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Taxes Las Vegas / Nevada

TAX STRUCTURE

Effective July 1, 2009, Clark County assesses a 8.10% sales and use tax, exempting food for home consumption and prescribed medical goods.

Nevada is proud to have the lowest overall 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.

There is NO PERSONAL INCOME TAX in Nevada!

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.

 

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