Silver Springs, Lyon County, Nevada Property Taxes
Median Silver Springs, NV effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but lower than the Nevada state median of 0.80%.
Median Silver Springs, NV home value: $108,884
Median annual Silver Springs, NV tax bill: $746, $1,654 lower than the national median property tax bill of $2,400.
How are property taxes in Lyon calculated?
Property taxes in Silver Springs, 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 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 March 1, 2025
Silver Springs, Lyon County, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$773
$717
Property Tax Rates Across Silver Springs, Lyon County, Nevada
Local government entities set tax rates, which can vary widely within a state. This variation occurs 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 votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Silver Springs, located in Lyon County, Nevada, the effective property tax rate is significantly below the national median of 1.02%. This lower rate can offer substantial savings to property owners compared to the national median property tax bill of $2400. The region's property tax rate is consistent across different areas within the county, ensuring a predictable financial environment for residents. The uniformity in the tax rate across Lyon County, including Silver Springs, reflects a stable approach to property taxation. This stability can be particularly appealing for homeowners and prospective buyers looking for predictable property-related expenses. By understanding how these rates are determined and how they compare to national figures, property owners in Silver Springs can make informed decisions about their investments.
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
0.71%
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
0.80%
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 | 0.55% | 0.61% | 0.71% | 0.84% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Silver Springs, Lyon County, Nevada
When examining property taxes in Silver Springs, 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 Lyon County Assessor's Office 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 Lyon County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 $108,884, with tax bills ranging significantly across the county. Zip code 89429 has the highest median home price at $108,884.
Property Tax Assessment Values Across Silver Springs, Lyon County, Nevada
Source: Ownwell
$46,535
$217,547
$388,558
Median Silver Springs Market Value
$108,884
Median Lyon County Market Value
$272,527
Median Nevada Market Value
$225,374
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 | $41,733 | $62,299 | $108,884 | $162,906 | $215,272 |
Source: Ownwell
Property Tax Bills Across Silver Springs, Lyon County, Nevada
Median Silver Springs Tax Bill
$746
Median Lyon County Tax Bill
$1,773
Median Nevada Tax Bill
$1,782
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 | $286 | $448 | $746 | $1,185 | $1,856 |
Source: Ownwell