Nevada
State income tax: None
Average local sales tax: 8.14%
Gas taxes and fees: 34 cents per gallon
The Silver State is another no-income-tax haven. Also, the property tax on Nevada’s median home value of $191,600 is $1,478, 16th-lowest in the U.S. Gas taxes are the same as the national average of 34 cents per gallon.
Nevada receives more than $1.4 billion in taxes and fees annually from the casino industry. Still, Nevada relies on sales taxes to pay the bills. The average combined state and local sales tax rate is 8.14%. Food and prescription drugs are exempt from the state’s sales tax, but counties may tack on as much as 1.42%.
In addition to sales taxes, vehicle owners are charged an annual “government services tax” that’s based on the vehicle’s value and age. The tax on a two-year-old vehicle with an original sticker price of $20,000, for example, is $238.
1 thought on “10 Tax-Friendly States for a Better Life in the U.S.”
Interesting that Texas, with NO state income tax, a rather low rate of other taxes isn’t mentioned. Could be because it, unlike the other states, is Republican run. Could it?