Elko County, Nevada Property Taxes
The median property tax rate in Elko County is 0.92%, which is slightly lower than the national median of 0.99% but higher than the Nevada state median of 0.80%. With a median home value of $142,560 in Elko County, the typical annual property tax bill amounts to $1,397, significantly below the national median of $2,690. Property taxes in Elko County are calculated based on the tax assessed value, which is generally lower than the actual market value due to various property tax exemptions such as the primary residence and agricultural exemptions. Understanding Elko County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Elko or another part of Elko County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elko County, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,312
$1,217
Ownwell’s Elko County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Elko County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Elko County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a 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 Elko County, Nevada
Property taxes in Elko County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Elko County is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Elko County set these rates annually, and they can vary significantly between different areas within the county. Each year, Elko County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Elko County's effective property tax rate with other regions in Nevada and the national median. For comparison, the city of West Wendover has one of the higher property tax rates in Nevada at 1.25%, while the city of Tuscarora boasts one of the lowest at 0.83%. Analyzing how Elko County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Elko County Tax Rate
0.92%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elko County, Nevada
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carlin | 1.11% | 1.14% | 1.18% | 1.23% | 1.26% |
| Deeth | 0.81% | 0.83% | 0.88% | 0.90% | 0.94% |
| Elko | 0.85% | 0.90% | 1.10% | 1.20% | 1.24% |
| Golconda | N/A | N/A | N/A | N/A | N/A |
| Jackpot | 0.81% | 0.85% | 0.90% | 1.04% | 1.07% |
| Jarbidge | 0.82% | 0.84% | 0.87% | 0.88% | 0.90% |
| Lamoille | 0.83% | 0.85% | 0.88% | 0.91% | 0.94% |
| Montello | 0.46% | 0.82% | 0.88% | 0.96% | 1.05% |
| Mountain City | 0.75% | 0.95% | 0.98% | 1.02% | 1.06% |
| Ruby Valley | 0.83% | 0.87% | 0.88% | 0.90% | 0.95% |
| Spring Creek | 0.83% | 0.84% | 0.87% | 0.90% | 0.93% |
| Tuscarora | 0.65% | 0.79% | 0.83% | 0.87% | 0.89% |
| Wells | 0.83% | 0.90% | 1.06% | 1.16% | 1.21% |
| West Wendover | 1.17% | 1.20% | 1.25% | 1.29% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Elko County, Nevada
In Elko County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Elko County Appraisal District. The assessed value, however, 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. Assessment notices in Elko County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, in Elko County, the highest median tax bill is $2,530 in Ruby Valley, while the lowest is $186 in Montello. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Elko County Assessed Value
$142,560
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elko County, Nevada
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carlin | $18,860 | $32,456 | $62,740 | $105,316 | $151,111 |
| Deeth | $6,223 | $9,520 | $26,030 | $48,513 | $155,032 |
| Elko | $34,055 | $68,053 | $130,003 | $219,197 | $357,823 |
| Golconda | N/A | N/A | N/A | N/A | N/A |
| Jackpot | $18,720 | $41,556 | $82,986 | $154,958 | $245,463 |
| Jarbidge | $7,961 | $14,758 | $24,526 | $54,493 | $89,241 |
| Lamoille | $82,047 | $131,796 | $279,337 | $488,114 | $704,880 |
| Montello | $4,272 | $7,135 | $19,289 | $42,292 | $73,885 |
| Mountain City | $5,168 | $8,436 | $31,367 | $61,724 | $99,233 |
| Ruby Valley | $49,128 | $91,463 | $264,103 | $424,097 | $801,361 |
| Spring Creek | $50,659 | $122,547 | $191,107 | $288,208 | $372,840 |
| Tuscarora | $3,958 | $18,072 | $46,155 | $222,197 | $942,953 |
| Wells | $17,494 | $40,906 | $72,371 | $146,043 | $268,823 |
| West Wendover | $78,812 | $100,829 | $130,032 | $188,821 | $255,574 |
Source: Ownwell
Property Tax Bills Across Elko County, Nevada
In Elko County, NV, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the final tax bill. Various factors such as property location, market conditions, and improvements can influence the assessed value. For instance, the median home price in Elko County is $142,560. Homeowners can expect a wide range in their tax bills. The 25th percentile tax bill is around $709, while at the 75th percentile, it rises to $2,294. The highest tax bills in the county can reach up to $3,384, particularly in areas like Ruby Valley, which has the highest median tax bill of $2,530. On the other hand, Montello has the lowest median tax bill at just $186. Compared to the national median property tax rate of 0.99%, Elko County offers a diverse range of property tax bills, significantly impacting homeowners based on their property's assessed value and location.
Average Elko County Tax Bill
$1,397
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Elko County, Nevada
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carlin | $232 | $377 | $718 | $1,262 | $1,742 |
| Deeth | $47 | $88 | $233 | $411 | $1,352 |
| Elko | $341 | $751 | $1,381 | $2,381 | $3,784 |
| Golconda | N/A | N/A | N/A | N/A | N/A |
| Jackpot | $164 | $348 | $750 | $1,414 | $2,531 |
| Jarbidge | $68 | $130 | $216 | $473 | $868 |
| Lamoille | $733 | $1,204 | $2,227 | $4,260 | $6,128 |
| Montello | $19 | $55 | $186 | $401 | $663 |
| Mountain City | $41 | $84 | $311 | $610 | $1,022 |
| Ruby Valley | $428 | $721 | $2,530 | $4,385 | $8,244 |
| Spring Creek | $457 | $1,098 | $1,651 | $2,457 | $3,193 |
| Tuscarora | $31 | $141 | $355 | $1,714 | $9,151 |
| Wells | $211 | $409 | $747 | $1,486 | $2,739 |
| West Wendover | $1,030 | $1,279 | $1,608 | $2,298 | $3,087 |
Source: Ownwell