State taxes: Nevada
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Nevada does not levy an individual income tax. More on the Silver State’s taxes can be found in the tabbed pages below.
Personal income tax
The Nevada Department of Taxation does not levy a state income tax.
The state sales tax in Nevada is 6.85%.
Counties can assess option taxes as well, making the combined state and county sales taxes rate in some areas as high as 8.1%.
Personal and real property taxes
The Real Property Transfer Tax is a tax collected when an interest in real property is conveyed. It is collected by the county recorder at the time of recording. A Declaration of Value form is required to be completed, so the tax can be calculated. The rate varies among counties.
The Division of Assessment Standards oversees the collection process, including determination of exempt transactions, and audits the records of the county recorders.
Local property taxes are billed by your local county assessor and/or treasurer. Questions regarding billings should be addressed to your local county assessor/treasurer.
Individual Nevada county treasurer and tax assessor offices administer property taxes. Typically the assessor’s online data will include the assessed value on the county tax roll, while the county treasurer’s website will detail the taxes generated from the tax roll.
Details on property taxes can be found in the state’s annual report known as the Redbook.
Inheritance and estate taxes
There is no inheritance tax in Nevada.
Because of the phaseout of the federal estate tax, Nevada does not require an estate tax 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 website.
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