Washoe County Property Taxes
The median property tax rate in Washoe County is 1.13%, which is notably higher than both the national median of 0.99% and the Nevada state median of 0.80%. With a median home value of $201,928, the typical annual property tax bill in Washoe County amounts to $2,401, which is below the national median of $2,690. Property taxes in Washoe County are determined based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Washoe County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Reno or another part of Washoe County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Washoe County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$2,282
$2,117
Ownwell’s Washoe County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Washoe County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Washoe County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Washoe County, Nevada
Property taxes in Washoe County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Washoe County is 1.13%, which is higher than the U.S. national median of 0.99%. Local government entities within Washoe County set these rates annually, and they can vary significantly between different areas within the county. Each year, Washoe County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Incline Village has one of the higher property tax rates in Nevada at 1.34%, while the city of Wadsworth boasts one of the lowest at 0.62%. Analyzing how Washoe County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Washoe County Tax Rate
1.13%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Washoe County, Nevada
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carson City | 0.78% | 0.82% | 0.90% | 1.08% | 1.13% |
| Crystal Bay | 0.63% | 0.82% | 1.12% | 1.29% | 1.39% |
| Gerlach | 0.65% | 0.72% | 0.86% | 0.98% | 1.05% |
| Incline Village | 1.10% | 1.24% | 1.34% | 1.45% | 1.55% |
| Nixon | 0.84% | 0.84% | 0.84% | 0.84% | 0.84% |
| Reno | 0.80% | 0.95% | 1.13% | 1.28% | 1.43% |
| Sparks | 0.86% | 0.97% | 1.11% | 1.26% | 1.44% |
| Sun Valley | 0.40% | 0.45% | 0.70% | 1.10% | 1.25% |
| Verdi | 0.93% | 1.03% | 1.26% | 1.43% | 4.71% |
| Wadsworth | 0.46% | 0.60% | 0.62% | 0.68% | 0.75% |
| Washoe Valley | 0.93% | 1.06% | 1.16% | 1.20% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Washoe County, Nevada
In Washoe County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Washoe County Appraisal District. The assessed value, however, 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. Assessment notices in Washoe County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in the county is in Crystal Bay at $8,600, while the lowest is in Gerlach at $444. Being aware of these valuation processes in Washoe County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Washoe County Assessed Value
$201,928
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Washoe County, Nevada
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carson City | $319,516 | $344,863 | $405,488 | $669,574 | $752,190 |
| Crystal Bay | $349,231 | $495,640 | $789,838 | $1,576,676 | $2,701,967 |
| Gerlach | $29,512 | $36,400 | $58,019 | $119,312 | $226,082 |
| Incline Village | $122,358 | $177,512 | $358,527 | $683,071 | $1,216,786 |
| Nixon | $72,890 | $72,890 | $72,890 | $72,890 | $72,890 |
| Reno | $71,720 | $118,468 | $202,746 | $306,681 | $465,566 |
| Sparks | $81,149 | $113,272 | $201,436 | $303,670 | $396,127 |
| Sun Valley | $82,473 | $86,562 | $108,661 | $160,818 | $190,363 |
| Verdi | $94,050 | $182,552 | $360,684 | $457,412 | $655,750 |
| Wadsworth | $34,963 | $57,046 | $128,855 | $143,449 | $215,734 |
| Washoe Valley | $119,836 | $147,095 | $201,062 | $351,671 | $715,881 |
Source: Ownwell
Property Tax Bills Across Washoe County, Nevada
In Washoe County, NV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. Homeowners in Washoe County can expect their property tax bill to be influenced by several factors, including the location of the property and any applicable exemptions. The median home price in Washoe County is $201,928, and the property tax rate is applied to this assessed value to determine the tax bill. For instance, tax bills in the 25th percentile are around $1,365, while those in the 75th percentile are approximately $3,865. The 90th percentile tax bill can reach up to $5,853. Crystal Bay has the highest median tax bill at $8,600, whereas Gerlach has the lowest at $444. These property tax bills significantly impact homeowners, influencing their overall housing costs and financial planning. Understanding how these taxes are calculated can help homeowners anticipate and manage their yearly expenses more effectively.
Average Washoe County Tax Bill
$2,401
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Washoe County, Nevada
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carson City | $2,744 | $3,046 | $4,196 | $6,370 | $7,632 |
| Crystal Bay | $3,836 | $5,568 | $8,600 | $14,346 | $24,411 |
| Gerlach | $217 | $301 | $444 | $891 | $2,399 |
| Incline Village | $1,778 | $2,451 | $4,878 | $8,311 | $15,022 |
| Nixon | $615 | $615 | $615 | $615 | $615 |
| Reno | $713 | $1,302 | $2,387 | $3,815 | $5,837 |
| Sparks | $760 | $1,448 | $2,386 | $3,545 | $5,000 |
| Sun Valley | $340 | $384 | $836 | $1,866 | $2,508 |
| Verdi | $1,886 | $3,084 | $5,210 | $6,250 | $8,393 |
| Wadsworth | $229 | $348 | $839 | $973 | $1,367 |
| Washoe Valley | $1,252 | $1,719 | $2,396 | $4,115 | $7,804 |
Source: Ownwell