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Nevada
Taxes
Nevada
is a tax friendly state for retirement. It
has a 6.86% state sales tax (food and prescription drugs
are exempt) but no income tax so Social Security is not
taxed. When it comes to property taxes, real
estate is assessed at 35% of fair market value, and
resident homeowners age 62 or better who earn less than
$28,678 per year may receive a tax rebate of $500 or up
to 90% of the taxes paid.
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Reno Population: 218,000
| Percentage Age 45 or Better: 32%
| Cost of Living: 10% Above U.S.
Average | Crime Rate: Above
U.S. Average
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Promenade on
the River
525 Court
Street, Reno, Nevada
89501
(775)
786-8853
84 luxury apartments
Age
Restriction: 55+
Priced from $1,935 per
month
Web
Site
Full kitchens, washers and
dryers, spa, library, art
studio, restaurants, atrium,
gardening area
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Nevada Stats:
Population, year 2009 estimate - 2,643,085
Persons 65 years old and over, year 2009 - 11.6%
High school graduates, percent of persons age 25+, year 2000
- 80.7%
Bachelor's degree or higher, pct of persons age 25+, year
2000 - 18.2%
Persons of Hispanic or Latino origin, percent, year 2009 - 26.5%
White persons, not Hispanic, percent, year 2009 - 58.5%
Median household income, year 2008 - $56,432
Social Security taxed? No
Source: U.S. Census Bureau
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