $110 | $308 | $640 | $1,104 |
Source: Ownwell