Nevada offers one of the most business-friendly tax environments in the United States.
Sales Tax: Nevada does not charge sales tax on food items for home use, medicine, or services.
Property Tax: $3.1015 (Weighted Average) per $100 assessed value (assessment ratio 35%)* * Weighted average for Clark County. Actual dollar amounts vary by township/city with a cap of $3.64 per $100.00 of assessed valuation, plus 2 cents added to the state debt component for capital projects, for a total of $3.66.
Modified Business Tax: No tax on gross wages less than $50,000 per calendar quarter and 1.45 percent on gross wages above $50,000 per calendar quarter.
The Commerce Tax was enacted by the Legislature in 2015. This tax applies to businesses with annual gross receipts in excess of $4 million. Rates vary by industry type. Fifty percent of a businesses’ commerce tax can be applied as a credit against the modified business tax. The tax is paid annually and begins to accrue on July 1, 2015, but is not first payable until August 15, 2016.