Property Taxes in Nevada
The median Nevada property tax rate is 0.80%, which is lower than the national median of 0.99%. With a median home value of $225,374, the median Nevada property tax bill comes to $1,782 annually. This is considerably less than the national median annual property tax bill of $2,223. Property taxes in Nevada are calculated based on the tax assessed value, which generally falls below the actual market value due to property tax exemptions, such as the primary residence or agriculture exemption. Understanding your county's specific property tax system, exploring property tax exemptions, and recognizing opportunities for property tax reductions can lead to significant annual tax savings. Whether you're in Las Vegas, Reno, Henderson, or any other Nevada locale, familiarizing yourself with the property taxes in your location can benefit homeowners and investors alike.
Last Updated June 14, 2024
Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,803
$1,673
Ownwell’s Nevada Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Nevada with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Nevada to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a county or city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Nevada
Property taxes in Nevada fund essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nevada is 0.80% compared to the national median property tax rate of 0.99%. The tax rate is set by local government entities and can vary widely between different areas within Nevada. Each county estimates its required budget to provide services for the upcoming year and then divides that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, that is the process followed each year. Compare a Nevada county’s effective property tax rate to other counties in Nevada or the US median property tax rate below. Mineral County has the highest property tax rate in Nevada at 1.46%. Eureka County has the lowest property tax rate in Nevada at 0.62%.
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nevada
| County | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Churchill | 0.66% | 0.78% | 0.92% | 1.05% | 1.21% |
| Clark | 0.54% | 0.63% | 0.74% | 0.88% | 1.01% |
| Douglas | 0.77% | 0.88% | 0.99% | 1.11% | 1.25% |
| Elko | 0.83% | 0.86% | 0.92% | 1.14% | 1.23% |
| Esmeralda | 1.08% | 1.20% | 1.42% | 2.17% | 3.49% |
| Eureka | 0.50% | 0.58% | 0.62% | 0.72% | 0.98% |
| Humboldt | 0.76% | 0.81% | 1.03% | 1.15% | 1.29% |
| Lander | 0.98% | 1.09% | 1.17% | 1.25% | 1.39% |
| Lincoln | 0.97% | 1.05% | 1.13% | 1.26% | 1.34% |
| Lyon | 0.50% | 0.59% | 0.69% | 0.86% | 1.13% |
| Mineral | 1.16% | 1.31% | 1.46% | 1.66% | 2.32% |
| Nye | 0.68% | 0.76% | 0.90% | 1.15% | 1.29% |
| Pershing | 0.87% | 0.87% | 1.11% | 1.46% | 1.71% |
| Storey | 0.61% | 0.70% | 0.98% | 1.09% | 1.14% |
| Washoe | 0.81% | 0.96% | 1.13% | 1.29% | 1.44% |
| White Pine | 1.08% | 1.19% | 1.25% | 1.30% | 1.37% |
| Carson City | 0.72% | 0.83% | 0.93% | 1.03% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Nevada
When examining property taxes in Nevada, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by factors such as location, property condition, and economic market trends. Market value is estimated by each Nevada county assessor for tax purposes. The assessed value is then the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes, or the amount multiplied by your tax rate to get your tax bill. Assessment notices in Nevada are sent in the spring each year. They should reach your mailbox typically by the end of April. Each property owner receives an assessment notice that contains both the market value and assessed value along with an estimate of your property tax bill. By providing insights into how assessed values and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Nevada. Douglas County has the highest median tax bill at $2,529, while Pershing County has the lowest at $172.
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nevada
| County | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Churchill | $62,003 | $96,931 | $169,780 | $261,263 | $346,158 |
| Clark | $100,969 | $152,553 | $236,629 | $336,077 | $466,220 |
| Douglas | $114,684 | $167,808 | $246,243 | $391,316 | $639,148 |
| Elko | $32,037 | $66,948 | $142,560 | $241,946 | $356,269 |
| Esmeralda | $7,546 | $13,645 | $26,637 | $53,327 | $122,759 |
| Eureka | $13,555 | $29,732 | $73,754 | $178,196 | $362,745 |
| Humboldt | $24,637 | $48,776 | $102,071 | $181,396 | $286,952 |
| Lander | $18,146 | $31,363 | $56,514 | $105,346 | $233,782 |
| Lincoln | $21,099 | $38,799 | $68,008 | $145,770 | $263,439 |
| Lyon | $87,006 | $166,835 | $272,527 | $346,973 | $427,302 |
| Mineral | $15,362 | $25,144 | $52,540 | $77,338 | $113,191 |
| Nye | $23,517 | $54,337 | $128,622 | $214,106 | $287,493 |
| Pershing | $5,347 | $5,347 | $15,347 | $78,716 | $153,404 |
| Storey | $70,053 | $118,857 | $161,718 | $243,158 | $355,924 |
| Washoe | $78,253 | $118,234 | $201,928 | $313,441 | $465,252 |
| White Pine | $23,058 | $42,258 | $62,311 | $104,313 | $192,255 |
| Carson City | $107,110 | $140,740 | $200,240 | $297,894 | $436,455 |
Source: Ownwell
Property Tax Bills Across Nevada
In Nevada, property tax bills are calculated based on the assessed value of a property, which is determined by county assessors. The assessed value is a percentage of the property's market value, typically set at 35%. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as location, property type, and any applicable exemptions can influence the final tax amount. Homeowners in Nevada experience varying tax bills depending on their property's assessed value and the specific county tax rates. For instance, the median home price in Nevada is $225,374. The 25th percentile tax bill is around $1,030, while the 75th percentile tax bill reaches approximately $2,906. In Douglas County, homeowners face the highest median tax bill at $2,529, whereas Pershing County residents enjoy the lowest median tax bill at just $172. These variations can significantly impact homeowners, making it crucial to understand local tax policies and potential exemptions to manage annual property tax expenses effectively.
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Nevada
| County | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Churchill | $565 | $917 | $1,522 | $2,342 | $3,327 |
| Clark | $641 | $1,036 | $1,738 | $2,784 | $4,155 |
| Douglas | $1,195 | $1,662 | $2,529 | $3,866 | $6,273 |
| Elko | $308 | $709 | $1,397 | $2,294 | $3,384 |
| Esmeralda | $206 | $281 | $386 | $703 | $1,405 |
| Eureka | $79 | $200 | $453 | $1,067 | $2,307 |
| Humboldt | $280 | $563 | $979 | $1,651 | $2,683 |
| Lander | $194 | $363 | $664 | $1,236 | $2,657 |
| Lincoln | $244 | $459 | $767 | $1,565 | $2,772 |
| Lyon | $581 | $1,083 | $1,773 | $2,560 | $3,865 |
| Mineral | $245 | $454 | $750 | $1,072 | $1,473 |
| Nye | $264 | $524 | $1,034 | $1,737 | $2,656 |
| Pershing | $46 | $46 | $172 | $1,000 | $1,726 |
| Storey | $609 | $871 | $1,283 | $2,470 | $3,631 |
| Washoe | $711 | $1,365 | $2,401 | $3,865 | $5,853 |
| White Pine | $296 | $508 | $748 | $1,213 | $2,255 |
| Carson City | $844 | $1,193 | $1,908 | $2,884 | $4,487 |
Source: Ownwell