Blue Diamond, Nevada Property Taxes
The median property tax rate in Blue Diamond, NV is 0.45%, significantly lower than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Blue Diamond at $409,443, the typical annual property tax bill is $1,917, which is well below the national median of $2,690. Property taxes in Blue Diamond are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Blue Diamond's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Blue Diamond or another part of Clark County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blue Diamond, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$1,842
Ownwell’s Blue Diamond Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blue Diamond with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blue Diamond 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 Blue Diamond, Nevada
Property taxes in Blue Diamond, Nevada, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Diamond is 0.45%, lower than both the Nevada state median and the U.S. national median of 0.99%. Local government entities within Blue Diamond set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Diamond 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 Blue Diamond's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89004 zip code has the highest median property tax rate of 0.45%, while also having the lowest median tax rate of 0.45%. Understanding how these cities compare with Blue Diamond provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blue Diamond Tax Rate
0.45%
Average Clark County Tax Rate
0.74%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Diamond, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89004 | 0.38% | 0.42% | 0.45% | 0.50% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Blue Diamond, Nevada
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Blue Diamond, NV. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by Clark County 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 Blue Diamond, 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 Blue Diamond helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 89004 has both the highest and lowest median tax bill at $1,917, reflecting the consistency in property tax assessments in the area.
Average Blue Diamond Assessed Value
$409,443
Average Clark County Assessed Value
$236,629
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blue Diamond, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89004 | $318,867 | $348,434 | $409,443 | $518,340 | $620,600 |
Source: Ownwell
Property Tax Bills Across Blue Diamond, Nevada
In Blue Diamond, located in Clark County, NV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Blue Diamond is $409,443. The tax rate in this region is applied to the assessed value, which is typically a fraction of the market value set by the county assessor. For homeowners, property tax bills can vary significantly. The 25th percentile tax bill in Blue Diamond is $1,549, while the 75th percentile reaches $2,474. At the higher end, the 90th percentile tax bill climbs to $3,436. Interestingly, the median tax bill in Blue Diamond, with the highest and lowest both at $1,917, reflects the uniformity within the zip code 89004. These property taxes fund essential public services such as schools, infrastructure, and emergency services. Homeowners in Blue Diamond benefit from relatively moderate property tax rates compared to the national median of 0.99%, making it a financially attractive place to own property.
Average Blue Diamond Tax Bill
$1,917
Average Clark County Tax Bill
$1,738
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Diamond, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89004 | $1,341 | $1,549 | $1,917 | $2,474 | $3,436 |
Source: Ownwell