89440 Property Tax Rate

Property owners in ZIP code 89440 (Virginia City, Nevada) pay a median of $2,101/year in property taxes on homes valued at $456,900. This translates to an effective tax rate of 0.46%, which is 12% below the Nevada state average of 0.52%.

The monthly property tax burden for a median-valued home in 89440 is approximately $175, which factors into escrow payments on mortgages. This ZIP code is located within Storey County.

Compared to similar ZIP codes in Nevada, 89440 has higher property taxes. ZIP codes with similar effective rates include 89031 (0.46%) and 89441 (0.46%).

In Virginia City, property taxes represent approximately 1.9% of the median household income of $109,286, providing context for the relative tax burden on homeowners in this area.

Nevada assesses all property at 35% of market value with no annual increase caps, meaning your assessed value resets to 35% of the purchase price upon closing. Storey County administers Senior Citizen and Disabled Person exemptions on primary residences — contact the Storey County Assessor to request an application and confirm your eligibility for tax relief. Submit your exemption paperwork to the Storey County Assessor within 30 days of purchase to ensure the exemption applies to your initial tax bill.