Dayton, Nevada Property Taxes
The median property tax rate in Dayton, NV is 0.62%, notably lower than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Dayton at $335,052, the typical annual property tax bill amounts to $2,049, which is below the national median of $2,690. Property taxes in Dayton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dayton'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 Dayton or another part of Lyon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dayton, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$2,077
Ownwell’s Dayton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dayton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dayton 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 Dayton, Nevada
Property taxes in Dayton, Nevada, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dayton is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Dayton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dayton 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 Dayton's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89403 zip code has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Dayton provides valuable insights into the varying tax landscape across Lyon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dayton Tax Rate
0.62%
Average Lyon County Tax Rate
0.69%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dayton, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89403 | 0.45% | 0.52% | 0.62% | 0.77% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Dayton, Nevada
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dayton, Nevada. 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 Lyon 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 Dayton, 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. For instance, the median home price in Dayton is $335,052, with tax bills ranging from $1,448 at the 25th percentile to $4,201 at the 90th percentile. The zip code 89403 has both the highest and lowest median tax bill, standing at $2,049. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dayton Assessed Value
$335,052
Average Lyon County Assessed Value
$272,527
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dayton, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89403 | $213,259 | $279,832 | $335,052 | $414,568 | $475,373 |
Source: Ownwell
Property Tax Bills Across Dayton, Nevada
In Dayton, NV, within Lyon County, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local property tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $335,052, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $1,448, while those in the 75th percentile see bills closer to $3,150. At the higher end, the 90th percentile tax bill reaches approximately $4,201. Factors such as property improvements, location, and changes in market conditions can influence the assessed value, thereby affecting the total tax bill. Compared to the national median property tax rate of 0.99%, Dayton's tax rates reflect its unique local economic conditions. This variability in property tax bills can significantly impact homeowners' annual financial planning, making it essential for them to stay informed about potential changes in property valuations and tax rates.
Average Dayton Tax Bill
$2,049
Average Lyon County Tax Bill
$1,773
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Dayton, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89403 | $1,077 | $1,448 | $2,049 | $3,150 | $4,201 |
Source: Ownwell