Lyon County, Nevada Property Taxes
The median property tax rate in Lyon County is 0.69%, which is significantly lower than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Lyon County at $272,527, the typical annual property tax bill is $1,773, well below the national median of $2,690. Property taxes in Lyon County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Lyon County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Fernley or another part of Lyon County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lyon County, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,880
$1,745
Ownwell’s Lyon County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lyon County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lyon County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Lyon County, Nevada
Property taxes in Lyon County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lyon County is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Lyon County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lyon County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Lyon County's effective property tax rate with other counties in Nevada and the national median. For comparison, the city of Silver City has one of the higher property tax rates in Nevada at 1.04%, while the city of Carson City boasts one of the lowest at 0.60%. Analyzing how Lyon County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lyon County Tax Rate
0.69%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lyon County, Nevada
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carson City | 0.43% | 0.47% | 0.60% | 0.69% | 0.87% |
| Dayton | 0.45% | 0.52% | 0.62% | 0.77% | 1.04% |
| Fernley | 0.59% | 0.63% | 0.70% | 0.82% | 1.17% |
| Mound House | 0.27% | 0.29% | 0.34% | 0.51% | 0.67% |
| Silver City | 0.89% | 0.95% | 1.04% | 1.12% | 1.17% |
| Silver Springs | 0.55% | 0.61% | 0.71% | 0.84% | 1.04% |
| Smith | 0.76% | 0.81% | 0.91% | 1.08% | 1.27% |
| Stagecoach | 0.35% | 0.41% | 0.83% | 1.14% | 1.20% |
| Wellington | 0.65% | 0.77% | 0.91% | 1.06% | 1.17% |
| Yerington | 0.54% | 0.66% | 0.84% | 1.05% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Lyon County, Nevada
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Lyon County. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, taking into account location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lyon County Appraisal District. The assessed value, however, 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. Assessment notices in Lyon County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Lyon County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Smith has the highest median tax bill at $3,268, while Stagecoach has the lowest at $419.
Average Lyon County Assessed Value
$272,527
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lyon County, Nevada
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carson City | $112,631 | $313,102 | $388,558 | $432,680 | $495,570 |
| Dayton | $213,259 | $279,832 | $335,052 | $414,568 | $475,373 |
| Fernley | $205,933 | $251,614 | $296,677 | $347,400 | $400,950 |
| Mound House | $104,349 | $216,336 | $227,781 | $247,156 | $349,735 |
| Silver City | $23,759 | $41,630 | $65,057 | $120,380 | $169,241 |
| Silver Springs | $41,733 | $62,299 | $108,884 | $162,906 | $215,272 |
| Smith | $85,005 | $173,575 | $341,434 | $448,290 | $525,261 |
| Stagecoach | $15,933 | $34,166 | $46,535 | $60,306 | $155,313 |
| Wellington | $125,617 | $213,326 | $318,782 | $424,090 | $515,176 |
| Yerington | $52,583 | $102,662 | $148,218 | $209,013 | $275,954 |
Source: Ownwell
Property Tax Bills Across Lyon County, Nevada
In Lyon 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 median home price in the county is $272,527. Property taxes are then determined by applying the local tax rate to this assessed value. Several factors influence the final tax bill, including the property's location and any applicable exemptions. For instance, the 25th percentile of tax bills in Lyon County is $1,083, while the 75th percentile reaches $2,560. At the 90th percentile, homeowners might pay as much as $3,865 annually. These figures indicate a range of tax burdens, reflecting differences in property values and specific local tax rates. In Smith, the highest median tax bill is $3,268, contrasting sharply with Stagecoach, where the lowest median tax bill is $419. These variances significantly impact homeowners, influencing their overall financial obligations and potentially affecting decisions related to property ownership and investment.
Average Lyon County Tax Bill
$1,773
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Lyon County, Nevada
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carson City | $899 | $1,642 | $2,164 | $2,696 | $3,659 |
| Dayton | $1,077 | $1,448 | $2,049 | $3,150 | $4,201 |
| Fernley | $1,334 | $1,673 | $2,048 | $2,685 | $3,966 |
| Mound House | $552 | $630 | $732 | $1,072 | $1,873 |
| Silver City | $219 | $407 | $725 | $1,273 | $1,750 |
| Silver Springs | $286 | $448 | $746 | $1,185 | $1,856 |
| Smith | $756 | $1,581 | $3,268 | $4,181 | $5,639 |
| Stagecoach | $113 | $140 | $419 | $578 | $1,273 |
| Wellington | $1,011 | $1,815 | $2,910 | $4,012 | $5,292 |
| Yerington | $392 | $697 | $1,121 | $1,843 | $2,837 |
Source: Ownwell