Mina, Nevada Property Taxes
The median property tax rate in Mina, NV is 1.77%, considerably higher than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Mina, the typical annual property tax bill reaches $354, which, while lower in dollar amount, reflects a significant tax rate given the local property values. Property taxes in Mina are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mina'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 Mina or another part of Mineral County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mina, Nevada Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,600
Ownwell’s MINA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MINA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MINA 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 Mina, Nevada
Property taxes in Mina, Nevada, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mina is 1.77%, significantly higher than both the Nevada state median and the U.S. national median of 0.99%. Local government entities within Mina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mina 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 Mina's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89422 zip code has the highest median property tax rate of 1.77%, while the same zip code also has the lowest median tax rate of 1.77%. Understanding how these cities compare with Mina 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 Mina Tax Rate
1.77%
Average Mineral County Tax Rate
1.46%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mina, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89422 | 1.18% | 1.37% | 1.77% | 2.69% | 3.53% |
Source: Ownwell
Property Tax Assessment Values Across Mina, Nevada
In Mina, 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 Appraisal District 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 Mina, 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 Mina helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $354 in the 89422 zip code, while the lowest is also $354 in the same zip code.
Average Mina Assessed Value
$17,863
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 Mina, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89422 | $6,012 | $8,668 | $17,863 | $33,942 | $50,551 |
Source: Ownwell
Property Tax Bills Across Mina, Nevada
In Mina, located in Mineral County, NV, property tax bills are calculated based on the assessed value of the property and the tax rate set by local authorities. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Homeowners in Mina face a median property tax bill of $354, which is significantly lower than the national median of 0.99%. Several factors influence the tax bill, including property size, location, and any applicable exemptions. The tax bill can vary widely, with the 25th percentile at $228 and the 75th percentile at $562. Even at the 90th percentile, the tax bill is $742, which is still relatively affordable compared to many other regions. For homeowners, these property taxes fund essential local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated helps homeowners anticipate their financial obligations and budget accordingly.
Average Mina Tax Bill
$354
Average Mineral County Tax Bill
$750
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Mina, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89422 | $108 | $228 | $354 | $562 | $742 |
Source: Ownwell