Dayton, Nevada Property Taxes
The median property tax rate in Dayton, NV is 0.76%, which is notably lower than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Dayton at $142,700, the typical annual property tax bill amounts to $1,004, significantly below the national median of $2,690. Property taxes in Dayton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dayton'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 Dayton 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
Dayton, Nevada Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,600
Ownwell’s Dayton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dayton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dayton 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 Dayton, Nevada
Property taxes in Dayton, Nevada, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Dayton is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Dayton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dayton 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 Dayton's effective property tax rate to other areas in Nevada and the national median. For comparison, 89403 has the highest median property tax rate of 0.76%, while 89403 also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Dayton provides valuable insights into the varying tax landscape across Storey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dayton Tax Rate
0.76%
Average Storey County Tax Rate
0.98%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dayton, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89403 | 0.58% | 0.63% | 0.76% | 0.95% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Dayton, Nevada
In Dayton, 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 Storey 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 Dayton, 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 Dayton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in Dayton is $1,004, with zip code 89403 having both the highest and lowest median tax bills.
Average Dayton Assessed Value
$142,700
Average Storey County Assessed Value
$161,718
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dayton, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89403 | $69,309 | $110,620 | $142,700 | $180,047 | $225,903 |
Source: Ownwell
Property Tax Bills Across Dayton, Nevada
In Dayton, NV, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the property's market value. For instance, with a median home price of $142,700, homeowners can expect their tax bill to be influenced by this valuation. The tax rate in this region aligns closely with the national median property tax rate of 0.99%. Key factors that determine the tax bill include property location, assessed value, and applicable exemptions. In Dayton, the tax bill can vary significantly, with the 25th percentile at $766 and the 75th percentile at $1,410. At the 90th percentile, homeowners might see tax bills as high as $2,018. This variation highlights the importance of accurate property assessments and potential exemptions that can lower the tax burden. Homeowners in Dayton should be aware of these factors as they can significantly impact annual expenses. Understanding how property taxes are calculated helps homeowners plan their finances more effectively and potentially seek appeals or exemptions to reduce their tax liability.
Average Dayton Tax Bill
$1,004
Average Storey County Tax Bill
$1,283
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Dayton, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89403 | $566 | $766 | $1,004 | $1,410 | $2,018 |
Source: Ownwell