{"id":194,"date":"2012-06-29T21:31:26","date_gmt":"2012-06-29T21:31:26","guid":{"rendered":"http:\/\/www.websitefix.net\/clients\/Generic\/?page_id=194"},"modified":"2018-11-15T19:46:57","modified_gmt":"2018-11-15T19:46:57","slug":"state-tax-system","status":"publish","type":"page","link":"https:\/\/www.sunraydirect.com\/Reno3\/?page_id=194","title":{"rendered":"State Tax System"},"content":{"rendered":"
\n
\n
\n

TAX & LICENSE \/ STATE TAX SYSTEM<\/strong><\/p>\n

One of the most desirable features for new residents and businesses alike is the Nevada tax structure. Anchored by revenues from tourism, the state does not impose taxes on personal income, corporate income, franchise, gifts, inheritance, or inventory. The neighboring state of California collects all these taxes, a fact that has contributed to Nevada\u2019s status as a preferred location for new businesses. Nevada residents and businesses enjoy light tax burdens compared to those living in other Western states, since the majority of tax revenues tend to be derived from tourist gaming expenditures. For details on taxes, contact the Las Vegas office:<\/p>\n

Department of Taxation<\/strong>
\n555 E. Washington Avenue
\nLas Vegas 702-486-2300
\nwww.tax.state.nv.us<\/a><\/p>\n

 <\/p>\n

Nevada Tax Structure<\/strong><\/p>\n

Personal Income Tax<\/strong>
\nNone<\/p>\n

Inheritance Gift Taxes<\/strong>
\nNone<\/p>\n

Local Earnings Taxes<\/strong>
\nNone<\/p>\n

 <\/p>\n

Property Tax<\/strong>
\nNevada\u2019s constitutional limit on property tax is $5 per $100 of assessed valuation while the statutory limit is $3.64 per $100. Ad valorem (according to value) property taxes are administered by the Department\u2019s Division of Assessment Standards and local county assessors. These taxes apply to every property type, although the Nevada Revised Statutes now offers an exemption for some properties. For example, household goods owned by a single family are exempt from personal property tax. For answers to specific questions on property taxes contact your local county assessor office.<\/p>\n

Carson City Assessor<\/strong>
\n201 North Carson Street
\nCarson City 775-887-2130
\nwww.carson-city.nv.us\/Index.aspx?page=85<\/a><\/p>\n

Douglas County Assessor<\/strong>
\nPO Box 218
\nMinden 775-782-9830
\nhttp:\/\/assessor.co.douglas.nv.us<\/a><\/p>\n

Lyon County Assessor<\/strong>
\n27 S. Main Street
\nYerington\u00a0 775-463-6524
\nwww.lyon-county.org\/index.asp?nid=55<\/a><\/p>\n

Washoe County Assessor<\/strong>
\n1001 E. 9th Street
\nReno\u00a0 775-328-2200
\nwww.co.washoe.nv.us\/assessor<\/a><\/p>\n

 <\/p>\n

Sales and Use Tax<\/strong>
\nSales taxes are imposed at the retail level, while the use tax is imposed on tangible personal property purchased for storage or use in Nevada\u00a0 (only when Nevada sales tax was not paid at the time of purchase). The Nevada sales\/use tax rate is 6.5 percent, although counties and jurisdictions are allowed to increase this amount. Specific tax rates levied by city and county governments are available online at the tax department\u2019s website.<\/p>\n

 <\/p>\n

Real Property Transfer Tax<\/strong>
\nThe RPTT tax is collected by the county recorder at the time that an interest in real property is conveyed. The tax is based on the selling price or estimated market value of the property. The state also adds $1.30 per $500 of value to the total tax.<\/p>\n

 <\/p>\n

Alcohol & Cigarette Taxes<\/strong>
\nCigarette packs are taxed at the rate of 80 cents\/pack. A 30 percent tax is also imposed on tobacco products on the wholesale level. Alcohol excise taxes range from $.16 to $3.60 per gallon and vary with the alcohol content of the product.<\/p>\n

 <\/p>\n

Estate Tax<\/strong>
\nThe amount of tax is the maximum state credit that is allowable against the federal estate tax.<\/p>\n

Gasoline Tax<\/strong>
\nGasoline and gasohol are taxed at 23 cents per gallon, with county tax additions from 5 to 10 cents per gallon.<\/p>\n

 <\/p>\n

Motor Vehicle Registration Taxes<\/strong>
\nDetails or answers to specific questions on current tax rates and fees are available from the Carson City central office:<\/p>\n

Department of Motor Vehicles<\/strong>
\n775-684-4830
\nwww.dmvnv.com<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

TAX & LICENSE \/ STATE TAX SYSTEM One of the most desirable features for new residents and businesses alike is the Nevada tax structure. Anchored by revenues from tourism, the state does not impose taxes on personal income, corporate income, franchise, gifts, inheritance, or inventory. The neighboring state of California collects all these taxes, a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.sunraydirect.com\/Reno3\/index.php?rest_route=\/wp\/v2\/pages\/194"}],"collection":[{"href":"https:\/\/www.sunraydirect.com\/Reno3\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.sunraydirect.com\/Reno3\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.sunraydirect.com\/Reno3\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sunraydirect.com\/Reno3\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=194"}],"version-history":[{"count":5,"href":"https:\/\/www.sunraydirect.com\/Reno3\/index.php?rest_route=\/wp\/v2\/pages\/194\/revisions"}],"predecessor-version":[{"id":528,"href":"https:\/\/www.sunraydirect.com\/Reno3\/index.php?rest_route=\/wp\/v2\/pages\/194\/revisions\/528"}],"wp:attachment":[{"href":"https:\/\/www.sunraydirect.com\/Reno3\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}