Nevada

 
 

The facts on Nevada’s Tax Climate

Nevada's Individual Income Tax System
Nevada levies no individual income tax, joining seven other states with the same policy: Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming.
50-State Table of Individual Income Tax Rates
50-State Table of State Individual Income Tax Collections
50-State Table of State and Local Individual Income Tax Collections Per Capita

Nevada's Corporate Income Tax System
Nevada levies no corporate income tax, joining three other states with the same policy: Nevada, South Dakota, and Wyoming.
50-State Table of Corporate Income Tax Rates
50-State Table of State and Local Corporate Income Tax Collections Per Capita
50-State Table of State Corporate Income Tax Collections Per Capita

Nevada Sales and Excise Taxes
Nevada levies a 6.85% general sales or use tax on consumers, which is above the national median of 6%. The average local sales tax rate is an additional 1.08%. Nevada's state and local governments collect $1054 per person in general sales taxes and $845 per person in excise taxes, for a combined figure of $1899, which ranks 5th highest nationally. Nevada's gasoline tax stands at 33.1¢ (12th highest nationally), while its cigarette tax stands at $0.8 (17th lowest nationally.)
50-State Table of State and Local General and Selective Sales Tax Collections Per Capita

Nevada Property Tax Collections Average
Nevada's state and local governments collected approximately $1297 per person in property taxes, which ranks 24th highest nationally.
State and local property tax collections per capita by state

Tax Freedom Day Arrives on April 14th in Nevada

Tax Freedom Day is the day when Americans finally have earned enough money to pay off their total tax bill for the year. In 2013, Nevada taxpayers worked until April 14th (21st latest nationally) to pay their total tax bill. The Tax Freedom Days of neighboring states are: California, April 24th (ranked 6th latest nationally); Oregon, April 15th (ranked 18th latest nationally); Idaho, April 9th (ranked 15th earliest nationally); Utah, April 13th (ranked 24th earliest nationally); and Arizona, April 5th (ranked 8th earliest nationally).

Nevada's State and Local Tax Burden Below National Average

Nevada's 2010 tax burden of 8.24% ranks 9th lowest out of 50 states, and is below the national average of 9.9%. Nevada's taxpayers pay $3297 per capita in state and local taxes.
Nevada's State-Local Tax Burden, 1977-Present
Other States' State/Local Tax Burdens
Map of U.S. Showing all State's Burdens and Ranks
Historical Chart Comparing All States' State/Local Tax Burdens from 1977 to 2009

Nevada's 2013 Business Tax Climate Index Ranks 3

Nevada ranks 3rd in the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes, and taxes on property, including residential and commercial property. The ranks of neighboring states are as follows: California, 48th, Oregon, 13th, Idaho, 20th, Utah, 10th, and Arizona, 25th.
50-State Comparison of Business Tax Climates (data only)
2013 State Business Tax Climate Index (full study)

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