Winnemucca, Nevada Property Taxes
The median property tax rate in Winnemucca, NV is 1.04%, slightly higher than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Winnemucca at $107,267, the typical annual property tax bill reaches $1,015, which is below the national median of $2,690. Property taxes in Winnemucca are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Winnemucca'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 Winnemucca 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
Winnemucca, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,116
Ownwell’s Winnemucca Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winnemucca with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winnemucca 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 Winnemucca, Nevada
Property taxes in Winnemucca, Nevada, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Winnemucca is 1.04%, slightly higher than the U.S. national median of 0.99%. Local government entities within Winnemucca set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winnemucca 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 Winnemucca's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89445 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these figures compare with Winnemucca 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 Winnemucca Tax Rate
1.04%
Average Humboldt County Tax Rate
1.03%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winnemucca, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89445 | 0.76% | 0.81% | 1.04% | 1.15% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Winnemucca, Nevada
In Winnemucca, 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 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 Winnemucca, 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 Winnemucca helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Winnemucca is $107,267, with the highest and lowest median tax bills being $1,016 in the 89445 zip code.
Average Winnemucca Assessed Value
$107,267
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 Winnemucca, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89445 | $28,805 | $56,571 | $107,426 | $184,994 | $290,814 |
Source: Ownwell
Property Tax Bills Across Winnemucca, Nevada
In Winnemucca, located in Humboldt County, NV, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The tax rate is applied to this assessed value to determine the annual property tax bill. Various factors, including property size, location, and market conditions, influence the assessed value. Homeowners in Winnemucca can expect to pay a property tax bill that ranges significantly, reflecting the diverse property values in the area. For example, the 25th percentile tax bill is around $624, while the 75th percentile tax bill reaches $1,716. The 90th percentile tax bill can go up to $2,746. The highest and lowest median tax bills in the area are both $1,016, indicating a relatively uniform tax rate across different properties. Compared to the national median property tax rate of 0.99%, Winnemucca's property tax rates can be seen as relatively moderate, providing a balanced fiscal environment for homeowners. This structure ensures that property taxes are fairly distributed, helping fund essential local services and infrastructure.
Average Winnemucca Tax Bill
$1,015
Average Humboldt County Tax Bill
$979
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Winnemucca, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89445 | $344 | $627 | $1,016 | $1,716 | $2,748 |
Source: Ownwell