Winnemucca, Nevada Property Taxes
The median property tax rate in Winnemucca, 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 Winnemucca, the typical annual property tax bill reaches $837, which is below the national median of $2,690. Property taxes in Winnemucca are calculated based on the assessed value, which typically falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Winnemucca'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 Winnemucca 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
Winnemucca, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$876
Ownwell’s Winnemucca Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winnemucca with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winnemucca 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 Winnemucca, Nevada
Property taxes in Winnemucca, Nevada, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winnemucca is 1.14%, significantly higher than both the Nevada state median and the U.S. national median of 0.99%. Local government entities within Winnemucca set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winnemucca 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 Winnemucca's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89445 zip code has both the highest and lowest median property tax rate of 1.14%. Understanding how these cities compare with Winnemucca provides valuable insights into the varying tax landscape across Pershing County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winnemucca Tax Rate
1.14%
Average Pershing County Tax Rate
1.11%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winnemucca, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89445 | 0.83% | 1.03% | 1.14% | 1.30% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Winnemucca, Nevada
In Winnemucca, 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 Pershing 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 Winnemucca, 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. The median home price in Winnemucca is $76,825, with tax bills ranging from $481 at the 25th percentile to $2,084 at the 90th percentile. Being aware of these valuation processes in Winnemucca helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Winnemucca Assessed Value
$76,825
Average Pershing County Assessed Value
$15,347
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winnemucca, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89445 | $23,716 | $35,438 | $76,825 | $130,046 | $192,295 |
Source: Ownwell
Property Tax Bills Across Winnemucca, Nevada
In Winnemucca, located in Pershing County, NV, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Winnemucca is $76,825. Homeowners in this area can expect their tax bills to vary significantly based on their property's assessed value and applicable tax rates. For example, the tax bill at the 25th percentile is $481, while at the 75th percentile, it rises to $1,417, and at the 90th percentile, it reaches $2,084. These figures illustrate the range of property tax burdens homeowners might face. Compared to the national median property tax rate of 0.99%, Winnemucca's property taxes reflect the specific economic and governmental factors of the region. For homeowners, understanding these factors is crucial, as property taxes can significantly impact annual housing costs. The highest and lowest median tax bills in the area are both $837, indicating a relatively consistent tax burden across different properties within the same zip code, 89445.
Average Winnemucca Tax Bill
$837
Average Pershing County Tax Bill
$172
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Winnemucca, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89445 | $256 | $481 | $837 | $1,417 | $2,084 |
Source: Ownwell