Nevada Recommended Spending Percentages
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FAQ
Nevada runs on sales tax. In Nevada, 58% of tax revenue came from general sales tax, 24.4% from selective sales tax, 6.7% from licenses, 3.7% from property tax, 1.3% from severance and 7.9% from other tax sources.
Nevada has state sales tax of 4.6%, and allows local governments to collect a local option sales tax of up to 3.55%. There are a total of 34 local tax jurisdictions across the state, collecting an average local tax of 3.357%.
The biggest areas of expenditures are in the core functions of health and human services ($13.1 billion, roughly 44.5 percent of the budget), education ($7.1 billion, or about 24.2 percent of budget), and infrastructure ($2.6 billion, around 8.9 percent of the budget).
Nevada does not have an individual income tax. Nevada does not have a corporate income tax but does levy a gross receipts tax. Nevada has a 6.85 percent state sales tax rate, a max local sales tax rate of 1.53 percent, and an average combined state and local sales tax rate of 8.23 percent.
The table below notes what share of Nevada's general revenues came from the federal government in 2014. That year, Nevada received approximately $2.8 billion in federal aid, 24.8 percent of the state's general revenues.
The minimum combined 2022 sales tax rate for Las Vegas, Nevada is 7.5%. This is the total of state, county and city sales tax rates.
Nevada Sales Tax Nevada's statewide sales tax rate of 6.85% is seventh-highest in the U.S. Local sales tax rates can raise the sales tax up to 8.375%.
Slightly more than two-thirds (67 percent) of the General Fund finances two departments: the Department of Health and Human Services accounts for 31.2 percent of the General Fund, and the Department of Education accounts for 35.8 percent of the General Fund.
Nevada's General Fund revenues are derived from several sources. Sales and Use Taxes make up the largest source of revenue in the General Fund and the State 2% Sales Tax the largest major fund source, at approximately $2.6 billion over the biennium, for 29.0 percent of the total.
