Topaz Ranch Estates, Nevada Property Taxes
The median property tax rate in Topaz Ranch Estates, NV is 1.24%, considerably higher than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Topaz Ranch Estates at $380,072, the typical annual property tax bill reaches $4,885, significantly exceeding the national median of $2,690. Property taxes in Topaz Ranch Estates 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 Topaz Ranch Estates' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Topaz Ranch Estates 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
Topaz Ranch Estates, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$4,713
Ownwell’s Topaz Ranch Estates Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Topaz Ranch Estates with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Topaz Ranch Estates 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 Topaz Ranch Estates, Nevada
Property taxes in Topaz Ranch Estates, Nevada, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Topaz Ranch Estates 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 Topaz Ranch Estates set these rates annually, and they can vary significantly across different neighborhoods. Each year, Topaz Ranch Estates 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 Topaz Ranch Estates' effective property tax rate to other counties in Nevada and the national median. For comparison, the 89444 zip code has the highest median property tax rate of 0.53%, while the 89444 zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with Topaz Ranch Estates provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Topaz Ranch Estates Tax Rate
1.24%
Average Douglas County Tax Rate
0.99%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Topaz Ranch Estates, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89444 | 1.20% | 1.21% | 1.24% | 1.27% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Topaz Ranch Estates, Nevada
In Topaz Ranch Estates, 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 Topaz Ranch Estates, 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 Topaz Ranch Estates 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 both stand at $4,885 in the 89444 zip code.
Property Tax Assessment Values Across Topaz Ranch Estates, Nevada
Source: Ownwell
$97,902
$637,854
$1,177,806
Average Topaz Ranch Estates Assessed Value
$380,072
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 Topaz Ranch Estates, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89444 | $171,834 | $249,923 | $380,072 | $510,220 | $588,310 |
Source: Ownwell
Property Tax Bills Across Topaz Ranch Estates, Nevada
In Topaz Ranch Estates, located in Douglas County, NV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. Homeowners in this area face varying tax bills, with the 25th percentile at $3,151 and the 75th percentile reaching $6,620. The 90th percentile sees tax bills as high as $7,660. The uniformity in the median tax bill across different zip codes, standing at $4,885, highlights a consistent approach to property tax assessments within the region. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or abatements. For homeowners, these taxes contribute significantly to annual expenses, impacting overall affordability and financial planning. Compared to the national median property tax rate of 0.99%, the rates in Topaz Ranch Estates reflect the local economic conditions and funding requirements for public services.
Average Topaz Ranch Estates Tax Bill
$4,885
Average Douglas County Tax Bill
$2,529
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Topaz Ranch Estates, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89444 | $2,111 | $3,151 | $4,885 | $6,620 | $7,660 |
Source: Ownwell