Nevada

Sales Tax

  • Statewide: 4.6%
  • Municipalities can levy sales tax of no more than 3.775%
  • Current average sales tax (with local taxes included): 7.948%
  • Common Exceptions at State Level:
    • Prescription drugs: Exempt
    • Unprepared foods: Exempt
  • Gasoline Tax: 68.88 cents/gallon (Includes all state, local, and federal taxes)
  • Diesel Fuel Tax: 52.96 cents/gallon (Includes all state, local, and federal taxes)
  • Cigarette Tax: $1.80/pack of 20

 

Personal Income Tax

  • Nevada has no personal income tax.

 

Property Tax

  • Local municipalities average .6% of the property's assessed value.
  • Calculation of assessed value: 35% of taxable value (subject to depreciation); revalued every year.
  • Relief programs for:
    • Veterans/Unremarried Surviving Spouse: Up to $2,800 of assessed value exempt if served during certain conflicts or time periods.
    • Disabled Veterans/Unremarried Surviving Spouse: Up to $28,000 of assessed value exempt if 60% or more service-connected disability.
  • Personal Property Tax: Yes. Rates and exemptions vary.
  • Abatement programs in place if taxes exceed 103% of prior year's taxes.

 

Inheritance & Estate Taxes: None

 

Department of Revenue website: www.tax.nv.gov

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