Property Tax & Income in Storey County, Nevada
Storey County has an effective property tax rate of 0.34%. On the median home value of $426,400, that's roughly $1,450 per year. Median household income is $93,409.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | Storey County | Nevada (state context) |
|---|---|---|
| Effective property tax rate1 | 0.34% | 0.49% |
| Median home value1 | $426,400 | — |
| State income tax3 | No state income tax | No state income tax |
| State sales tax3 | 8.24% combined | 8.24% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About Storey County, NV
Buying in Storey County means weighing a median home value of $426,400 against an annual property tax bill of just $1,450, based on an effective rate of 0.340%. That rate sits below Nevada's statewide median of 0.495% and ranks lowest among all 17 counties in the state, so taxes here claim a smaller share of a purchase than almost anywhere else in Nevada. Households earning a median of $93,409, with per-capita income at $49,702, may find that difference meaningful over time. Sparks is the largest of the county's communities, alongside Virginia City and Wadsworth. Nationally, the median effective rate is 0.794%, more than double what buyers here pay. The combination of a mid-range purchase price and the state's lowest tax rate shapes how far a budget can stretch in this part of northern Nevada.