Nevada has no state income tax, meaning you pay $0 in state capital gains tax. You still owe federal capital gains tax.
NV State Rate
0%
No state income tax
Federal Rate
15%
Most common long-term bracket
Combined Effective
18.8%
On $150K taxable gain (example)
After the $250K/$500K exclusion, here's what a typical seller might owe.
If Nevada is where your primary residence is located and you've lived there at least 2 of the last 5 years, you can exclude up to $250K (single) or $500K (married filing jointly) of your capital gain from both federal and state taxes.
Investment and rental properties in Nevada don't qualify for the exclusion. You'll owe 0% state tax plus federal tax on the full gain, plus 25% depreciation recapture on any depreciation claimed.
In Nevada, homes sold in January sell for 11% more than those sold in August (-7%). Timing your sale right can offset a significant portion of your tax bill.
Capital gains tax rates on home sales in Nevada and nearby states.
| State | Rate | Tax on $150K Gain | Notes |
|---|---|---|---|
Nevada0%You | 0% | $0 | No state income tax |
| 2.5% | $3,750 | Flat tax rate | |
| 4.65% | $6,975 | Flat tax rate | |
| 5.695% | $8,543 | Flat tax rate | |
| 9.9% | $14,850 | Top marginal rate | |
| 13.3% | $19,950 | Highest in nation; taxed as ordinary income |
Nevada has no state income tax, meaning zero capital gains tax on home sales. This makes Nevada one of the most tax-friendly states for real estate transactions.
The Las Vegas metro and Reno-Sparks area are the primary markets. Both have seen significant appreciation, particularly from California transplants seeking tax relief.
While Nevada has no income tax, it does have a real property transfer tax of $1.95 per $500 of value, plus county-specific additional taxes that can add another $0.65-$1.55 per $500.
Nevada's zero tax rate has made it a popular destination for establishing domicile before selling appreciated assets.
Offering buyer concessions?
Our sister tool helps you model different scenarios and maximize your position.