Iowa vs Nevada Taxes: Income, Property & Sales

Does Iowa or Nevada have lower taxes? We answer that in a variety of ways below:

Iowa vs Nevada Income Tax Comparison

	Iowa	Nevada
Income Tax Rates & Thresholds	0.33%: $0-$1,743 0.67%: $1,744-$3,486 2.25%: $3,487-$6972 4.14%: $6,973-$15,687 5.63%: $15,688-$26,145 5.96%: $26,146-$34,860 6.25%: $34,861-$52,290 7.44%: $52,291-$78,435 8.53%: $78,436+	None
Median Income	$76,320	$72,330
Income Tax Paid On Median Household Income	$13,833	$8,680
Income After Tax Based on Median Household Income	$62,487	$63,650

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Iowa vs Nevada Property Tax Comparison

	Iowa	Nevada
Average Property Tax Rate	1.25%	0.44%
Average House Price By State	$215,458	$431,413
Average Property Tax Owed Per Year	$2,693	$1,898
Income After Income Taxes & Property Taxes Based On Median State Household Income	$59,794	$61,752

Iowa vs Nevada Sales Tax Comparison

	Iowa	Nevada
Average State Sales Tax	6.00%	6.85%
Average Local Sales Tax Across the State	0.94%	1.38%
Average Combined Sales Tax Rate	6.94%	8.23%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,880	$4,696
Maximum Disposable Income Based on Median Household Income	$55,913	$57,056

After Tax Comparison Earning $40,000 Per Year Filing As Single

	Iowa	Nevada
Income Tax Owed	$4,786	$3,040
After Tax Income	$35,214	$36,960
Income After Income & Property Tax	$32,521	$35,062
Maximum Disposable Income After Income, Property & Sales Taxes	$30,410	$32,396

After Tax Comparison Earning $60,000 Per Year Filing As Single

	Iowa	Nevada
Income Tax Owed	$9,028	$5,968
After Tax Income	$50,972	$54,032
Income After Income & Property Tax	$48,279	$52,134
Maximum Disposable Income After Income, Property & Sales Taxes	$45,146	$48,169

After Tax Comparison Earning $80,000 Per Year Filing As Single

	Iowa	Nevada
Income Tax Owed	$14,916	$10,368
After Tax Income	$65,084	$69,632
Income After Income & Property Tax	$62,391	$67,734
Maximum Disposable Income After Income, Property & Sales Taxes	$58,342	$62,583

After Tax Comparison Earning $100,000 Per Year Filing As Single

	Iowa	Nevada
Income Tax Owed	$21,015	$14,768
After Tax Income	$78,985	$85,232
Income After Income & Property Tax	$76,292	$83,334
Maximum Disposable Income After Income, Property & Sales Taxes	$71,341	$76,997

After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly

	Iowa	Nevada
Income Tax Owed	$14,448	$8,481
After Tax Income	$85,552	$91,519
Income After Income & Property Tax	$82,859	$89,621
Maximum Disposable Income After Income, Property & Sales Taxes	$77,482	$82,806

After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly

	Iowa	Nevada
Income Tax Owed	$28,768	$18,536
After Tax Income	$121,232	$131,464
Income After Income & Property Tax	$118,539	$129,566
Maximum Disposable Income After Income, Property & Sales Taxes	$110,846	$119,713

After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly

	Iowa	Nevada
Income Tax Owed	$44,033	$29,536
After Tax Income	$155,967	$170,464
Income After Income & Property Tax	$153,274	$168,566
Maximum Disposable Income After Income, Property & Sales Taxes	$143,327	$155,748

After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly

	Iowa	Nevada
Income Tax Owed	$60,217	$41,455
After Tax Income	$189,783	$208,545
Income After Income & Property Tax	$187,090	$206,647
Maximum Disposable Income After Income, Property & Sales Taxes	$174,948	$190,933

FAQ

Does Iowa or Nevada have lower income taxes?

Iowa’s income tax falls into the following range:

• 0.33%: $0-$1,743
• 0.67%: $1,744-$3,486
• 2.25%: $3,487-$6972
• 4.14%: $6,973-$15,687
• 5.63%: $15,688-$26,145
• 5.96%: $26,146-$34,860
• 6.25%: $34,861-$52,290
• 7.44%: $52,291-$78,435
• 8.53%: $78,436+

Whereas Nevada’s income tax is the following None

Does Iowa or Nevada have lower property taxes?

Iowa has an average property tax rate of 1.25%

In comparison, Nevada has an average property tax rate of 0.44%

Does Iowa or Nevada have lower sales taxes?

Iowa has a state sales tax rate of 6.00% and an average local rate of 0.94% for a combined total rate of 6.94%.

In contrast, Nevada has a state sales tax rate of 6.85% and an average local rate of 1.38% for a combined total rate of 8.23%.

Do you get to keep more money in Iowa or Nevada?

Based on median household income after income, property and sales taxes Iowa gives you a maximum amount of disposable income of $55,913

In comparison, Nevada gives you $57,056.

More Comparisons:

Iowa vs Arkansas
Iowa vs Mississippi
Iowa vs Kansas
Iowa vs New Mexico
Iowa vs Nebraska

Sources:

https://en.wikipedia.org/wiki/State_income_tax#Rates_by_jurisdiction

https://www.bankrate.com/real-estate/property-tax-by-state/#by-state

https://fred.stlouisfed.org/release/tables?eid=259515&rid=249

https://www.fool.com/the-ascent/research/average-house-price-state/

https://taxfoundation.org/data/all/state/2022-sales-taxes/

https://www.forbes.com/advisor/income-tax-calculator/