Mound House, Nevada Property Taxes
The median property tax rate in Mound House, NV is 0.91%, slightly below the national median of 0.99% but higher than the Nevada state median of 0.80%. With a median home value in Mound House of $115,469, the typical annual property tax bill is $1,047, which is significantly lower than the national median of $2,690. Property taxes in Mound House are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Mound House'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 Mound House 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
Mound House, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,051
$975
Ownwell’s Mound House Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mound House with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mound House 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 Mound House, Nevada
Property taxes in Mound House, Nevada, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Mound House is 0.53%, significantly lower than both the Nevada state median of 0.60% and the U.S. national median of 0.99%. Local government entities within Mound House set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mound House 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 Mound House's effective property tax rate to other counties in Nevada and the national median. For comparison, 89706 has the highest median property tax rate of 0.91%, while 89706 also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Mound House provides valuable insights into the varying tax landscape across Lyon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mound House Tax Rate
0.91%
Average Douglas County Tax Rate
0.99%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mound House, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89706 | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Mound House, Nevada
In Mound House, 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 Douglas 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 Mound House, 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 Mound House helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 89706, both at $1,047.
Average Mound House Assessed Value
$115,469
Average Douglas County Assessed Value
$246,243
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mound House, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89706 | $115,469 | $115,469 | $115,469 | $115,469 | $115,469 |
Source: Ownwell
Property Tax Bills Across Mound House, Nevada
In Mound House, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value typically represents a percentage of the property's market value. Homeowners in Mound House, located in Douglas County, can expect a median property tax bill of $1,047, regardless of the home's value, with the 25th, 75th, and 90th percentiles all being the same. This uniformity in tax bills is unusual compared to the national median property tax rate of 0.99%, suggesting a simplified approach to tax assessments within this region. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For homeowners, understanding these factors is crucial as they directly impact annual financial obligations. The relatively consistent tax bill in Mound House provides predictability for homeowners, but it’s essential to stay informed about any changes in assessment practices or tax rates that could affect future bills.
Average Mound House Tax Bill
$1,047
Average Douglas County Tax Bill
$2,529
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Mound House, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89706 | $1,047 | $1,047 | $1,047 | $1,047 | $1,047 |
Source: Ownwell