Overview of Nevada Taxes
Nevada has no state income tax. The average property tax rate for the state is lower than the national average.
Number of Personal Exemptions
Your Income Taxes Breakdown
|Tax Type||Marginal |
|2018 Trump Taxes*|
|Total Income Taxes|
|Income After Taxes|
* These will be the taxes owed for the 2018 - 2019 filing season.
Under the Trump Tax Plan (2018-2019 filing season), your Federal Income Tax will be and your FICA will be .
Changes to Your Federal Income
Taxes Under the Trump Tax Plan
- Your marginal federal income tax rate will
- Your effective federal income tax rate will
- Your federal income taxes will
Total Estimated Tax Burden
Total Estimated Tax Burden $
Percent of income to taxes = %
- Our Tax Expert
Jennifer Mansfield, CPA Tax
Jennifer Mansfield, CPA, JD/LLM-Tax, is a Certified Public Accountant with more than 30 years of experience providing tax advice. SmartAsset’s tax expert has a degree in Accounting and Business/Management from the University of Wyoming, as well as both a Masters in Tax Laws and a Juris Doctorate from Georgetown University Law Center. Jennifer has mostly worked in public accounting firms, including Ernst & Young and Deloitte. She is passionate about helping provide people and businesses with valuable accounting and tax advice to allow them to prosper financially. Jennifer lives in Arizona and was recently named to the Greater Tucson Leadership Program.
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Nevada state tax quick facts
Taxpayers in Nevada enjoy one of the least burdensome tax environments in the country. There is no state income tax in Nevada. Instead, the state collects most of its revenue through sales taxes, sin taxes (on alcohol and cigarettes) and taxes on the casino and hotel industries. While the Silver State has the 13th-highest combined state and average local sales tax rate (7.98%), its average property tax rate is lower than the national average.
Nevada Income Tax
Whether you’re a teacher, a real estate mogul or a professional card shark, if you live in Nevada, you won’t need to pay any state taxes on your earnings. That’s because Nevada has no state income tax of any kind. Wages, capital gains, inheritances and (yes) winnings, are all state income tax fee. Although you must still pay federal income taxes.
Nevada Sales Tax
Nevada’s statewide sales tax rate of 6.85% is eighth-highest in the U.S. However, local sales tax rates can raise the sales tax up to 8.265%. The table below shows the county and city rates for every county and the largest cities in the state.
Sales Tax Rates (Updated January 2018)
|County||State Rate||County Rate||Total Sales Tax|
|City||State Rate||County + City Rate||Total Sales Tax|
|North Las Vegas||6.850%||1.400%||8.250%|
Most goods and merchandise in Nevada are subject to sales tax, however there are some exceptions. Food is exempt from sales tax, unless it is prepared for immediate consumption (in a restaurant, for example). Newspapers, prescription drugs, prosthetic devices and other types of durable medical equipment are also exempt from sales tax.
Nevada Property Tax
Homeowners in Nevada pay about $1,500 a year in property taxes, well below the national average. Property taxes vary depending on a home’s assessed value and the local tax rates. On average, effective rates in Nevada are 0.77%. That means the average homeowner pays annual property taxes equal to 0.77% of their home’s market value. At the county level, that ranges from 0.47% to 1.04%.
If you're looking to escape unreasonably high property taxes, perhaps a home in Nevada is a purchase you should consider. If you’re looking to make a move to the Silver State, take a glance at our mortgage guide to better understand the details of getting a mortgage in Nevada.
Nevada Cigarette Tax
Smokers in Nevada pay the 17th-lowest cigarette tax in the country, according to the Campaign for Tobacco Free Kids. Tobacco taxes cost $1.80 per pack of 20 cigarettes in the Silver State, or nine cents per cigarette.
Nevada Alcohol Tax
Excise taxes on alcohol in Nevada depend on the alcoholic content of the beverage being sold. Beverages with 0.5% to 14% alcohol by volume (ABV), which includes most beer and many wines, pay a rate of 70 cents per gallon. From 14.1% to 22% ABV, the rate is $1.30 per gallon and from 22.1% to 80%, which includes most liquors, the rate is $3.60 per gallon. That is just the 38th-highest rate in the country, and adds up to about 71 cents on a fifth of alcohol. Sales tax still applies in addition to those excise tax rates.
Nevada Gas Tax
Whether you’re driving through Nevada or living their permanently, you’ll need to pay the state’s gas tax. The tax on regular gasoline is 10th highest in the country, at 33.78 cents per gallon. For a driver who goes 15,000 miles per year in a car that gets an average of 25 miles per gallon, that tax would cost just over $200 per year. The tax on diesel, however, is slightly lower at 28.56 cents per gallon.
Nevada Estate Tax
Nevada does not collect an estate tax. Although it did have a tax prior to the year 2005, that tax has been phased out. Likewise, there is no tax on inheritance in Nevada.
Photo credit: flickr
Places with the Lowest Tax Burden
Are you curious how your tax burden stacks up against others in your state? SmartAsset’s interactive map highlights the counties with the lowest tax burden. Scroll over any county in the state to learn about taxes in that specific area.
Where you live can have a big impact on both which types of taxes you have to pay each year and how much money you spend on them. SmartAsset calculated the amount of money a specific person would pay in income, sales, property and fuel taxes in each county in the country and ranked the lowest to highest tax burden.
To better compare income tax burdens across counties, we used the national median household income. We then applied relevant deductions and exemptions before calculating federal, state and local income taxes.
In order to determine sales tax burden we estimated that 35% of take-home (after-tax) pay is spent on taxable goods. We multiplied the average sales tax rate for a county by the household income less income tax. This product is then multiplied by 35% to estimate the sales tax paid.
For property taxes, we compared the median property taxes paid in each county.
For fuel taxes, we first distributed statewide vehicle miles traveled down to the county level using the number of vehicles in each county. We then calculated the total number of licensed drivers within each county. The countywide miles were then distributed amongst the licensed drivers in the county, which gave us the miles driven per licensed driver. Using the nationwide average fuel economy, we calculated the average gallons of gas used per driver in each county and multiplied that by the fuel tax.
We then added the dollar amount for income, sales, property and fuel taxes to rank the counties to calculate a total tax burden.