Rate Breakdown

Property taxes in Storey County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Storey County

In Storey County, property taxes are determined by the Storey County Assessor’s Office based on the taxable value of your real property. Nevada law mandates that property be assessed at 35% of its taxable value. The taxable value itself is calculated by combining the replacement cost of improvements (minus depreciation) with the market value of the land. Once the assessed value is established, it is multiplied by the local tax rate—often referred to as the millage rate—which is set by the Nevada Department of Taxation and local government entities to fund essential public services like schools, roads, and emergency management.

Available Exemptions

Nevada offers several property tax exemptions to reduce the tax burden for qualifying residents. These exemptions are applied to the assessed value of your property. Common programs include:

• Veteran Exemptions: Available to honorably discharged veterans who served during specific periods of conflict or those with a service-connected disability.
• Disabled Veteran Exemptions: A specialized exemption for veterans with a permanent service-connected disability rating.
• Widow/Widower Exemptions: Provided to surviving spouses of veterans who met specific service requirements.
• Blind Exemptions: Available to residents who are legally blind.
• Senior/Disability Assistance: While not a direct property tax exemption, the State of Nevada offers the Senior Citizens Property Tax Assistance Program, which provides partial rebates to low-income seniors and individuals with disabilities.

To apply for these exemptions, you must file the necessary documentation with the Storey County Assessor’s office, typically by June 15th of the preceding tax year.

Payment Schedule & Deadlines

Property taxes in Storey County are billed annually. If your total tax bill exceeds $100, you have the option to pay in four equal installments. The statutory deadlines for these payments are:

• 1st Installment: Third Monday in August
• 2nd Installment: First Monday in October
• 3rd Installment: First Monday in January
• 4th Installment: First Monday in March

Payments must be received or postmarked by these dates to avoid penalties. Failure to pay on time results in a penalty of 4% for the first month, increasing by 1% each subsequent month up to a maximum of 10%. Continued delinquency may lead to a tax lien being placed against the property.

Appealing Your Assessment

If you believe the assessed value of your property is inaccurate, you have the right to appeal. The process begins by contacting the Storey County Assessor’s Office to discuss the valuation. If the issue remains unresolved, you must file a formal petition with the Storey County Board of Equalization. This petition must be filed by the deadline established by state law, which is typically in January. It is essential to provide evidence, such as recent appraisals or documentation of comparable property sales, to support your claim that the assessment exceeds the property's actual market value.