Mc Gill, Nevada Property Taxes
The median property tax rate in MC GILL, 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 MC GILL, the typical annual property tax bill reaches $570, which is below the national median of $2,690. Property taxes in MC GILL 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 MC GILL'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 MC GILL 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
Mc Gill, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$587
$544
Ownwell’s MC GILL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC GILL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC GILL 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 Mc Gill, Nevada
Property taxes in MC GILL, Nevada, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MC GILL is 1.21%, significantly higher than both the Nevada state median and the U.S. national median of 0.99%. Local government entities within MC GILL set these rates annually, and they can vary significantly across different neighborhoods. Each year, MC GILL 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 MC GILL's effective property tax rate to other counties in Nevada and the national median. For comparison, the 89318 zip code 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 areas compare with MC GILL provides valuable insights into the varying tax landscape across White Pine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Gill 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 Mc Gill, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89318 | 1.03% | 1.12% | 1.21% | 1.30% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Mc Gill, Nevada
In MC GILL, 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 MC GILL, 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 MC GILL 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 are both $570.00, found in zip code 89318.
Average Mc Gill Assessed Value
$48,490
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 Mc Gill, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89318 | $31,563 | $40,308 | $48,490 | $57,794 | $71,078 |
Source: Ownwell
Property Tax Bills Across Mc Gill, Nevada
In McGill, NV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate, determined by White Pine County, is then applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $48,490, homeowners can expect a tax bill ranging from $481 at the 25th percentile to $687 at the 75th percentile, with the 90th percentile reaching up to $875. These figures show that property taxes in McGill are relatively modest compared to the national median property tax rate of 0.99%. Factors such as changes in the market value of homes and local tax rates can influence these amounts. Homeowners in McGill benefit from lower property tax bills, which can make homeownership more affordable and financially manageable in this region.
Average Mc Gill Tax Bill
$570
Average White Pine County Tax Bill
$748
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Gill, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89318 | $396 | $481 | $570 | $687 | $875 |
Source: Ownwell