Carlin, Nevada Property Taxes
The median property tax rate in Carlin, NV is 1.18%, considerably higher than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Carlin, the typical annual property tax bill reaches $718, which is significantly lower than the national median of $2,690. Property taxes in Carlin are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Carlin'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 Carlin 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
Carlin, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$740
$687
Ownwell’s Carlin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carlin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carlin 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 Carlin, Nevada
Property taxes in Carlin, Nevada, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carlin is 1.18%, significantly higher than the U.S. national median of 0.99%. Local government entities within Carlin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carlin 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 Carlin's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89822 zip code has both the highest and lowest median property tax rate of 1.18%. Understanding how these cities compare with Carlin provides valuable insights into the varying tax landscape across Elko County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carlin Tax Rate
1.18%
Average Elko County Tax Rate
0.92%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlin, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89822 | 1.11% | 1.14% | 1.18% | 1.23% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Carlin, Nevada
In Carlin, 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 Elko 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 Carlin, 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. For example, the highest median tax bill in Carlin is $718 in zip code 89822, while the lowest median tax bill is also $718 in the same 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 Carlin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carlin Assessed Value
$62,740
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 Carlin, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89822 | $18,860 | $32,456 | $62,740 | $105,316 | $151,111 |
Source: Ownwell
Property Tax Bills Across Carlin, Nevada
In Carlin, located in Elko County, NV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the home's market value. For instance, with a median home price of $62,740, homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. Factors influencing the tax bill include the property's location, any applicable exemptions, and the specific tax rate set by local authorities. In Carlin, the tax bills range significantly, with the 25th percentile at $377 and the 75th percentile at $1,262. At the higher end, the 90th percentile reaches $1,742. These property taxes fund essential local services such as schools, infrastructure, and emergency services. For homeowners, understanding how their tax bill is calculated helps in budgeting and financial planning, ensuring they are prepared for these annual expenses. Comparing this to the national median property tax rate of 0.99%, Carlin's tax rates can be seen as relatively moderate.
Average Carlin Tax Bill
$718
Average Elko County Tax Bill
$1,397
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlin, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89822 | $232 | $377 | $718 | $1,262 | $1,742 |
Source: Ownwell