Eureka County Assessor's Office

WHAT THE ASSESSOR DOES:

The Assessor’s Office is responsible for determining the value of all real and personal property within the county for tax purposes. This involves conducting property assessments, which are used to calculate property taxes that fund essential local services such as schools, infrastructure, and public safety. The Assessor’s Office maintains detailed records of property ownership, characteristics, and any changes that may affect property values, such as new construction, improvements, or market conditions.

In addition to property valuation, the Assessor provides important services to property owners, including assistance with property tax exemptions, appeals, and understanding assessment processes. The Assessor ensures that property assessments are fair and equitable, reflecting current market values, and works to ensure compliance with state laws and regulations. By accurately assessing property values, the assessor plays a critical role in ensuring that the tax burden is distributed fairly across the county, supporting the financial stability and functioning of local government.

The Assessor’s work is also crucial in maintaining transparency and public trust in the property taxation system. Through regular updates and open communication, the assessor’s office helps residents understand their property assessments and the tax implications, ensuring that the community is informed and engaged in the local tax process.

WHAT THE ASSESSOR DOES NOT DO:
The Assessor does not make laws that affect property owners. The tax laws are made by the Nevada Legislature. The tax rates are set by the elected County Commissioners and guidelines for assessment standards are set by the Nevada Department of Taxation. The tax dollars on real property are collected by the elected County Treasurer. The Assessor does not determine taxes. The Assessor simply determines the property values.

WHAT IS TAXABLE VALUE:
Taxable value is the value of property as determined by the Assessor using methods prescribed by Nevada Revised Statues and the Department of Taxation regulations. Generally speaking, taxable value of real property is the appraised value of the land and the current replacement cost of improvements less statutory depreciation.

HOW DOES THE ASSESSOR DETERMINE TAXABLE VALUE?
The appropriate method under current law is that of replacement cost. Using this method, the Assessor must calculate the amount and cost of materials and labor it would take to replace the subject property. A depreciation factor of 1.5% per year is applied to the effective age of the property, up to a maximum of 50 years. Land values are derived from market sales or other recognized appraisal methods and are added to improvement values.

HOW ARE TAXES CALCULATED?
In Eureka County there are currently 5 tax districts. The tax rates for these districts are based on the amount of monies budgeted to them for the necessary maintenance and improvements of facilities and services. The tax monies collected for the districts pay for schools, roads, law enforcement and fire protection, along with other services that a taxpayer demands and desires from his local government. Eureka County enjoys one of the lowest property tax burdens.

To calculate the tax on your home, let's assume you have a house with a taxable value of $50,000 in the town of Eureka. The tax rate for 2023-24 in the town is $2.0896 per hundred dollars of assessed value. To determine the assessed value, multiply the taxable of the home ($50,000) by the assessment ratio (35%): $50,000 x .35 = $17,500 assessed value.

To calculate the tax, multiply the assessed value by the tax rate ($2.0896 per hundred dollars of assessed value): $17,500 (Assessed Value) x .020896 (Tax Rate) = $365.68 taxes for the 2023-24 fiscal year.