Montello, Elko County, Nevada Property Taxes

Name: Property Tax Bills Across Montello, Elko County, Nevada
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Montello, NV effective property tax rate: 0.88%, significantly lower than the national median of 1.02%, but higher than the Nevada state median of 0.80%.
Median Montello, NV home value: $19,289
Median annual Montello, NV tax bill: $186, $2,214 lower than the national median property tax bill of $2,400.

How are property taxes in Elko calculated?

Property taxes in Montello, NV are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Montello’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Montello, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Montello, Elko County, Nevada Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.88%

Estimate Property Tax Bill

$170

$158

Ownwell’s Montello Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Montello with just two data points.

By entering your property's estimated assessed value, our calculator applies Montello’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Elko County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Montello, Elko County, Nevada

Local government entities determine tax rates, and these can differ significantly within a state. This variation occurs because each county annually estimates the budget required to deliver services and divides this by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and legislation play a role in setting tax rates and budgets, this process encapsulates the annual routine.

In Montello, located in Elko County, Nevada, you can observe how the effective property tax rate compares to other cities in the state, as well as to the median property tax rates in Nevada and across the U.S. Interestingly, Montello's property tax rate aligns with both the highest and lowest rates in the state, reflecting a uniformity not often seen in other regions. With Nevada's median property tax rate being lower than the national median, homeowners in Montello benefit from relatively lower property tax bills compared to the national average. This favorable tax environment can be an attractive factor for both current residents and potential homebuyers considering a move to this area.

Property Tax Rates Across Montello, Elko County, Nevada

Source: Ownwell

0.83%

1.04%

1.25%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Montello Tax Rate

0.88%

Median Effective Elko County Tax Rate

0.92%

Median Effective Nevada Tax Rate

0.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Montello, Elko County, Nevada

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
89830	0.46%	0.82%	0.88%	0.96%	1.05%

Source: Ownwell

Property Tax Assessment Values Across Montello, Elko County, Nevada

When examining property taxes in Montello, NV, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Elko County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Elko County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Montello. For example, the median home price in Montello is $19,289, with tax bills ranging significantly across the county. 89830 has the highest median home price at $19,289.

Property Tax Assessment Values Across Montello, Elko County, Nevada

Source: Ownwell

$19,289

$149,313

$279,337

Median Montello Market Value

$19,289

Median Elko County Market Value

$142,560

Median Nevada Market Value

$225,374

Median United States Market Value

$235,294

Property Tax Assessment Values Across Montello, Elko County, Nevada

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
89830	$4,272	$7,135	$19,289	$42,292	$73,885

Source: Ownwell

Property Tax Bills Across Montello, Elko County, Nevada

In Montello, located in Elko County, NV, property tax bills are determined based on the assessed value of a home, which is a fraction of its market value. The assessed value is then multiplied by the local tax rate to calculate the property tax bill. Homeowners in Montello typically see a range of tax bills, with the 25th percentile at $55 and the 75th percentile at $401. While the highest median tax bill in the area is $186, it remains significantly lower than the national median property tax bill of $2400. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. Homeowners may find these taxes burdensome, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills, ensuring they only pay their fair share. With Ownwell's assistance, homeowners can navigate the complexities of property tax assessments and achieve potential savings.

Property Tax Bills Across Montello, Elko County, Nevada

Source: Ownwell

$186

$1,358

$2,530

Median Montello Tax Bill

$186

Median Elko County Tax Bill

$1,397

Median Nevada Tax Bill

$1,782

Median United States Tax Bill

$2,400

Property Tax Bills Across Montello, Elko County, Nevada

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
89830	$19	$55	$186	$401	$663

Source: Ownwell