Nye County

Overview

Nye County has a population of more nearly 40,000 and offers a quiet quality of life. Mining, service and government are the largest industries in the county and industries are supported by strong transportation links to California. Nye County has numerous golf courses and mining ghost towns, and hosts annual professional off-road competitions. Additionally, the area is in close proximity to Death Valley and its endless recreational opportunities.

Tonopah
Tonopah is located 239 miles south-east of Reno/Sparks and 207 miles northwest of Las Vegas on U.S. Highway 95 and 6 and State Route 376. Nye County, the third largest county in the United States, totals 18,064 square miles. To the south, Nye County borders the state of California.

Advantages

The incentives of doing business in Nevada are expansive. Nevada boasts one of the most liberal tax structures in the nation and from a tax-planning perspective, the return on investment in the form of tax saving dollars can be enormous.

Incentives

Taxes

Sales Tax Rate

In Nye County, the sales tax rate is 7.100.

Property Tax Rate

In Nye County, the 2009-10 average county wide tax rate is 3.1621.

Calculating Real Property Taxes

The formula for calculating real property tax is as follows:

  • Taxable Value x .35 = Assessed Value
  • Assessed Value x Tax Rate = Total Real Property Tax

For more information, please see How Property Taxes are Calculated.

Calculating Personal Property Taxes

Using the Cost Conversion Factor tables in the Personal Property Manual, use the following formula to calculate the assessed value. The assessed value is the value on which taxes are calculated.

  • Actual Cost x Cost Index (for appropriate year) = Cost of Replacement
  • Cost of Replacement x Percent Good = Taxable Value
  • Taxable Value x .35 = Assessed Value
  • Assessed Value x Tax Rate = Total Personal Property Tax

Demographics

Population

Year Population
2008 47,370
2007 46,308
2006 44,795
2005 41,302
2004 38,181

Source: Nevada State Demographer

Gender Composition

Year Est Population Male Female
# % # %
2008 46,012 23,447 51.0 22,565 49.0
2007 39,822 20,282 50.9 19,540 49.1
2006 40,416 20,534 50.8 19,882 49.2
2005 37,749 19,269 51.0 18,480 49.0

Source: Applied Geographic Solutions

Labor

Employment

Year Labor Force Employment Unemployment Unemployment
Rate (Local)
2009 17,764 16,036 2,651 14.3
2008 19,338 17,554 1,784 9.2
2007 18,124 16,871 1,253 6.9
2006 17,161 16,278 882 5.1
2005 16,214 15,372 843 5.2

Information obtained from Nevada Department of Employment, Training and Rehabilitation (DETR)