Indicator Gauge Icon Legend

Red is bad, green is good, blue is not statistically different/neutral.

Compared to Distribution

an indicator guage with the arrow in the green the value is in the best half of communities.

an indicator guage with the arrow in the yellow the value is in the 2nd worst quarter of communities.

an indicator guage with the arrow in the red the value is in the worst quarter of communities.

Compared to Target

green circle with white tick inside it meets target; red circle with white cross inside it does not meet target.

Compared to a Single Value

green diamond with downward arrow inside it lower than the comparison value; red diamond with downward arrow inside it higher than the comparison value; blue diamond with downward arrow inside it not statistically different from comparison value.

Trend

green square outline with upward trending arrow inside it green square outline with downward trending arrow inside it non-significant change over time; green square with upward trending arrow inside it green square with downward trending arrow inside it significant change over time; blue square with equals sign no change over time.

Compared to Prior Value

green triangle with upward trending arrow inside it higher than the previous measurement period; green triangle with downward trending arrow inside it lower than the previous measurement period; blue equals sign no statistically different change  from previous measurement period.

dark blue chart bars Significantly different than the overall value

light blue chart bars No significant difference with the overall value

gray chart bars No data on significance available

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Tax Revenues for Distribution

Measurement Period: 2023
Filter: none (all Counties)

Washoe County revenues for distribution of state taxes pursuant to Nevada consolidated tax distribution (Local Government Tax Act of 1991 and 1993; also know as Fairshare or AB104). State fiscal year (September through August).

Why is this important?

Tax revenues are an economic indicator just as business growth, but because taxes are fixed, it is unclear if it’s better if tax revenues go up or down.  The proportion of revenues from the gaming tax has decreased consistently since 2004, and almost every state now has some for of gaming, reducing Nevada tourism. Nevada has no personal income tax; overall, this creates a high sales tax burden for Nevada residents.  The 2001 intention to reduce dependence on property taxes through caps, in conjunction with declining property values throughout the recession, left local government with tax deficits, while population growth continues to burden service delivery. Nevada surely needs a more diversified, functional tax structure for the future.

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County: Washoe

$37,791,020
Tax dollars
Source: State of Nevada, Department of Taxation
Measurement period: 2023
Maintained by: Truckee Meadows Tomorrow
Last update: January 2024
Filter(s) for this location: State: Nevada
Compared to See the Legend
Compared to the prior value, Washoe ($37,791,020) is less than the previously measured value ($37,941,033).
Prior Value
($37,941,033)
Over time, the Washoe value is increasing significantly.
Trend
Technical note: State of Nevada, Department of Taxation, Local Government Tax Distribution: https://tax.nv.gov/Publications/Local_Gov_t_Tax_Act_Distribution/
More details: Also known as Fairshare or AB104.

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Data Source

Filed under: Economy / Economic Climate

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