Las Vegas Real Estate - Nevada Tax Information

There is NO PERSONAL INCOME TAX in Nevada!

The state sales tax in Nevada is 6.5 percent.

Counties can assess option taxes as well, making the combined state/county sales taxes rate in some areas as high as 7.5 percent.

Clark County assesses a 7.125% sales and use tax, exempting food for home consumption and prescribed medical goods.

Nevada is proud to have the lowest tax rate of any state in the nation.  With NO state income, inheritance, gift, or estate, franchise, inventory or corporate taxes are levied, Nevada leaves your money where it belongs, in your pocket.

Nevada's Freeport Law exempts from all taxation materials or goods stored in the state for later shipment.

Property Tax:

The Clark County Assessor determines taxable value of each parcel of improved and unimproved property in the county, and that value is multiplied by 35% to obtain the assessed value.  To figure the property tax, multiply assessed value by the tax rate: $2.0380-$2.9307 per $100 of assessed valuation.  Tax rates are formulated by various governmental boards in each municipality and county.

Las Vegas' favorable tax climate makes it an ideal place for living, working and operating a business.

Nevada Tax Information - Government

Provides tax information for first-time homeowners including how you treat items such as settlement and closing costs, real estate taxes, home mortgage interest, and repairs.

CLARK COUNTY TAX RATES

In Clark County there are currently 88 tax districts. The tax rates for these districts are based on the amount of monies budgeted for the necessary maintenance and improvements of their facilities and services. The tax monies collected for the districts pay for schools, police and fire protection, along with other services that taxpayers demand and desire from their local government. These tax rates vary depending on the type of services provided to an area.

Note: Click on the link to view the breakdown of the tax rates for that tax district or click here.