Reno, Storey County, Nevada Property Taxes

Name: Property Tax Bills Across Reno, Storey County, Nevada
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Reno, NV effective property tax rate: 1.06%, slightly higher than the national median of 1.02%, but lower than the Nevada state median of 0.80%.
Median Reno, NV home value: $240,410
Median annual Reno, NV tax bill: $2,448, $48 higher than the national median property tax bill of $2,400.

How are property taxes in Storey County calculated?

Property taxes in Reno, 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 Reno’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Reno, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Reno, Storey County, Nevada Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.06%

Estimate Property Tax Bill

$2,548

$2,365

Ownwell’s Reno Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Reno with just two data points. By entering your property's estimated assessed value, our calculator applies Reno’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 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 Reno, 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 Reno’s effective property tax rate to other cities in Nevada and the median property tax rates in Nevada and the U.S.

Property Tax Rates Across Reno, Storey County, Nevada

Source: Ownwell

0.65%

0.87%

1.08%

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 Reno Tax Rate

1.06%

Median Effective Storey County Tax Rate

0.98%

Median Effective Nevada Tax Rate

0.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Reno, Storey County, Nevada

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
89521	0.82%	0.97%	1.06%	1.11%	1.14%

Source: Ownwell

Property Tax Assessment Values Across Reno, Storey County, Nevada

When examining property taxes in Reno, 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 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.

In Storey County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Reno. For example, the median home price in Reno is $240,410, with tax bills ranging significantly across the county. 89521 has the highest median home price at $240,410.

Property Tax Assessment Values Across Reno, Storey County, Nevada

Source: Ownwell

$137,262

$188,836

$240,410

Median Reno Market Value

$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 Reno, Storey County, Nevada

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
89521	$67,192	$138,589	$240,410	$340,232	$448,532

Source: Ownwell

Property Tax Bills Across Reno, Storey County, Nevada

In Reno, NV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the local tax rate and any applicable exemptions or deductions influence the final amount homeowners need to pay. In Reno, the tax bill can vary significantly, with the 25th percentile at $1,473 and the 75th percentile at $3,423, reflecting the diversity in property values and tax rates within the area. The highest median tax bill in the 89521 zip code is $2,448, which is slightly above the national median property tax bill of $2,400. This can impact homeowners by increasing their annual financial obligations. Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemptions, ensuring that they are not overpaying. By leveraging expert knowledge, Ownwell helps clients navigate the complexities of property tax laws, potentially reducing their tax liabilities.

Property Tax Bills Across Reno, Storey County, Nevada

Source: Ownwell

$998

$1,723

$2,448

Median Reno Tax Bill

$2,448

Median Storey County Tax Bill

$1,283

Median Nevada Tax Bill

$1,782

Median United States Tax Bill

$2,400

Property Tax Bills Across Reno, Storey County, Nevada

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
89521	$593	$1,473	$2,448	$3,423	$4,528

Source: Ownwell