Migration - Nevada has a pro-growth tax policy
Nature Network = Reno is a good bet
homes: Bet on having a good time in Reno.-click here-
Reno in top 8
national magazine aimed at guiding retirees on where to move has recently named
Reno one of its eight top retirement destinations.
2013 edition of Where to Retire will profile Reno as a hot town
to snap up bargains now.
The magazines editor, Mary Lu Abbott, praised
Renos current housing prices and outdoor activity options.
Here- Reno Area Retirement Community
Northern Nevada Tax Advantages = Nevadas
tourism industry provides a dependable source of tax revenues. This means Nevadas
tax burden on residents and business is one of the lightest in the nation.
No personal income tax
Property is assessed at 35% of appraised value.
Reno: $3.66 per $100 of assessed value.
Nevada has No Inheritance,
Estate or Gift Taxes
No corporate income tax
or franchise tax
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.
Tax Advantages of Home Ownership = When
you buy a home, you get some tax advantages. You can deduct home mortgage interest,
real estate taxes, and loan points.
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.
buying a home - Reno Nevada Real Estate, you often have to pay points to the lender,
in order to get your mortgage. These points can usually be deducted, as a prepayment