Nixon, Nevada Property Taxes
The median property tax rate in Nixon, NV is 0.84%, slightly higher than the state median of 0.80% but still below the national median of 0.99%. With a median home value of $72,890, the typical annual property tax bill in Nixon amounts to $615, which is significantly lower than the national median of $2,690. Property taxes in Nixon are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as for primary residences and agricultural properties. Understanding Nixon'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 Nixon or another part of Washoe County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nixon, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$612
$568
Ownwell’s Nixon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nixon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nixon 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 Nixon, Nevada
Property taxes in Nixon, Nevada, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nixon is 0.84%, which is lower than both the Nevada state median and the U.S. national median of 0.99%. Local government entities within Nixon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nixon 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 Nixon's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89424 zip code has both the highest and lowest median property tax rate of 0.84%. Understanding how these areas compare with Nixon provides valuable insights into the varying tax landscape across Washoe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nixon Tax Rate
0.84%
Average Washoe County Tax Rate
1.13%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nixon, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89424 | 0.84% | 0.84% | 0.84% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Nixon, Nevada
In Nixon, 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 Washoe 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 Nixon, 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. For example, the median home price in Nixon is $72,890, with median tax bills consistently around $615, regardless of the percentile. Both the highest and lowest median tax bills are found in the 89424 zip code, each at $615. 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 Nixon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Nixon Assessed Value
$72,890
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 Nixon, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89424 | $72,890 | $72,890 | $72,890 | $72,890 | $72,890 |
Source: Ownwell
Property Tax Bills Across Nixon, Nevada
In Nixon, located in Washoe County, NV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For Nixon, the property tax rate is derived from this assessed value and the local tax rate set by various taxing authorities. Homeowners in Nixon face property tax bills that typically hover around $615, regardless of the percentile, indicating a consistent tax burden across different property values. This uniformity is somewhat unique compared to the national landscape, where the median property tax rate is 0.99%. For a median home price of $72,890, this means the property tax rate in Nixon is relatively stable and predictable. This consistency in tax bills can provide homeowners with a sense of financial stability, making it easier to budget for annual expenses. However, this also means that property tax relief or exemptions might be limited, affecting those on a tighter budget or fixed income.
Average Nixon Tax Bill
$615
Average Washoe County Tax Bill
$2,401
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Nixon, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89424 | $615 | $615 | $615 | $615 | $615 |
Source: Ownwell