Fernley, Lyon County, Nevada Property Taxes

Name: Property Tax Bills Across Fernley, Lyon County, Nevada
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Fernley, NV effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, but lower than the Nevada state median of 0.80%.
Median Fernley, NV home value: $296,677
Median annual Fernley, NV tax bill: $2,048, $352 lower than the national median property tax bill of $2,400.

How are property taxes in Lyon County calculated?

Property taxes in Fernley, NV are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Fernley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fernley, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fernley, Lyon County, Nevada Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.7%

Estimate Property Tax Bill

$2,077

$1,927

Ownwell’s Fernley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fernley with just two data points. By entering your property's estimated assessed value, our calculator applies Fernley’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lyon County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fernley, Lyon County, Nevada

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Fernley in Lyon County, NV, presents an interesting case in the landscape of property taxes. With an effective property tax rate of 0.70%, it aligns with the highest and lowest rates within its zip code, 89408. This rate is significantly below the national median property tax rate of 1.02%. Such a competitive rate could be a compelling factor for property owners considering relocation or investment in Fernley. Comparing this to the national median property tax bill of $2400, Fernley offers a more affordable property tax environment, making it an attractive option for those seeking savings in property-related expenses. Understanding these dynamics can empower property owners to make informed decisions about their investments and financial planning.

Property Tax Rates Across Fernley, Lyon County, Nevada

Source: Ownwell

0.34%

0.69%

1.04%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Fernley Tax Rate

0.70%

Median Effective Lyon County Tax Rate

0.69%

Median Effective Nevada Tax Rate

0.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fernley, Lyon County, Nevada

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
89408	0.59%	0.63%	0.70%	0.82%	1.17%

Source: Ownwell

Property Tax Assessment Values Across Fernley, Lyon County, Nevada

When examining property taxes in Fernley, NV, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lyon County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Lyon County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Fernley.

For example, the median home price in Fernley is $296,677, with tax bills ranging significantly across the county. Zip code 89408 has the highest median home price at $296,677.

Property Tax Assessment Values Across Fernley, Lyon County, Nevada

Source: Ownwell

$46,535

$217,547

$388,558

Median Fernley Market Value

$296,677

Median Lyon County Market Value

$272,527

Median Nevada Market Value

$225,374

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fernley, Lyon County, Nevada

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
89408	$205,933	$251,614	$296,677	$347,400	$400,950

Source: Ownwell

Property Tax Bills Across Fernley, Lyon County, Nevada

In Fernley, located in Lyon County, NV, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Fernley is $296,677, and the tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as location, property size, and improvements can influence the assessed value, impacting the overall tax bill. The median property tax bill in Fernley is $2,048, which is slightly below the national median of $2,400. However, tax bills can range significantly, with the 25th percentile at $1,673 and the 90th percentile reaching $3,966. Homeowners in Fernley may find these taxes burdensome, especially when bills are on the higher end of the spectrum. Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expert knowledge of local tax codes and valuation methods, Ownwell helps ensure homeowners are not overpaying, potentially reducing their annual property tax expenses.

Property Tax Bills Across Fernley, Lyon County, Nevada

Source: Ownwell

$419

$1,844

$3,268

Median Fernley Tax Bill

$2,048

Median Lyon County Tax Bill

$1,773

Median Nevada Tax Bill

$1,782

Median United States Tax Bill

$2,400

Property Tax Bills Across Fernley, Lyon County, Nevada

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
89408	$1,334	$1,673	$2,048	$2,685	$3,966

Source: Ownwell