Amargosa Valley, Nevada Property Taxes
The median property tax rate in Amargosa Valley, NV is 1.28%, higher than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Amargosa Valley, the typical annual property tax bill reaches $497, which is significantly lower than the national median of $2,690. Property taxes in Amargosa Valley 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 Amargosa Valley'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 Amargosa Valley 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
Amargosa Valley, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$513
Ownwell’s Amargosa Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Amargosa Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amargosa Valley 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 Amargosa Valley, Nevada
Property taxes in Amargosa Valley, Nevada, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Amargosa Valley is 1.28%, significantly higher than both the Nevada state median and the U.S. national median of 0.99%. Local government entities within Amargosa Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amargosa Valley 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 Amargosa Valley's effective property tax rate to other counties in Nevada and the national median. For comparison, the zip code 89020 has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Amargosa Valley provides valuable insights into the varying tax landscape across Nye County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amargosa Valley Tax Rate
1.28%
Average Nye County Tax Rate
0.90%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amargosa Valley, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89020 | 1.06% | 1.19% | 1.28% | 1.39% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Amargosa Valley, Nevada
In Amargosa Valley, 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 Nye 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 Amargosa Valley, 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 Amargosa Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Nye County, the median home price is $40,045, with the 25th percentile tax bill at $281 and the 75th percentile at $1,034. The highest and lowest median tax bill in the area is $497 in the 89020 zip code.
Average Amargosa Valley Assessed Value
$40,045
Average Nye County Assessed Value
$128,622
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amargosa Valley, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89020 | $11,411 | $21,953 | $40,045 | $83,517 | $163,377 |
Source: Ownwell
Property Tax Bills Across Amargosa Valley, Nevada
In Amargosa Valley, located in Nye County, NV, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Amargosa Valley see a range of tax bills. For instance, the 25th percentile tax bill is $281, while the 75th percentile reaches $1,034, and the 90th percentile can be as high as $1,856. The median home price in the area is $40,045, which can provide context for these figures. Comparatively, the highest and lowest median tax bills in the region are both $497, indicating a level of consistency. Understanding these factors helps homeowners anticipate their property tax obligations and budget accordingly, ensuring they are prepared for these annual expenses.
Average Amargosa Valley Tax Bill
$497
Average Nye County Tax Bill
$1,034
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Amargosa Valley, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89020 | $158 | $281 | $497 | $1,034 | $1,856 |
Source: Ownwell