Nevada's Tax Structure

Nevada's tax structure is designed to benefit both businesses and is considered one of the most pro business environments in the nation.

Business Tax

A tax is levied on businesses operating within the state of Nevada.

Property Tax

All property tax is assessed at 35% of appraised or market value. The state limits the rate of property tax at a total of $2.8965 for each $100 of assessed valuation.

Lyon County Sales and Use Tax

Lyon County has a 6.5% sales and use tax. Sales tax is imposed at a retail level. Use tax is imposed on tangible personal property that was purchased for storage or use in Nevada and on which state and sales tax was not paid at the time of purchase.

Unemployment Compensation Tax

New employers generally pay 3% of the statewide average wage paid to an employee during a calendar year. After the first 14 calendar quarters, an employer will be assigned a rate ranging from .3 to 5.4 percent, depending on the number of employees and the firms' unemployment records.

Corporate Fee

Nevada is one of the most advantageous states for incorporation. Corporations are formed by filing Articles of Incorporation with the Secretary of State.