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Reno Nevada Real Estate - It's not difficult to understand why many companies are choosing to base their businesses in Reno and relocate their employees here. In a sense, Reno sits at the crossroads of the great West: The city has easy access both to the beauty of California and Lake Tahoe. Residents enjoy dry, pleasant temperatures year-round; yet, just a short distance away, they can take in a winter wonderland of white-capped mountains and snow-covered trails. Most
important, perhaps, newcomers to Reno discover a wealth of local businesses that
have spurred a strong economy and an active real estate market that caters to
every preference and desired price range.
No personal income tax The
Nevada State Legislature has passed a law to provide a property tax cap. Assembly
Bill 489, signed into law on April 6, 2005, provides a partial abatement of taxes
by applying a 3% cap on the tax bill of the owners primary residence. For most people, the best home deduction is for your mortgage interest. You can also deduct annual taxes based on the assessed value of your property. When
buying a home, you often have to pay points to the lender, in order to get your
mortgage. These points can usually be deducted, as a prepayment of interest. Reno
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