89042 Property Tax Rate

Property owners in ZIP code 89042 (Panaca, Nevada) pay a median of $1,486/year in property taxes on homes valued at $280,600. This translates to an effective tax rate of 0.53%, which is near the Nevada state average of 0.52%.

The monthly property tax burden for a median-valued home in 89042 is approximately $124, which factors into escrow payments on mortgages. This ZIP code is located within Lincoln County. This is $541 less than the Nevada average of $2,027/year.

Compared to similar ZIP codes in Nevada, 89042 has lower property taxes. ZIP codes with similar effective rates include 89301 (0.53%) and 89129 (0.53%).

In Panaca, property taxes represent approximately 2.1% of the median household income of $70,568, providing context for the relative tax burden on homeowners in this area.

Nevada has no state income tax and assesses property at 35% of market value, with no reassessment cap at sale — your assessed value resets to 35% of the purchase price when you buy. Lincoln County Assessor's office administers a Disabled Person or Senior Citizen property tax exemption for primary residences; contact the assessor at (775) 962-5216 to verify eligibility and filing deadlines. Request a property assessment review from the Lincoln County Assessor within 30 days of receiving your assessment notice to ensure accuracy.