Nevada has fewer taxes and a lower tax burden than in most states.
That’s why Nevada is considered a tax haven.
NO PERSONAL INCOME TAX
NO FRANCHISE TAX
NO CORPORATE INCOME TAX
NO UNITARY TAX
NO SPECIAL INTANGIBLE TAX
NO CHAIN STORE TAX
NO ADMISSIONS TAX
NO INVENTORY TAX
NO INHERITANCE, ESTATE OR GIFT TAX
The county appraiser assesses Twenty percent of Washoe County property annually. The tax assessor determines the taxable value, which is shown on the current tax rolls. The assessed value is determined by taking 35% of the taxable value, then multiplying by the current tax rate. Property taxes are not reassessed upon sale or purchase. Our current tax rate for Incline Village is 3.2822.
The following may help:
35% of $1,000,000 = $350,000 Assessed Value
$350,000 X 3.2822% = $11, 487 Current Taxes
Washoe County transfer tax is equal to $4.10 per thousand dollars of sales price.
Sales Price example:
$150,000 X $4.10/$1,000 = $615.00 transfer tax