Schurz, Nevada Property Taxes
The median property tax rate in Schurz, NV is 1.28%, considerably higher than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Schurz at $63,018, the typical annual property tax bill reaches $742, which is significantly lower than the national median of $2,690. Property taxes in Schurz 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 Schurz'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 Schurz 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
Schurz, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$807
Ownwell’s Schurz Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Schurz with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Schurz 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 Schurz, Nevada
Property taxes in Schurz, Nevada, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Schurz is 1.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within Schurz set these rates annually, and they can vary significantly across different neighborhoods. Each year, Schurz 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 Schurz's effective property tax rate to other areas in Mineral County and the national median. For comparison, the 89427 zip code has both the highest and lowest median property tax rate of 1.28%. Understanding how these areas compare with Schurz 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 Schurz Tax Rate
1.28%
Average Mineral County Tax Rate
1.46%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Schurz, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89427 | 0.87% | 1.00% | 1.28% | 1.59% | 2.06% |
Source: Ownwell
Property Tax Assessment Values Across Schurz, Nevada
In Schurz, 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 Schurz, 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 Schurz helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Schurz is $63,018, with annual property tax bills ranging from $502 at the 25th percentile to $1,390 at the 90th percentile. The zip code 89427 has the highest and lowest median tax bill of $742.
Average Schurz Assessed Value
$63,018
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 Schurz, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89427 | $12,267 | $35,316 | $63,018 | $76,191 | $126,096 |
Source: Ownwell
Property Tax Bills Across Schurz, Nevada
In Schurz, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $63,018, the tax bill varies significantly. Homeowners in the 25th percentile pay around $502, while those in the 75th percentile pay approximately $913. The top 10% of tax bills can reach up to $1,390. Several factors influence these tax bills, including property size, location, and any improvements made to the property. Compared to the national median property tax rate of 0.99%, Schurz's rates reflect the specific economic conditions and public service needs of Mineral County. These tax bills directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby affecting the overall quality of life in the community.
Average Schurz Tax Bill
$742
Average Mineral County Tax Bill
$750
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Schurz, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89427 | $224 | $502 | $742 | $913 | $1,390 |
Source: Ownwell