Mount Charleston, Nevada Property Taxes
The median property tax rate in Mount Charleston, NV is 1.10%, higher than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Mount Charleston, the typical annual property tax bill reaches $1,225, which is lower than the national median of $2,690. Property taxes in Mount Charleston are calculated based on the tax assessed value, often below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Mount Charleston'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 Mount Charleston 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
Mount Charleston, 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 Mount Charleston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Charleston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Charleston 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 Mount Charleston, Nevada
Property taxes in Mount Charleston, NV are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Charleston is 1.10%, higher than the U.S. national median of 0.99%. Local government entities within Mount Charleston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Charleston 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 Mount Charleston's effective property tax rate to other areas within Clark County and the national median. For comparison, the zip code 89124 has both the highest and lowest median property tax rate of 1.10%. Understanding how these areas compare with Mount Charleston 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 Mount Charleston Tax Rate
1.10%
Average Clark County Tax Rate
0.74%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Charleston, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89124 | 0.27% | 0.75% | 1.10% | 1.16% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Mount Charleston, Nevada
In Mount Charleston, 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 Clark 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 Mount Charleston, 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. The median home price here is $169,152, with tax bills ranging from $786 at the 25th percentile to $3,301 at the 90th percentile. The highest and lowest median tax bills are both $1,225 in the 89124 zip code. 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 Mount Charleston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mount Charleston, Nevada
Source: Ownwell
$30,171
$275,664
$521,157
Average Mount Charleston Assessed Value
$169,152
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 Mount Charleston, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89124 | $75,418 | $108,684 | $169,152 | $368,877 | $744,206 |
Source: Ownwell
Property Tax Bills Across Mount Charleston, Nevada
In Mount Charleston, located in Clark County, NV, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in this area is $169,152. Homeowners can expect their property tax bills to vary significantly depending on several factors, including property size, location, and local tax rates. For instance, the tax bill at the 25th percentile is around $786, while at the 75th percentile, it rises to approximately $2,117. Those at the 90th percentile could see tax bills as high as $3,301. The highest and lowest median tax bills in the area are both $1,225, indicating a consistent rate across different properties. These property taxes contribute to local services such as schools, infrastructure, and emergency services. Understanding how these taxes are assessed can help homeowners budget more effectively and anticipate the financial impact of owning property in Mount Charleston. Compared to the national median property tax rate of 0.99%, Mount Charleston's rates offer a competitive advantage for homeowners.
Average Mount Charleston Tax Bill
$1,225
Average Clark County Tax Bill
$1,738
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Charleston, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89124 | $675 | $786 | $1,225 | $2,117 | $3,301 |
Source: Ownwell