FACT BRIEF

Does Nevada have one of the lowest tax burdens in the US?

By Austin Tannenbaum on 02/24/2023

Although Nevada has a below-average tax burden, it is not typically ranked as one of the lowest among states.

Nevada does not levy an individual or corporate income tax — a point in its favor as one of nine states with such an exemption. The state also has a low property tax burden.

But Nevada recoups lost revenue from these sources with the second highest sales tax rate in the country as a share of personal income, according to WalletHub.

Overall, Nevada holds respectable, but not exceptional spots in tax-burden rankings:

This Fact Brief is responsive to conversations such as this one.

Sources

Investopedia 9 States With No Income Tax

WalletHub Tax Burden by State

Tax Foundation State and Local Tax Burdens, Calendar Year 2022

CNN Money: Taxes state by state

The Nevada Independent is a proud participant in The Gigafact Project — an initiative to safeguard democracy and spread accurate information.
Have you seen a claim online that you want fact-checked? Send us a link here.

Notice something wrong? Drop us a message at [email protected].