Tuscarora, Nevada Property Taxes
The median property tax rate in Tuscarora, NV, is 0.83%, slightly higher than the Nevada state median of 0.80% but lower than the national median of 0.99%. With the median home value in Tuscarora at $46,155, the typical annual property tax bill is $355, significantly below the national median of $2,690. Property taxes in Tuscarora are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Tuscarora'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 Tuscarora or another part of Elko County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tuscarora, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$383
Ownwell’s Tuscarora Property Tax Bill Calculator aids homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Tuscarora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tuscarora 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 Tuscarora, Nevada
Property taxes in Tuscarora, Nevada, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tuscarora is 0.83%, lower than the U.S. national median of 0.99%. Local government entities within Tuscarora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tuscarora 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 Tuscarora's effective property tax rate to other counties in Nevada and the national median. For comparison, the zip code 89834 has the highest median property tax rate of 0.83%, while also having the lowest median tax rate of 0.83%. Understanding how these cities compare with Tuscarora 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 Tuscarora Tax Rate
0.83%
Average Elko County Tax Rate
0.92%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tuscarora, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89834 | 0.65% | 0.79% | 0.83% | 0.87% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Tuscarora, Nevada
In Tuscarora, 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's Office 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 Tuscarora, 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 Tuscarora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 89834 has the highest and lowest median tax bill at $355.
Average Tuscarora Assessed Value
$46,155
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 Tuscarora, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89834 | $3,958 | $18,072 | $46,155 | $222,197 | $942,953 |
Source: Ownwell
Property Tax Bills Across Tuscarora, Nevada
In Tuscarora, property tax bills are calculated based on the assessed value of a home, which is determined by the Elko County Assessor's Office. The assessed value is a percentage of the property's market value. Homeowners in Tuscarora can expect varying property tax bills depending on the value of their property. For instance, the 25th percentile of tax bills is around $141, while the 75th percentile reaches up to $1,714. Several factors play a role in determining the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. These factors combined affect the amount homeowners need to pay annually. Compared to the national median property tax rate of 0.99%, the property taxes in Tuscarora can be seen as relatively moderate. However, for properties in the 90th percentile, tax bills can climb as high as $9,151, significantly impacting high-value property owners. Understanding these elements is crucial for homeowners to manage their property tax obligations effectively.
Average Tuscarora Tax Bill
$355
Average Elko County Tax Bill
$1,397
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Tuscarora, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89834 | $31 | $141 | $355 | $1,714 | $9,151 |
Source: Ownwell