Nevada Income Tax
Nevada has no state income tax. This makes it one of the most attractive states for high earners and retirees. You will still owe federal income tax.
Nevada Sales Tax
The state sales tax rate in Nevada is 6.85%. With an average local sales tax of 1.38%, the combined average sales tax rate is 8.23%.
Nevada Property Tax
The effective property tax rate in Nevada is 0.53%. With a median home value of $402,600, the median annual property tax bill is $2,030 ($169/month).
Nevada has some of the lowest property taxes in the nation, making homeownership more affordable.
Corporate & Business Taxes
The corporate tax rate in Nevada is 0%. Nevada does not impose a traditional corporate income tax, making it attractive for businesses.
Other Taxes in Nevada
| Tax Type | Rate / Amount |
|---|---|
| Gas Excise Tax | $0.23/gallon |
| Cigarette Tax | $1.80/pack |
| Estate Tax | No |
| Inheritance Tax | No |
Key Facts
No income tax (personal or corporate). Revenue comes primarily from gaming taxes and sales tax.
Compare to Other States
See how salaries compare on our average salary in Nevada page. Thinking about starting a business? Check our LLC guide for Nevada. See the current minimum wage in Nevada.
Financial Calculators
Plan your finances in Nevada with our free tools:
- Paycheck Calculator — estimate take-home pay after taxes
- Salary Calculator — convert hourly to annual pay
- Mortgage Calculator — estimate monthly home payments
- Home Affordability Calculator — see how property taxes affect what you can afford