Nevada retirement taxes in 2026: no income tax, the 3% cap and veteran exemptions
Short answer
Nevada has no state income tax, so Social Security, pensions, IRAs, 401(k)s and military retired pay are not taxed. Property taxes are low, about 0.50% of home value a year, and the tax on an owner-occupied primary home can rise no more than 3% a year. Disabled veterans rated 60% or higher get a property tax exemption, but it's a set amount, not a full exemption: up to $36,400 of assessed value at 100% (fiscal year 2026–27).
Not tax advice. Rules change; confirm with your county assessor or a tax professional.
Nevada at a glance (2026)
| Nevada | |
|---|---|
| State income tax | None |
| Social Security, pensions, IRA, 401(k) | Not taxed |
| Military retired pay and SBP | Not taxed |
| Yearly tax increase cap, owner-occupied home | 3% (FY 2026–27) |
| Senior property tax exemption | No statewide program found; ask your county assessor |
| Veteran (wartime service) exemption | $3,640 of assessed value |
| Disabled veteran exemption | $18,200 (60–79%), $27,300 (80–99%), $36,400 (100%) of assessed value |
| Average property tax | About 0.50% of home value a year |
Income tax
None. Social Security, pensions, IRA and 401(k) withdrawals, military retired pay, the Survivor Benefit Plan and TSP aren't taxed. Source: U.S. Army, MyArmyBenefits, Nevada page (reviewed June 2026).
The 3% cap on your home's tax
The property tax on an owner-occupied primary residence can rise by no more than 3% a year (fiscal year 2026–27). Other property is capped at 7.9% to 8.0%. Only one primary residence in the state gets the 3% cap. In Clark County, return the assessor's postcard to keep it: recording a new deed or trust transfer removes the 3% cap until you file again. New construction has no cap in its first year. Sources: Nevada Department of Taxation, 2026–27 tax cap (Mar 2026); Clark County Assessor, tax abatement.
Seniors
We found no current statewide property tax exemption or rebate for seniors in Nevada. The state's senior rebate program was defunded in 2011. Ask your county assessor about anything local. Nevada's "homestead exemption" protects up to $605,000 of home equity from creditors; it doesn't lower your property tax.
Veterans and disabled veterans (fiscal year 2026–27)
| Exemption | Off assessed value |
|---|---|
| Veteran with qualifying wartime service | $3,640 |
| Disabled veteran, 60–79% | $18,200 |
| Disabled veteran, 80–99% | $27,300 |
| Disabled veteran, 100% | $36,400 |
| Surviving spouse | $1,820 |
You can use the exemption on property tax or on your vehicle's governmental services tax. For property tax, apply with your county assessor by June 15 before the fiscal year starts. It isn't automatic, and you can only claim it in your county of residence. A surviving spouse of an eligible disabled veteran can receive the disabled veteran exemption. Sources: Carson City Assessor, personal exemptions (FY 2026/2027); Clark County Assessor, exemptions; Nevada Department of Veterans Services.
Common mistakes
- Expecting a full exemption at 100%. Nevada gives a $36,400 assessed-value deduction, not a full exemption like Florida or Texas.
- Applying under 60%. The disabled veteran exemption starts at 60%.
- Missing June 15. That's the deadline to use the exemption on property tax.
- Losing the 3% cap after recording a deed, without filing again.
- Using last year's amounts. Some government pages still show 2025–26 figures ($35,400 at 100%).
Moving here?
- Retiring to Las Vegas or Henderson: what your home sale leaves you, and the drive to the hospital and VA
- PCS to Nellis AFB: BAH, neighborhoods and gate drive times
- Federal rules: Is military retirement taxable?
Chris Harris isn't licensed in Nevada. He'll introduce you to a vetted licensed agent there. Ask Chris →
FAQ
- Does Nevada tax military retirement?
- No. Nevada has no income tax.
- Does Nevada tax Social Security or pensions?
- No.
- Do disabled veterans pay property tax in Nevada?
- They pay less. Veterans rated 60% or higher get an exemption of $18,200 to $36,400 of assessed value (FY 2026–27), depending on rating.
- How much can my Nevada property tax go up each year?
- On an owner-occupied primary home, no more than 3% a year (FY 2026–27).
Sources
Last reviewed October 21, 2026. Not tax advice.