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Nevada

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Nevada State and Local Tax Profile

Income Taxes

  • No state income tax
  • Retirement Income: Not taxed

Sales Taxes

  • State Sales Tax: 6.5% (food and prescription drugs exempt). Counties may add up to 1.25% additional. .
  • Gasoline Tax: 32.5 cents/gallon; county taxes may add another 5-10 cents.
  • Diesel Fuel Tax: 28.6 cents/gallon; county taxes may add another 5-10 cents.
  • Cigarette Tax: 80 cents/pack of 20

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Property Taxes

  • All property in the state is subject to tax by the state, counties, cities, towns, and school districts. Property taxes are applied to property of every kind and nature, including real and personal property. The assessed valuation for tax purposes is based on 35% of the fair market value of the property and is revalued every five years. Click here. The Senior Citizens Property Tax Assistance Act is administered by the Nevada Division of Aging Services. Homeowners 62 and older who earn $24,016 or less are eligible for a rebate of up to $500 or up to 90% of taxes paid. The program is also available to older taxpayers who, through rent payments, pay a disproportionate amount of their income on property taxes. Call 775-687-4892 for details.
  • Estate Taxes

    • There is no inheritance tax and a limited estate tax related to federal estate tax collection.
    • For further information, visit the Nevada Department of Taxation site.





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Last Updated ( Monday, 21 January 2008 )
 
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