Orovada, Nevada Property Taxes
The median property tax rate in Orovada, NV is 0.93%, slightly below the national median of 0.99% but above the Nevada state median of 0.80%. With the median home value in Orovada at $80,832, the typical annual property tax bill is $845, which is significantly lower than the national median of $2,690. Property taxes in Orovada are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Orovada's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Orovada or elsewhere in Humboldt County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Orovada, Nevada Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,600
Ownwell’s Orovada Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orovada with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orovada 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 Orovada, Nevada
Property taxes in Orovada, Nevada, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orovada is 0.93%, slightly lower than the U.S. national median of 0.99%. Local government entities within Orovada set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orovada 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 Orovada's effective property tax rate to other areas in Nevada and the national median. For comparison, the zip code 89425 has both the highest and the lowest median property tax rate of 0.93%. Understanding how these areas compare with Orovada provides valuable insights into the varying tax landscape across Humboldt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Orovada Tax Rate
0.93%
Average Humboldt County Tax Rate
1.03%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orovada, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89425 | 0.78% | 0.82% | 0.93% | 1.20% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Orovada, Nevada
In Orovada, 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 Humboldt 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 Orovada, 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 instance, the median home price in Orovada is $80,832, with tax bills ranging from $384 at the 25th percentile to $1,654 at the 75th percentile, and $2,414 at the 90th percentile. Notably, the highest and lowest median tax bills are both $845 in the 89425 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Orovada Assessed Value
$80,832
Average Humboldt County Assessed Value
$102,071
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Orovada, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89425 | $17,418 | $30,436 | $80,832 | $168,675 | $297,080 |
Source: Ownwell
Property Tax Bills Across Orovada, Nevada
In Orovada, Humboldt County, NV, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Orovada is $80,832. Property taxes are calculated by multiplying the assessed value by the local tax rate. For instance, the median property tax bill in Orovada is $845.00, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions or deductions. Homeowners in Orovada can expect their tax bills to fall within a range, with the 25th percentile at $384 and the 75th percentile at $1,654. At the 90th percentile, tax bills can go up to $2,414. Understanding these factors can help homeowners better anticipate their annual tax obligations and manage their finances accordingly.
Average Orovada Tax Bill
$845
Average Humboldt County Tax Bill
$979
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Orovada, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89425 | $221 | $384 | $845 | $1,654 | $2,414 |
Source: Ownwell