Taxes in Nevada

Nevada offers residents a mountain of tax savings, especially for retirees. There is no state income tax and property taxes are low, but sales taxes are a bit high. Below, we explain various Nevada state taxes affecting retirement income, such as sales tax, inheritance tax, and property taxes. We’ve also provided details about tax credits, exemptions, relief programs, and retirement-related tax breaks.

For information regarding taxes in other states, see Retirement Taxes by State.

Nevada Tax Rates

State Sales Tax	6.85%
Avg State/Local Sales Tax	8.23%
Gas Tax	$0.23 per gallon
Diesel Tax	$0.27 per gallon
Cigarette Tax	$1.80 per pack
Income Tax	0%
Effective Tax Rate:	0%
Property Tax	0.60%
Social Security Tax	None
Medical/Dental Deduction:	Federal Amount
Federal Income Tax Deduction:	None
Retirement Tax	None

Nevada State Taxes Explained

Nevada Sales Tax

6.85% state levy. Local sales tax may increase that amount by up to 1.53%. Most goods and services are taxed in Nevada, except for prescription drugs.

Nevada Income Taxes

Nevada has no state income tax.

Nevada Property Taxes

Nevada’s effective property tax rate is 0.60%, or $1,614 on a $276,900 home, which is the median home value in the state. Veterans and their surviving spouses, blind persons and taxpayers with disabilities are eligible for property tax breaks. There are no property tax breaks for seniors. See Nevada Property Tax: Elements and Applications for up-to-date information.

Nevada Retirement Taxes

Nevada does not tax retirement income, which means retirees can keep more of their paycheck.

Nevada Estate and Inheritance Taxes

There is no inheritance tax and no estate tax in Nevada.

For further information, visit the Nevada Department of Taxation site.