Clark County Sales Tax Increase Gets Thumbs Down
As if life isn’t expensive enough. The Clark County Commission met today to discuss the possibility of increasing the Clark County sales tax from 8.375% to 8.5%. Simply for our OCD brain, a more simplified number would be more easier to manage, but we’d prefer it go down, not up.
Clark County Commission chairman Tick Segerblom added the agenda item in a surprise move to many. Well, constituents were likely on the phone and on social media speaking out against the idea of it, because the idea died as fast as it was resurrected.
Three fellow commissioners (Michael Naft, Jim Gibson and Marilyn Kirkpatrick) said they would not sign off on any increase in the Clark County sales tax. And with that the motion was shot down.
Back in 2019, an Assembly Bill in Carson City allowed counties to increase their sales tax rate by as much as 0.25%. Back then, the Clark County sales tax rate was 8.25%. Back in 2020, the county approved an increase of 0.125% to 8.375%. That tiny tick up increased the county’s coffers by around $54 million dollars.
What A Clark County Sales Tax Hike Of 0.125% Would Mean
We thankfully will not have to do the back of the napkin math in the short term, but what would a 0.125% tax rate increase mean for our wallet? In short: not much, but more than you’d want.
A $10 purchase would see the post-pax price go from $10.84 to $10.85. Yes, one penny. It’s not massive. Meanwhile a $40,000 car would see the after tax price go from $43,350 to $43,400… a $50 increase. Again, a drop in the bucket. But enough drops in a bucket, and you start to notice it.
No one wants life to get more expensive so it is nice to see the Clark County sales tax increase to get denied. They’ll have to find another way to pay for the A’s stadium.