Mineral County Property Taxes
The median property tax rate in Mineral County is 1.46%, which is significantly higher than both the national median of 0.99% and Nevada's state median of 0.80%. With the median home value in Mineral County, the typical annual property tax bill reaches $750, which is below the national median of $2,690. Property taxes in Mineral County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Mineral 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 Hawthorne or another part of Mineral County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mineral County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$767
$712
Ownwell’s Mineral County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Mineral County with just 2 data points. Enter your property's estimated assessed value, our calculator applies the median tax rate in Mineral 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 Mineral County, Nevada
Property taxes in Mineral County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Mineral County is 1.46%, which is higher than the U.S. national median of 0.99%. Local government entities within Mineral County set these rates annually, and they can vary significantly between different areas within the county. Each year, Mineral 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 Mineral County's effective property tax rate with other areas and the national median. For comparison, the city of Luning has one of the higher property tax rates in Nevada at 2.08%, while the city of Schurz boasts one of the lowest at 1.28%. Analyzing how Mineral County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Mineral County Tax Rate
1.46%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mineral County, Nevada
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Hawthorne | 1.18% | 1.31% | 1.44% | 1.59% | 2.10% |
| Luning | 1.09% | 1.48% | 2.08% | 2.81% | 3.83% |
| Mina | 1.18% | 1.37% | 1.77% | 2.69% | 3.53% |
| Schurz | 0.87% | 1.00% | 1.28% | 1.59% | 2.06% |
| Walker Lake | 1.09% | 1.29% | 1.47% | 1.82% | 2.48% |
Source: Ownwell
Property Tax Assessment Values Across Mineral County, Nevada
In Mineral County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Mineral 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 Mineral 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. For example, Walker Lake has the highest median tax bill in the county at $849, while Mina has the lowest at $354. Being aware of these valuation processes in Mineral County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Mineral County Assessed Value
$52,540
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mineral County, Nevada
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Hawthorne | $17,874 | $31,275 | $56,036 | $78,608 | $111,707 |
| Luning | $5,291 | $7,359 | $15,314 | $29,178 | $46,137 |
| Mina | $6,012 | $8,668 | $17,863 | $33,942 | $50,551 |
| Schurz | $12,267 | $35,316 | $63,018 | $76,191 | $126,096 |
| Walker Lake | $17,241 | $27,390 | $58,130 | $104,193 | $156,786 |
Source: Ownwell
Property Tax Bills Across Mineral County, Nevada
In Mineral County, NV, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence the tax bill, including the property's location, size, and any applicable exemptions. For instance, properties in Walker Lake have the highest median tax bill at $849, while those in Mina have the lowest at $354. Homeowners in Mineral County typically see tax bills ranging from $454 at the 25th percentile to $1,473 at the 90th percentile. These amounts are influenced by the county's tax rate and the assessed value of their homes. Compared to the national median property tax rate of 0.99%, Mineral County's rates can present a relatively manageable burden for homeowners, depending on their property's assessed value and location. Understanding these factors can help homeowners anticipate their annual tax obligations and plan accordingly.
Average Mineral County Tax Bill
$750
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690