Lund, Nevada Property Taxes
The median property tax rate in Lund, NV is 1.21%, considerably higher than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Lund at $80,846, the typical annual property tax bill reaches $945, which is below the national median of $2,690. Property taxes in Lund are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lund'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 Lund or another part of White Pine County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lund, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$978
$908
Ownwell’s Lund Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lund with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lund 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 Lund, Nevada
Property taxes in Lund, Nevada, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lund is 1.21%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lund set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lund 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 Lund's effective property tax rate to other counties in Nevada and the national median. For comparison, the zip code 89317 has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Lund provides valuable insights into the varying tax landscape across White Pine, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lund Tax Rate
1.21%
Average White Pine County Tax Rate
1.25%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lund, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89317 | 1.17% | 1.18% | 1.21% | 1.29% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Lund, Nevada
In Lund, 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 White Pine 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 Lund, 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 instance, the median home price in Lund is $80,846, with tax bills ranging from $526 at the 25th percentile to $2,925 at the 90th percentile. The zip code 89317 has the highest median tax bill at $945. 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 Lund helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lund Assessed Value
$80,846
Average White Pine County Assessed Value
$62,311
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lund, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89317 | $23,272 | $43,269 | $80,846 | $150,620 | $244,282 |
Source: Ownwell
Property Tax Bills Across Lund, Nevada
In Lund, property tax bills are calculated based on the assessed value of the property. This value is determined by the county assessor and reflects a percentage of the property's market value. Homeowners in Lund, located in White Pine County, can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is around $526, while the 75th percentile tax bill can reach up to $1,859. Several factors influence these amounts, including property size, location, and any applicable exemptions. The highest median tax bill in the area is recorded at $945, which is notably lower than the national median property tax rate of 0.99%. This relatively moderate tax burden can be a significant advantage for homeowners, making Lund an attractive place for property investment. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances more effectively.
Average Lund Tax Bill
$945
Average White Pine County Tax Bill
$748
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Lund, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89317 | $341 | $526 | $945 | $1,859 | $2,925 |
Source: Ownwell