Valmy, Nevada Property Taxes
The median property tax rate in Valmy, NV is 0.76%, which is lower than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Valmy, the typical annual property tax bill comes to $936, significantly less than the national median of $2,690. Property taxes in Valmy are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Valmy'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 Valmy or another part of Humboldt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Valmy, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$781
Ownwell’s Valmy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valmy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valmy 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 Valmy, Nevada
Property taxes in Valmy, Nevada, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valmy is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Valmy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valmy 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 Valmy's effective property tax rate to other areas in Nevada and the national median. For comparison, the 89438 zip code has both the highest and lowest median property tax rate of 0.76%. Understanding how these areas compare with Valmy 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 Valmy Tax Rate
0.76%
Average Humboldt County Tax Rate
1.03%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valmy, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89438 | 0.69% | 0.73% | 0.76% | 0.80% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Valmy, Nevada
In Valmy, 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 Humboldt County Assessor’s Office 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 Valmy, 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 Valmy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 89438 in Valmy has the highest and lowest median tax bill at $936.
Average Valmy Assessed Value
$102,746
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 Valmy, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89438 | $35,720 | $57,214 | $102,746 | $157,329 | $252,597 |
Source: Ownwell
Property Tax Bills Across Valmy, Nevada
In Valmy, located in Humboldt County, NV, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Valmy, the median home price is $102,746. The property tax rates in this region are relatively moderate compared to the national median property tax rate of 0.99%. In Valmy, the 25th percentile tax bill is $363, while the 75th percentile tax bill is $1,471, and the 90th percentile tax bill reaches up to $2,454. The highest and lowest median tax bills in the area are both $936, indicating a level of consistency in property tax assessments within the 89438 zip code. These tax bills play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in Valmy.
Average Valmy Tax Bill
$936
Average Humboldt County Tax Bill
$979
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Valmy, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89438 | $266 | $363 | $936 | $1,471 | $2,454 |
Source: Ownwell