Moving to Las Vegas: Is Nevada a good state for retirement?
Definitely, Nevada is a good state for retirement. For retirees, Nevada’s tax environment poses as one of the top reasons to retire in the Silver State.
The amount of money you pay in taxes is important to everyone, particular to people who have been working 30, 40, 50+ years and want to enjoy the money that they have earned. Nevada’s tax structure is beneficial for retirees:
Property taxes are only based on 35% of Fair Market Value (most states base it on 100%) Nevada’s homestead exemption protects up to $550,000 of equity in your home.
Since Nevada has no state income tax, retirement income is not taxed Nevada has no inheritance tax Nevada has no estate tax.
Nevada has plenty of beautiful landscapes, outdoor activities, golf courses, fine dining, and shows that many retirees will find appealing.