Duckwater, Nevada Property Taxes
The median property tax rate in Duckwater, NV is 1.01%, slightly higher than both the national median of 0.99% and Nevada’s state median of 0.80%. With the median home value in Duckwater, the typical annual property tax bill reaches $553, which is significantly lower than the national median of $2,690. Property taxes in Duckwater 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 Duckwater'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 Duckwater or another part of White Pine County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Duckwater, 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 Duckwater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Duckwater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Duckwater 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 Duckwater, Nevada
Property taxes in Duckwater, Nevada, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Duckwater 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 Duckwater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Duckwater 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 Duckwater's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89314 zip code has the highest median property tax rate of 0.60%, while the 89314 zip code has the lowest median tax rate of 0.60%. Understanding how these cities compare with Duckwater 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 Duckwater Tax Rate
1.01%
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 Duckwater, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89314 | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Duckwater, Nevada
In Duckwater, 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 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 Duckwater, 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 Duckwater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $553, found in zip code 89314.
Average Duckwater Assessed Value
$54,978
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 Duckwater, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89314 | $54,978 | $54,978 | $54,978 | $54,978 | $54,978 |
Source: Ownwell
Property Tax Bills Across Duckwater, Nevada
In Duckwater, located in White Pine County, NV, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Duckwater, the median home price stands at $54,978. With a consistent property tax bill of $553 at the 25th, 75th, and 90th percentiles, the tax rate is relatively straightforward. This rate is significantly lower compared to the national median property tax rate of 0.99%, making Duckwater an attractive option for homeowners seeking lower property tax burdens. The uniformity in the tax bills suggests a stable and predictable tax environment, which can be beneficial for financial planning. Homeowners in Duckwater can expect their property tax bills to remain consistent, allowing for better budgeting and financial stability.
Average Duckwater Tax Bill
$553
Average White Pine County Tax Bill
$748
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Duckwater, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89314 | $553 | $553 | $553 | $553 | $553 |
Source: Ownwell