In Nevada, the taxable value of an aircraft is derived by applying a 20-year life depreciation factor to the owner's original acquisition cost. Assessed value is computed by multiplying the taxable value by 35%, rounded to the nearest $1.00. To calculate the tax on your aircraft, let's assume a tax rate of $3.50 per hundred dollars of assessed value used in the example below: Aircraft purchased one year ago at a cost of $10,000......................... $10,000 The taxable value after depreciation is 10,000 x .90= ........................ 9,000 The assessed value for the aircraft is 9,000 x .35 = ........................... $3,150 The tax on the aircraft would be 3,150 x .035 = ................................ $110.25