How does Nevada’s tax code compare? Nevada does not have an individual income tax. Nevada does not have a corporate income tax but does levy a state gross receipts tax. Nevada has a 6.85 percent state sales tax rate and an average combined state and local sales tax rate of 8.24 percent. Nevada has a 0.44 percent effective property tax rate on owner-occupied housing value.
Nevada does not have an estate tax or inheritance tax. Nevada has a 23.81 cents per gallon gas tax rate and a $1.80 cigarette excise tax rate. The State of Nevada collects $5,080 in state and local tax collections per capita. Nevada has $8,925 in state and local debt per capita and has an 82 percent funded ratio of public pension plans. Nevada’s tax system ranks 17th overall on the 2025 State Tax Competitiveness Index.
Each state’s tax code is a multifaceted system with many moving parts, and Nevada is no exception. The first step towards understanding Nevada’s tax code is knowing the basics. How does Nevada collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, Facts & Figures 2024: How Does Your State Compare?
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The State Tax Competitiveness Index enables policymakers, taxpayers, and business leaders to gauge how their states’ tax systems compare. While there are many ways to show how much state governments collect in taxes, the Index evaluates how well states structure their tax systems and provides a road map for improvement.
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Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.
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Tax burdens rose across the country as pandemic-era economic changes caused taxable income, activities, and property values to rise faster than net national product. Tax burdens in 2020, 2021, and 2022 are all higher than in any other year since 1978.
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Graduated corporate rates are inequitable—that is, the size of a corporation bears no necessary relation to the income levels of the owners.
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