Want to know the current sales tax rate in Las Vegas Nevada? A smart retiree looking to relocate will do a lot of research before setting their minds on a new place to live. One of the things they should research, of course, are Las Vegas sales tax rate statistics.
Las Vegas Sales Tax Rate
Las Vegas and its surrounding suburbs have become a major hotbed for retirees in recent years. This is due to a number of reasons: the climate, the great outdoors, the entertainment, and the comparatively low cost of living.
Currently (as of 2020), the sales tax rate in Las Vegas, Nevada is 8.38%. However, this is a combined rate with Clark County charging 3.78% and a Nevada sales tax rate of 4.6%.
To put the Vegas sales tax in perspective, Las Vegas is on the higher end of the national average, but still lower than others. Consumers in California are hit with a base sales tax of 7.25%, with local sales taxes increasing this total, the highest rates hitting 10.5%. Illinois and New York are notorious for their sales tax rates. Tennessee is also high, with a county and state average of 9.53%.
It’s worth noting that the Las Vegas sales tax rate is cushioned by a non-existent individual state income tax. This means that income you generate or money you receive from retirement accounts will be 100% state tax-free.
It’s important to know how far your dollar will stretch when you go shopping for food, medicine, groceries, etc., which is why we put together this article covering the sales tax rate in Las Vegas, Nevada. After all, who doesn’t like transparency on their receipts and bills?
Combine this with the benefit of living in such an amazing and exciting area, and Las Vegas becomes a relatively inexpensive and rewarding option.
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