Verdi, Nevada Property Taxes
The median property tax rate in Verdi, NV is 1.26%, considerably higher than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Verdi, the typical annual property tax bill reaches $5,210, exceeding the national median of $2,690. Property taxes in Verdi 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 Verdi'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 Verdi or another part of Washoe County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Verdi, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$4,545
Ownwell’s Verdi Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Verdi with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Verdi 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 Verdi, Nevada
Property taxes in Verdi, Nevada, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Verdi is 0.60%, lower than both the Nevada state median of 0.60% and the U.S. national median of 0.99%. Local government entities within Verdi set these rates annually, and they can vary significantly across different neighborhoods. Each year, Verdi 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 Verdi's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89439 zip code has the highest median property tax rate of 0.60%, while the 89439 zip code has the lowest median tax rate of 0.60%. Understanding how these cities compare with Verdi provides valuable insights into the varying tax landscape across Washoe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Verdi Tax Rate
1.26%
Average Washoe County Tax Rate
1.13%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Verdi, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89439 | 0.93% | 1.03% | 1.26% | 1.43% | 4.71% |
Source: Ownwell
Property Tax Assessment Values Across Verdi, Nevada
In Verdi, 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 Washoe 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 Verdi, 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 Verdi helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Verdi is 89439, with a median tax bill of $5,210.
Average Verdi Assessed Value
$360,684
Average Washoe County Assessed Value
$201,928
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Verdi, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89439 | $94,050 | $182,552 | $360,684 | $457,412 | $655,750 |
Source: Ownwell
Property Tax Bills Across Verdi, Nevada
In Verdi, located in Washoe County, NV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the home's market value. Homeowners in Verdi can expect their property tax bill to be influenced by several factors, including the median home price of $360,684 and the local tax rate. The tax bill for properties in Verdi varies significantly, with the 25th percentile of tax bills around $3,084, while those in the 75th percentile can reach up to $6,250. For the top 10% of properties, tax bills can soar to approximately $8,393. These figures highlight the range of property tax burdens homeowners may face, depending on their property's assessed value and specific circumstances. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Verdi to understand how their local rates and property values impact their annual tax obligations.
Average Verdi Tax Bill
$5,210
Average Washoe County Tax Bill
$2,401
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Verdi, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89439 | $1,886 | $3,084 | $5,210 | $6,250 | $8,393 |
Source: Ownwell