Deeth, Elko County, Nevada Property Taxes
The median property tax rate in Deeth, NV is 0.88%, 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 $26,030 in Deeth, the typical annual property tax bill is $233, which is significantly below the national median of $2,690. Property taxes in Deeth are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Deeth’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 Deeth 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
Deeth, Elko County, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$229
$213
Ownwell’s Deeth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deeth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deeth 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 Elko County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Deeth, Elko County, Nevada
Property taxes in Deeth, Nevada, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Deeth is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Deeth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deeth 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 Deeth's effective property tax rate to other areas in Nevada and the national median. For comparison, the 89823 zip code has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these areas compare with Deeth 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 Deeth Tax Rate
0.88%
Average Elko County Tax Rate
0.92%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deeth, Elko County, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89823 | 0.81% | 0.83% | 0.88% | 0.90% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Deeth, Elko County, Nevada
In Deeth, 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 Deeth, 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 Deeth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Deeth is $26,030, with the highest and lowest median tax bills both recorded at $233 in the 89823 zip code.
Property Tax Assessment Values Across Deeth, Elko County, Nevada
Source: Ownwell
$19,289
$149,313
$279,337
Average Deeth Assessed Value
$26,030
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 Deeth, Elko County, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89823 | $6,223 | $9,520 | $26,030 | $48,513 | $155,032 |
Source: Ownwell
Property Tax Bills Across Deeth, Elko County, Nevada
In Deeth, NV, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is a percentage of the property's market value, determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, in Elko County, the median home price is $26,030. Homeowners in the 25th percentile pay around $88 annually, while those in the 75th percentile pay approximately $411. The tax burden can vary significantly, with the 90th percentile seeing tax bills as high as $1,352. These property taxes fund essential local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Deeth's rates can be relatively low, providing some financial relief to homeowners. However, the impact on homeowners varies widely depending on the property's assessed value and the local tax rate, influencing their overall financial planning and housing affordability.
Average Deeth Tax Bill
$233
Average Elko County Tax Bill
$1,397
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Deeth, Elko County, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89823 | $47 | $88 | $233 | $411 | $1,352 |
Source: Ownwell