Pahrump, Nevada Property Taxes
The median property tax rate in Pahrump, NV is 0.85%, which is lower than the national median of 0.99% but slightly higher than the Nevada state median of 0.80%. With the median home value in Pahrump being $147,609, the typical annual property tax bill is $1,152, significantly below the national median of $2,690. Property taxes in Pahrump are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Pahrump's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pahrump or another part of Nye County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pahrump, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$1,255
$1,164
Ownwell’s Pahrump Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pahrump with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pahrump 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 Pahrump, Nevada
Property taxes in Pahrump, Nevada, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pahrump is 0.85%, slightly lower than the U.S. national median of 0.99%. Local government entities within Pahrump set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pahrump 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 Pahrump's effective property tax rate to other areas in Nye County and the national median. For comparison, the 89041 zip code has the highest median property tax rate of 1.07%, while the 89048 zip code has the lowest median tax rate of 0.85%. Understanding how these areas compare with Pahrump 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 Pahrump Tax Rate
0.85%
Average Nye County Tax Rate
0.90%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pahrump, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89041 | 0.88% | 0.99% | 1.07% | 1.23% | 1.25% |
| 89048 | 0.68% | 0.76% | 0.85% | 1.04% | 1.22% |
| 89060 | 0.66% | 0.72% | 0.85% | 1.13% | 1.28% |
| 89061 | 0.69% | 0.75% | 0.90% | 1.12% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Pahrump, Nevada
In Pahrump, 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 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 Pahrump, 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 Pahrump helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 89061 at $1,834, while the lowest is 89041 at $535.
Average Pahrump Assessed Value
$147,609
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 Pahrump, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89041 | $25,012 | $29,533 | $53,307 | $60,679 | $100,735 |
| 89048 | $32,421 | $81,981 | $143,947 | $220,209 | $299,561 |
| 89060 | $26,505 | $46,514 | $111,992 | $174,736 | $243,975 |
| 89061 | $52,277 | $142,972 | $216,729 | $271,676 | $337,824 |
Source: Ownwell
Property Tax Bills Across Pahrump, Nevada
In Pahrump, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Pahrump is $147,609. Local tax authorities multiply this assessed value by the tax rate to determine the annual tax bill. Factors such as property location, improvements, and exemptions can influence the final amount. In Nye County, the 25th percentile tax bill is $658, while the 75th percentile tax bill is $1,861. For those in the 90th percentile, tax bills can reach up to $2,766. The highest median tax bill in the area is $1,834 in zip code 89061, whereas the lowest is $535 in zip code 89041. These property taxes significantly impact homeowners by contributing to local services like schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Pahrump’s tax rates can vary widely, reflecting the diverse range of property values and local tax policies in the area.
Average Pahrump Tax Bill
$1,152
Average Nye County Tax Bill
$1,034
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Pahrump, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89041 | $309 | $349 | $535 | $600 | $679 |
| 89048 | $332 | $678 | $1,149 | $1,788 | $2,619 |
| 89060 | $284 | $441 | $877 | $1,326 | $1,880 |
| 89061 | $491 | $1,070 | $1,834 | $2,654 | $3,339 |
Source: Ownwell