Crystal, Nevada Property Taxes
The median property tax rate in Crystal, NV is 1.14%, considerably higher than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Crystal, the typical annual property tax bill reaches $438, which is significantly lower than the national median of $2,690. Property taxes in Crystal 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 Crystal'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 Crystal or another part of Nye County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crystal, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$478
$443
Ownwell’s Crystal Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crystal with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crystal 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 Crystal, Nevada
Property taxes in Crystal, Nevada, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crystal is 1.14%, higher than both the Nevada state median and the U.S. national median of 0.99%. Local government entities within Crystal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crystal 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 Crystal's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89060 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Crystal 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 Crystal Tax Rate
1.14%
Average Nye County Tax Rate
0.90%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crystal, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89060 | 0.86% | 1.06% | 1.14% | 1.26% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Crystal, Nevada
In Crystal, 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 Assessor's Office 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 Crystal, 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 Crystal helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 89060 has the highest and lowest median tax bills, both at $438.
Average Crystal Assessed Value
$41,898
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 Crystal, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89060 | $12,204 | $18,459 | $41,898 | $79,532 | $129,172 |
Source: Ownwell
Property Tax Bills Across Crystal, Nevada
In Crystal, NV, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Crystal is $41,898. Property taxes are influenced by various factors, including local tax rates and property assessments. The tax rate in Crystal is relatively low compared to the national median property tax rate of 0.99%. Homeowners in Crystal can expect their tax bills to vary significantly. For instance, those in the 25th percentile have tax bills around $245, while those in the 75th percentile face bills of about $836. At the 90th percentile, tax bills can reach up to $1,378. The highest median tax bill recorded is $438, which is consistent across the 89060 zip code. These variations in tax bills can impact homeowners differently, influencing their annual financial planning and overall cost of homeownership. Understanding how these factors come together helps homeowners anticipate their property tax obligations more accurately.
Average Crystal Tax Bill
$438
Average Nye County Tax Bill
$1,034
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Crystal, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89060 | $167 | $245 | $438 | $836 | $1,378 |
Source: Ownwell