Gabbs, Nevada Property Taxes
The median property tax rate in Gabbs, NV is 1.09%, which is higher than both the national median of 0.99% and Nevada's state median of 0.80%. With a median home value of $24,654 in Gabbs, the typical annual property tax bill is $238, significantly lower than the national median of $2,690. Property taxes in Gabbs are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Navigating Gabbs' property tax system, exploring available exemptions, and finding opportunities for reductions can yield substantial annual savings. Whether you reside in Gabbs or another part of Nye County, understanding the local property tax framework is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Gabbs, 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 Gabbs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gabbs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gabbs 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 Gabbs, Nevada
Property taxes in Gabbs, Nevada, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gabbs is 1.09%, higher than both the Nevada state median and the U.S. national median of 0.99%. Local government entities within Gabbs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gabbs 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 Gabbs' effective property tax rate to other counties in Nevada and the national median. For comparison, the 89409 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Gabbs provides valuable insights into the varying tax landscape across Nye County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gabbs Tax Rate
1.09%
Average Nye County Tax Rate
0.90%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gabbs, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89409 | 0.78% | 0.87% | 1.09% | 1.44% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Gabbs, Nevada
In Gabbs, 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 Nye 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 Gabbs, 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 Gabbs is $24,654, with tax bills ranging from $112 at the 25th percentile to $514 at the 90th percentile. 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 Gabbs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gabbs Assessed Value
$24,654
Average Nye County Assessed Value
$128,622
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gabbs, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89409 | $3,829 | $7,910 | $24,654 | $35,250 | $49,415 |
Source: Ownwell
Property Tax Bills Across Gabbs, Nevada
Property tax bills in Gabbs, located in Nye County, NV, are calculated based on the assessed value of the property. The assessed value is a percentage of the market value, which is determined by the county assessor. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. In Gabbs, the median home price is $24,654, which is significantly lower than the national median. Consequently, the property tax bills are also relatively low, with the 25th percentile tax bill at $112 and the 75th percentile at $342. The highest median tax bill in the area is $238, found in the 89409 zip code. These taxes fund essential public services such as schools, emergency services, and infrastructure. For homeowners, understanding how these factors influence their tax bill can help them plan their finances better and potentially seek exemptions or appeals to reduce their tax burden.
Average Gabbs Tax Bill
$238
Average Nye County Tax Bill
$1,034
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Gabbs, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89409 | $65 | $112 | $238 | $342 | $514 |
Source: Ownwell