Baker, Nevada Property Taxes
The median property tax rate in Baker, NV is 1.28%, considerably higher than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Baker, the typical annual property tax bill reaches $154, which is significantly lower than the national median of $2,690. Property taxes in Baker 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 Baker'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 Baker or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Baker, 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 Baker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baker 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 Baker, Nevada
Property taxes in Baker, Nevada, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baker is 1.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within Baker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baker 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 Baker's effective property tax rate to the national median. For comparison, the zip code 89311 in White Pine County has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Baker provides valuable insights into the varying tax landscape across White Pine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baker Tax Rate
1.28%
Average White Pine County Tax Rate
1.25%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baker, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89311 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Baker, Nevada
In Baker, 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 White Pine County Appraisal District 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 Baker, 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 Baker helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Baker are both $154, found in the 89311 zip code.
Average Baker Assessed Value
$12,046
Average White Pine County Assessed Value
$62,311
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baker, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89311 | $11,650 | $11,798 | $12,046 | $26,105 | $34,540 |
Source: Ownwell
Property Tax Bills Across Baker, Nevada
In Baker, located in White Pine County, NV, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Various factors influence this calculation, including property size, location, and improvements. For instance, the median home price in Baker is $12,046, and property tax bills can vary significantly. Homeowners at the 25th percentile pay around $151, while those at the 75th percentile see bills closer to $334. At the 90th percentile, the tax bill can reach up to $442. These figures illustrate how property tax bills can range widely based on individual circumstances. Compared to the national median property tax rate of 0.99%, Baker's rates are relatively low, making it an attractive location for homeowners looking to manage their expenses. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan accordingly.
Average Baker Tax Bill
$154
Average White Pine County Tax Bill
$748
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Baker, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89311 | $149 | $151 | $154 | $334 | $442 |
Source: Ownwell