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Nevada
By the Numbers

Nevada Below is a snapshot of key features of Nevada's tax system. (Scroll Down)
State & Local Revenue (FY10)
  • General Revenue, Own-Source (GROS): $14.6 billion
  • General Revenue as a Share of Income: 15.1%
  • Tax Revenue: $10.1 billion
  • Tax Revenue as Share of income: 10.5%
  • Personal Income Tax (Share of Tax Revenue): 0.0% (47 out of 51)
  • Corporate Income Tax (Share of Tax Revenue): - % ( 49 out of 51)
  • Sales & Excise Tax (Share of Tax Revenue): 50.5 % ( 6 out of 51)
  • Property Tax (Share of Tax Revenue): 34.5 % ( 25 out of 51)
  • Other Taxes (Share of Tax Revenue): 13.5 % (7 out of 51)
Personal Income Tax Features (2012)
  • Range of Tax Rates: N/A
  • Standard Deduction: N/A
  • Personal Exemption: N/A
  • Dependent Exemption: N/A
  • Earned Income Tax Credit (EITC): None
  • No broad based personal income tax
Corporate Income Tax Features (2012)
  • Range of Tax Rates: N/A
  • Income Level at Which Top Rate Applies: N/A
  • Combined Reporting: N/A
  • Apportionment Factor (Payroll): N/A
  • Apportionment Factor (Property): N/A
  • Apportionment Factor (Sales): N/A
Sales Tax Features (2012)
  • State Sales Tax Rate: 6.85%
  • Average Local Sales Tax Rate: 1.00%
  • Average Combined State & Local Sales Tax Rate: 7.85%
  • State Sales Tax Treatment of Groceries: Exempt
  • Local Sales Tax Treatment of Groceries: Exempt
  • Number of Services Taxed: 77 out of 168 surveyed (2007)
  • Streamlined Sales Tax Membership: Full
  • State sales tax rate scheduled to decline to 6.5% in 2011
  • Vendor Compensation available without ceiling
Property Tax Features (2012)
  • Property tax based on value of land plus "depreciated replacement value" of improvements
  • Localities' property tax revenue increases capped at 6% per year.
  • Levies a car tax.
Other Tax & Revenue Features (2012)
  • Gasoline Tax Rate (per gallon): $0.331
  • Diesel Tax Rate (per gallon): $0.286
  • Cigarette Tax Rate (per pack): $0.80
  • Estate or Inheritance Tax: No
  • Net Lottery Sales Per Capita: N/A
Tax Policy Oversight
  • Tax Expenditure Report: None
  • Tax Incidence Analysis Capability: None

Last Updated October 4, 2012

Sources & Glossary