Silver Springs, Lyon County, Nevada Property Taxes
Property Taxes in Silver Springs, Nevada
Median Silver Springs, Nevada effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, and lower than the Nevada state median of 0.84%.
Median Silver Springs, Nevada home value: $118,576
Median annual Silver Springs, Nevada tax bill: $791, lower than the national median property tax bill of $2,400.
How are property taxes in Lyon calculated?
Property taxes in Silver Springs, Nevada 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 Silver Springs's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Silver Springs, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Silver Springs, Lyon County, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.69%
Estimate Property Tax Bill
$818
$759
How Does the Silver Springs Property Tax Calculator Work?
Use this Silver Springs property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Silver Springs's median effective tax rate of 0.69% — based on actual property records in Lyon County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Silver Springs's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Silver Springs: rates range from 0.69% in 89429 to 0.69% in 89429, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Silver Springs.
About Silver Springs Property Taxes
About Property Taxes in Silver Springs, Lyon, Nevada
Silver Springs’s median effective property tax rate of 0.69% is lower than the Nevada state median of 0.84% and lower than the national median of 1.02%. This rate reflects the Lyon County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Silver Springs. Homeowners in the 89429 ZIP code carry a median effective rate of 0.69%, while those in 89429 pay 0.69%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Lyon County. Understanding which part of Silver Springs you live in can make a meaningful difference to your annual tax bill.
Silver Springs homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before January 15, 2026.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Silver Springs, Lyon County, Nevada
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Silver Springs's effective property tax rate to other cities in Nevada and the median property tax rates in Nevada and the U.S.
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 Silver Springs Tax Rate
0.69%
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 Lyon County Tax Rate
0.69%
Median Effective Nevada Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Silver Springs, Lyon County, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89429 | 0.53% | 0.59% | 0.69% | 0.82% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Silver Springs, Lyon County, Nevada
When examining property taxes in Silver Springs, Nevada, 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 Lyon 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.
Assessment notices:
In Lyon County, assessment notices are sent in December each year. They'll typically reach your mailbox by the middle of December.
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 Silver Springs.
For example, the median home price in Silver Springs is $118,576, with tax bills ranging significantly across the county. 89429 has the highest median home price at $118,576.
Property Tax Assessment Values Across Silver Springs, Lyon County, Nevada
Source: Ownwell
$37,969
$216,999
$396,028
Median Silver Springs Market Value
$118,576
Median Lyon County Market Value
$286,043
Median Nevada Market Value
$223,915
Median United States Market Value
$235,294
Property Tax Assessment Values Across Silver Springs, Lyon County, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89429 | $47,788 | $67,942 | $118,576 | $178,667 | $232,509 |
Source: Ownwell
Property Tax Bills Across Silver Springs, Lyon County, Nevada
Property tax bills in Silver Springs are based on the assessed value of a home and the local tax rate set for Lyon County. The bill is calculated by applying that rate to the property’s taxable value, which means homes with higher market values generally face higher taxes. For Silver Springs, the median home price is $118,576, and the median property tax bill is $791, which is well below the national median property tax bill of $2,400.
Several factors can affect the final bill, including the home’s assessed value, any exemptions that apply, and changes in local tax rates. Homeowners with bills in the 25th percentile at $479 may pay much less than those in the 90th percentile at $1,995, showing how much bills can vary even within the same area. Because property taxes are a recurring housing cost, they can significantly affect monthly budgets and long-term affordability for homeowners.
Median Silver Springs Tax Bill
$791
Median Lyon County Tax Bill
$1,862
Median Nevada Tax Bill
$1,923
Median United States Tax Bill
$2,400
Property Tax Bills Across Silver Springs, Lyon County, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89429 | $303 | $479 | $791 | $1,262 | $1,995 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 15 |
Links | |
|---|---|
| Lyon Tax Assessor | |
| Website | gsaportal.lyon-county.org |