Storey County, Nevada Property Taxes
Median Storey County effective property tax rate: 0.98%, slightly lower than the national median of 1.02%.
Median Storey County home value: $161,718
Median annual Storey County tax bill: $1,283, $1,117 lower than the national median property tax bill of $2,400.
How are property taxes in Storey County calculated?
Property taxes in Storey County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Virginia City or another part of Storey County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Storey County, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.98%
Estimate Property Tax Bill
$1,585
$1,471
Ownwell’s Storey County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Storey County with just two data points.
By entering your property's estimated assessed value, our calculator applies Storey County’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 more 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 Storey County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Storey County, Nevada
Local government entities set tax rates, which can vary widely within a state. 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 Storey County's effective property tax rate to other counties in Nevada or the U.S. median property tax rate. Storey County has a median property tax rate of 0.98%, slightly below the national median of 1.02%. In comparison, Virginia City, within the same county, has the highest median tax rate at 1.08%, while Sparks boasts the lowest at 0.65%. This range illustrates the variability in tax rates even within a single state. Understanding these differences can be crucial for property owners looking to optimize their tax obligations. Whether you're a homeowner or an investor, knowing where your property tax rate stands can help in making informed financial decisions.
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 Storey County Tax Rate
0.98%
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 Nevada Tax Rate
0.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Storey County, Nevada
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dayton | 0.58% | 0.63% | 0.76% | 0.95% | 1.07% |
| Gold Hill | N/A | N/A | N/A | N/A | N/A |
| Reno | 0.82% | 0.97% | 1.06% | 1.11% | 1.14% |
| Sparks | 0.57% | 0.61% | 0.65% | 0.70% | 0.81% |
| Vc Highlands | N/A | N/A | N/A | N/A | N/A |
| Virginia City | 0.84% | 0.96% | 1.08% | 1.14% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Storey County, Nevada
When examining property taxes in Storey County, 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 Storey 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 Storey County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Storey County.
For example, the median tax bill in Storey County is $1617, with tax bills ranging significantly across the county. Reno has the highest median home price at $240,410.
Median Storey County Market Value
$161,718
Median Nevada Market Value
$225,374
Median United States Market Value
$235,294
Property Tax Assessment Values Across Storey County, Nevada
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dayton | $69,309 | $110,620 | $142,700 | $180,047 | $225,903 |
| Gold Hill | N/A | N/A | N/A | N/A | N/A |
| Reno | $67,192 | $138,589 | $240,410 | $340,232 | $448,532 |
| Sparks | $120,172 | $129,759 | $149,648 | $178,130 | $202,487 |
| Vc Highlands | N/A | N/A | N/A | N/A | N/A |
| Virginia City | $54,490 | $87,288 | $137,262 | $205,338 | $308,869 |
Source: Ownwell
Property Tax Bills Across Storey County, Nevada
Median Storey County Tax Bill
$1,283
Median Nevada Tax Bill
$1,782
Median United States Tax Bill
$2,400
Property Tax Bills Across Storey County, Nevada
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dayton | $566 | $766 | $1,004 | $1,410 | $2,018 |
| Gold Hill | N/A | N/A | N/A | N/A | N/A |
| Reno | $593 | $1,473 | $2,448 | $3,423 | $4,528 |
| Sparks | $760 | $850 | $998 | $1,140 | $1,308 |
| Vc Highlands | N/A | N/A | N/A | N/A | N/A |
| Virginia City | $576 | $880 | $1,434 | $2,249 | $3,338 |
Source: Ownwell