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Mansions for Sale in Nevada
Average Mansion and Luxury Home Prices in Nevada
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Las Vegas |
Clark |
NV |
911,200 |
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Genoa |
Douglas |
NV |
709,250 |
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Incline Village |
Washoe |
NV |
705,000 |
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General
Nevada is located in the western region of the United States. The capital is Carson City, Nevada and the largest city is Las Vegas. The state's nickname is the "Silver State," due to the large number of silver deposits that were discovered and mined there. In 1864, Nevada became the 36th state to enter the union, and the phrase "Battle Born" on the state flag reflects the state's entry on the Union side during the American Civil War. Its first settlement was called Mormon Station.
Nevada is the seventh-largest state in area, and geographically covers the Mojave Desert in the south to the Great Basin in the north. Approximately 86% of the state's land is owned by the U.S federal government under various jurisdictions both civilian and military. As of 2006, there were about 2.6 million residents, with over 85% of the population residing in the metropolitan areas of Las Vegas and Reno. The state is well known for its easy marriage and divorce proceedings, entertainment, legalized gambling and, in 8 out of its 16 counties, legalized active brothels.
Economy
The Bureau of Economic Analysis estimates that Nevada's total state product in 2007 was $127 billion. Resort areas such as Las Vegas, Reno, Lake Tahoe, and Laughlin attract visitors from around the nation and world. The state's Per capita personal income in 2007 was $39,853, ranking sixteenth in the nation. Its agricultural outputs are cattle, hay, alfalfa, dairy products, onions, and potatoes. Its industrial outputs are tourism, mining, machinery, printing and publishing, food processing, and electric equipment. Prostitution is legal in parts of Nevada in the form of brothels, but only counties with populations under 400,000 residents have the option to legalize it. Of the counties that can legalize it, they may choose to outlaw it if they wish, as some have. Prostitution is illegal and offenders are prosecuted in Clark County (which contains Las Vegas), Washoe County (which contains Reno), and several other counties around the state.
Taxes
Nevada is also one of only a few states with no personal income tax and no corporate income tax. The state sales tax in Nevada is 6.5%. Counties can assess option taxes as well, making the combined state/county sales taxes rate in some areas as high as 7.75%. Sales tax in Carson City is 7.125% in Clark County 7.75%, in Washoe County 7.375%, while sales tax in Douglas County is 6.75%.
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