Virginia City, Storey County, Nevada Property Taxes
Median Virginia City, NV effective property tax rate: 1.08%, significantly higher than the national median of 1.02%, but lower than the Nevada state median of 0.80%.
Median Virginia City, NV home value: $137,262
Median annual Virginia City, NV tax bill: $1,434, $966 lower than the national median property tax bill of $2,400.
How are property taxes in Storey County calculated?
Property taxes in Virginia City, 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 Virginia City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Virginia City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Virginia City, Storey County, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.08%
Estimate Property Tax Bill
$1,482
$1,376
Property Tax Rates Across Virginia City, Storey County, Nevada
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing 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 Virginia City’s effective property tax rate to other cities in Nevada and the median property tax rates in Nevada and the U.S.
In Virginia City, located in Storey County, the effective property tax rate stands at 1.08%, aligning with both the highest and lowest median tax rates in the state. This rate is slightly above the national median property tax rate of 1.02%. While the difference may seem marginal, it can significantly impact homeowners' annual tax bills. By understanding these rates, property owners in Virginia City can make informed decisions about their property tax appeals, potentially saving money and ensuring fair property tax assessments.
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 Virginia City Tax Rate
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 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 Virginia City, Storey County, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89440 | 0.84% | 0.96% | 1.08% | 1.14% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Virginia City, Storey County, Nevada
When examining property taxes in Virginia City, 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 appraisal district 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 Virginia City.
For example, the median home price in Virginia City is $137,262, with tax bills ranging significantly across the county. Zip code 89440 has the highest median home price at $137,262.
Property Tax Assessment Values Across Virginia City, Storey County, Nevada
Source: Ownwell
$137,262
$188,836
$240,410
Median Virginia City Market Value
$137,262
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 Virginia City, Storey County, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89440 | $54,490 | $87,288 | $137,262 | $205,338 | $308,869 |
Source: Ownwell
Property Tax Bills Across Virginia City, Storey County, Nevada
Median Virginia City Tax Bill
$1,434
Median Storey County Tax Bill
$1,283
Median Nevada Tax Bill
$1,782
Median United States Tax Bill
$2,400
Property Tax Bills Across Virginia City, Storey County, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89440 | $576 | $880 | $1,434 | $2,249 | $3,338 |
Source: Ownwell