Hawthorne, Nevada Property Taxes
The median property tax rate in Hawthorne, NV is 1.44%, considerably higher than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Hawthorne at $56,036, the typical annual property tax bill reaches $795, which is still below the national median of $2,690. Property taxes in Hawthorne are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Hawthorne'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 Hawthorne 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
Hawthorne, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$807
Ownwell’s Hawthorne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hawthorne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hawthorne 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 Hawthorne, Nevada
Property taxes in Hawthorne, Nevada, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hawthorne is 1.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hawthorne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hawthorne 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 Hawthorne's effective property tax rate to other regions in Nevada and the national median. For comparison, the 89415 zip code has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these rates compare with Hawthorne provides valuable insights into the varying tax landscape across Mineral County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hawthorne Tax Rate
1.44%
Average Mineral County Tax Rate
1.46%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hawthorne, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89415 | 1.18% | 1.31% | 1.44% | 1.59% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across Hawthorne, Nevada
In Hawthorne, 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 Mineral 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 Hawthorne, 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 Hawthorne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hawthorne is $56,036, with the highest and lowest median tax bills both being $795 in the 89415 zip code.
Average Hawthorne Assessed Value
$56,036
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 Hawthorne, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89415 | $17,874 | $31,275 | $56,036 | $78,608 | $111,707 |
Source: Ownwell
Property Tax Bills Across Hawthorne, Nevada
In Hawthorne, located in Mineral County, NV, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and typically represents a percentage of the market value of the home. For instance, with a median home price of $56,036, homeowners can expect their tax bills to vary significantly. Several factors influence the final tax bill, including the property's location within the city, applicable tax rates, and any exemptions or deductions for which the homeowner qualifies. In Hawthorne, the tax bills range from the 25th percentile at $514 to the 90th percentile at $1,472, with a median tax bill of $795. This variability means that while some homeowners might pay relatively low property taxes, others could face significantly higher bills depending on their property's assessed value and specific circumstances. These property taxes are crucial as they fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Hawthorne Tax Bill
$795
Average Mineral County Tax Bill
$750
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Hawthorne, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89415 | $273 | $514 | $795 | $1,089 | $1,472 |
Source: Ownwell