Goldfield, Nevada Property Taxes
The median property tax rate in Goldfield, NV is 1.92%, significantly surpassing both the national median of 0.99% and Nevada's state median of 0.80%. With a median home value of $17,311, the typical annual property tax bill in Goldfield amounts to $338, which is notably lower than the national median of $2,690. Property taxes in Goldfield are determined based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Goldfield's property tax system, exploring potential exemptions, and identifying opportunities for reductions can result in considerable annual savings. Whether you're residing in Goldfield or investing in property there, familiarizing yourself with the local property tax regulations will be advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Goldfield, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.92%
Estimate Property Tax Bill
$332
Ownwell’s Goldfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goldfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goldfield 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 Goldfield, Nevada
Property taxes in Goldfield, Nevada, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Goldfield is 0.63%, significantly lower than both the Nevada state median of 0.53% and the U.S. national median of 0.99%. Local government entities within Goldfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goldfield 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 Goldfield's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89013 zip code has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Goldfield provides valuable insights into the varying tax landscape across Esmeralda County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Goldfield Tax Rate
1.92%
Average Esmeralda County Tax Rate
1.42%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goldfield, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89013 | 1.23% | 1.41% | 1.92% | 2.69% | 4.05% |
Source: Ownwell
Property Tax Assessment Values Across Goldfield, Nevada
In Goldfield, 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 Esmeralda 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 Goldfield, 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 Goldfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 89013, both valued at $338.
Average Goldfield Assessed Value
$17,311
Average Esmeralda County Assessed Value
$26,637
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goldfield, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89013 | $5,904 | $10,357 | $17,311 | $34,998 | $58,817 |
Source: Ownwell
Property Tax Bills Across Goldfield, Nevada
In Goldfield, Esmeralda County, NV, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Factors such as property location, improvements, and market trends can influence the assessed value. For homeowners in Goldfield, the median home price stands at $17,311. Property tax bills in the area range from the 25th percentile at $257 to the 75th percentile at $554, with the 90th percentile reaching up to $824. The highest and lowest median tax bills in the region are both $338, located in the 89013 zip code. Compared to the national median property tax rate of 0.99%, Goldfield's property tax bills are relatively modest. This can significantly affect homeowners by keeping their annual costs lower, potentially making homeownership more affordable in this region.
Average Goldfield Tax Bill
$338
Average Esmeralda County Tax Bill
$386
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Goldfield, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89013 | $187 | $257 | $338 | $554 | $824 |
Source: Ownwell