Vc Highlands, Nevada Property Taxes
The median property tax rate in VC Highlands, NV, is 1.01%, slightly higher than the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in VC Highlands, the typical annual property tax bill amounts to $238, which is significantly lower than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding VC Highlands' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of VC Highlands 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
Vc Highlands, 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 VC Highlands Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in VC Highlands with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in VC Highlands 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 Vc Highlands, Nevada
Property taxes in VC Highlands, Nevada, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in VC Highlands is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within VC Highlands set these rates annually, and they can vary significantly across different neighborhoods. Each year, VC Highlands 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 VC Highlands' effective property tax rate to other areas in Storey County and the national median. For comparison, the 89521 zip code has the highest and lowest median property tax rate of 1.01%. Understanding how these areas compare with VC Highlands 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 Vc Highlands Tax Rate
1.01%
Average Storey County Tax Rate
0.98%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vc Highlands, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89521 | 0.99% | 1.00% | 1.01% | 1.03% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Vc Highlands, Nevada
In VC Highlands, 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 VC Highlands, 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 VC Highlands helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $238.00, specifically in the 89521 zip code.
Average Vc Highlands Assessed Value
$23,500
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 Vc Highlands, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89521 | $22,300 | $22,750 | $23,500 | $24,250 | $24,700 |
Source: Ownwell
Property Tax Bills Across Vc Highlands, Nevada
In VC Highlands, Storey County, NV, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The tax rate in this area is relatively lower compared to the national median property tax rate of 0.99%. For instance, the median home price in VC Highlands is $23,500, and property tax bills typically range from $233 at the 25th percentile to $245 at the 90th percentile. Several factors influence the tax bill, including the property's assessed value and any applicable exemptions. For homeowners, this means that a lower assessed value results in a lower tax bill, making homeownership more affordable compared to regions with higher property tax rates. VC Highlands has a consistent median tax bill of $238, showcasing the area's uniformity in property tax assessments. This stability in property tax bills can provide financial predictability and ease the burden on homeowners, contributing to a more stable housing market in the region.
Average Vc Highlands Tax Bill
$238
Average Storey County Tax Bill
$1,283
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Vc Highlands, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89521 | $231 | $233 | $238 | $243 | $245 |
Source: Ownwell