Nevada does not levy an individual income tax. More on the Silver State's taxes can be found in the tabbed pages below.
Income
Sales
Property
Estate
Other
Personal income tax
The Nevada Department of Taxation
does not levy a state income tax.
Sales tax
The state sales tax in Nevada is
6.5 percent.
Counties can assess option
taxes as well, making the combined state/county sales taxes
rate in some areas as high as 7.75 percent.
Personal and real property taxes
The Locally Assessed Properties
Section oversees and monitors the quality of property assessments
performed by county assessors. See the Nevada state Web site for details on how property taxes are collected in Nevada.
Nevada law provides for the partial abatement of property taxes based on the type of property. The sunset date for the additional 2 cents in property tax is June 30, 2009. Details on
the changes, along with 2007-2008 property tax rates, can be
found in the annual Redbook.
Links
to individual Nevada county treasurer
and tax assessor Web sites can
be found on the Department of
Taxation Web
site. Typically the assessor's
online data will include the assessed
value on the county tax roll,
while the county treasurer's Web
site will detail the taxes generated
from the tax roll.
The Nevada
Division for Aging Services
administers the Senior
Citizens Property Tax Assistance
Act, which provides relief
to eligible senior citizens who
are found to be carrying an excessive
residential property tax burden
in relation to their income. Refunds
are on the home's property taxes
and the homeowner's income.
Inheritance and estate taxes
There is no inheritance tax in Nevada.
Because
of the phaseout of the federal
estate tax, Nevada does not
require filing for decedents
whose date of death was Jan.
1, 2005, or after. If the
federal estate tax credit is reinstated, Nevada will require
filing at that time.
Other Nevada tax facts
Nevada taxpayers can get assistance in person at one of the Department of Taxation's branch offices.
For more information, visit Nevada's Department of Taxation Web
site.
To download
tax forms on this site, you will need to install a free copy
of Adobe Acrobat Reader. See Adobe.com for instructions.
