 The incentives of doing business in Nevada and Lander County are expansive. Nevada boasts one of the most liberal tax structures in the nation and from a tax-planning perspective, the return on investment in the form of tax saving dollars can be enormous.
Nevada has no personal state income tax, no unitary tax, no corporate income tax, no inventory tax, no estate and/or gift tax, no franchise tax, no inheritance tax, and no special intangible tax.
Businesses that invest in Lander County can obtain deferrals or abatements on sales & use taxes, property taxes and business tax. Employee training grants are also available. Criteria includes capital investment, job creation and wages. To find out more, download the following document:
Nevada Commission on Economic Development: Business Location Incentives
Sales Tax Rate In Lander County the sales tax rate is 7.10%. (There is not tax on grocery items.)
Property Tax Rate In Lander County, the 2006-07 average county-wide tax rate is 3.3675%.
Real Property Taxes The formula for calculating real property tax is as follows:
Taxable Value x .35 = Assessed Value
Assessed Value x Tax Rate = Total Real Property Tax
Personal Property Taxes Use the following formula to calculate the assessed value. The assessed value is the value on which taxes are calculated.
Actual Cost x Cost Index (for appropriate year) = Cost of Replacement
Cost of Replacement x Percent Good = Taxable Value
Taxable Value x .35 = Assessed Value
Assessed Value x Tax Rate = Total Personal Property Tax
Impact Fees Currently, Lander County does not have any commercial impact fees.
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