The Nevada Department of Taxation does not levy a state income tax. The state sales tax in Nevada is 6.5 percent.
Counties can assess option taxes as well.
Taxable items include business property, personal property and aircraft. The local government's budget must be adopted no later than June 1 and each June the Nevada Tax Commission approves the property tax rates based on the budgets submitted by the local governments. The assessor estimates the land's full cash value by considering its location, zoning, actual use, etc. Land values are estimated from market sales or other recognized appraisal methods. The taxable value of buildings is the estimated replacement cost new less depreciation.