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Tax Summary
- Nevada has no state income tax.
- Sales tax in Nevada is 6.5% plus any local levies, up to as much as an additional 1%
- Property taxes are based on 35% of full market value of property. Appraisals are done once every five years.
- There is a Senior Citizens Property Tax Assistance Refund available for those over 65 who pay a disproportionate amount of real property taxes.
- Property taxes are assessed on all real and personal property. There are some exemptions, which include:
- Business inventory
- Livestock
- Bees
- Pipe and agricultural equipment
- Boats and campers
- Computers and related hardware donated to schools
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