All personal property used for the business should be listed completely and accurately. The cost and year of acquisition should be listed on the declaration.Every retailer selling tangible personal property that will be stored, used, or consumed in Nevada must have a Business License (NRS 372.220). Business personal property is taxable whether it is owned, leased, rented, loaned, or otherwise made available to the business. In Nevada, most tangible personal property transferred for value is taxable. This includes most goods, wares, and merchandise. Page provides an overview of taxable (assessable) property. Describes why you received a Notice to File Letter and describes filing options. Taxable personal property includes all property used in conjunction with a business, manufactured homes, aircraft, aircraft hangars, and billboards. Sale of Tangible Personal Property: Most sales of tangible personal property are subject to the Nevada state sales tax rate.
