Overview of Nevada Taxes
Nevada has no state income tax. The average property tax rate for the state is lower than the national average. Retired? Use our Retirement Income Tax Calculator.
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Your Income Taxes Breakdown
| Tax Type | Marginal Tax Rate | Effective Tax Rate | 2018 Taxes* |
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| FICA | |||
| State | |||
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| Total Income Taxes | |||
| Income After Taxes | |||
| Retirement Contributions | |||
| Take-Home Pay |
* These are the taxes owed for the 2018 - 2019 filing season.
Changes to Your Federal Income
Taxes Under the 2018 Tax Reform
- Your marginal federal income tax rate
- Your effective federal income tax rate
- Your federal income taxes
Total Estimated 2018 Tax BurdenIncome Tax $ Sales Tax $ Fuel Tax $ Property Tax$ 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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Taxes in Nevada
Nevada State Tax Quick Facts
- Income tax: None
- Sales tax: 6.85% - 8.265%
- Property tax: 0.69% average effective rate
- Gas tax: 33.78 cents per gallon of regular gasoline, 28.56 cents per gallon of diesel
Taxpayers in Nevada enjoy one of the most tax-friendly 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.
A financial advisor in Nevada can help you understand how taxes fit into your overall financial goals. Financial advisors can also help with investing and financial plans, including retirement, homeownership, insurance and more, to make sure you are preparing for the future.
Nevada Income Taxes
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. Of course, 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. 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.
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
The median amount of property taxes paid in Nevada is roughly $1,500, 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 0.69%. That means the average homeowner pays annual property taxes equal to 0.69% of their home’s market value. Of course, your own effective property tax rate will vary by county; average county rates range from 0.44% to 1.05%.
If the low property taxes have you considering 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 22nd-lowest cigarette tax in the country, according to the Campaign for Tobacco-Free Kids. Tobacco taxes cost $1.80 per pack of 20 cigarettes, 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 between 16 and 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 17th 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 is slightly lower, at 28.56 cents per gallon.
Nevada Estate Tax
Nevada does not collect an estate tax. Although it did have one prior to the year 2005, it has been phased out. Likewise, there is no tax on inheritance in Nevada.
- Over 80% of the land area of Nevada is managed by branches of the U.S. federal government, including the U.S. military and the Department of Agriculture.
- If it were a country, Nevada would be the world’s fourth largest producer of gold.
- There are nearly 200,000 slot machines in Las Vegas and over 1,500 licensed gambling places.
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.
Methodology
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 calculate a total tax burden. Finally, we created the Tax Burden Index in order to show how each county in the country compares to the county with the lowest tax burden (that is the county with a Tax Burden Index of 100).
Sources: US Census Bureau 2017 American Community Survey, Government Sources, Avalara, American Petroleum Institute, GasBuddy, UMTRI, Federal Highway Administration, SmartAsset
