[NLVgal]

Originally Posted by house2013

When I was looking for houses, prices in nlv is way cheaper than vegas nor Henderson. I was tempted to buy but knowing their financial situation, I dont want to take the risk

What risk?

I've lived in NLV for many years. We had exponential growth during the boom, and the resulting hassles with constant road-work, etc. Then the crash came, and everyone's home lost value. Not just in NLV, all over Clark County. We had some bluster from the police and fire unions over their pay raises being frozen, but it was CCSD fire that was shown to be milking the system, not NLV.

NLV also has a more professional police force than Metro or Henderson. (IMHO)

Our previous mayors overspent, trying to keep up with growth, and also with a Pollyanna view that the good times would never end. That's unfortunate because the worst thing that could happen (and probably will) is that NLV will be rolled back into unincorporated Clark County, like much of Spring Valley and the Summerlin area.

That would result in NLV being under Metro's jurisdiction, no more convenient, combined water, sewer, trash / recycling bills, and possibly lower property taxes. Not a huge risk.

[Clarkcty]

Originally Posted by tijlover

Research shows why Las Vegas can't attract the high-tech, car-averse, mass-transit-loving millennials to Las Vegas, if they're going to need a car to live here, they ain't coming!

L.A. is financing their ever-growing light rail and subway systems with a half-percent sales tax, approved by 68% of Los Angeles voters, and with matching funds from the Federal government.

Take that half-percent sales tax for the police and shift it to mass transit! No additional taxes needed!

Forgotten, roads are heavily subsidized as well!

This is going to be quite the interesting show for Las Vegas, the demise and the resurrection of North Las Vegas!

Oh please you very well know why Clark County cannot attract the high tech, higher paying jobs here. Education, the county lacks the populace with a high level of education. Heck, even IKEA does not want to open a store here because of the low level of educational attainment by the population.

[WestieJeff]

Very true.. A large tech employer like Zappos would never locate here.. wait a minute!

Originally Posted by Clarkcty

Oh please you very well know why Clark County cannot attract the high tech, higher paying jobs here. Education, the county lacks the populace with a high level of education. Heck, even IKEA does not want to open a store here because of the low level of educational attainment by the population.

[lvoc]

Originally Posted by Clarkcty

Oh please you very well know why Clark County cannot attract the high tech, higher paying jobs here. Education, the county lacks the populace with a high level of education. Heck, even IKEA does not want to open a store here because of the low level of educational attainment by the population.

And I would add that the Culinary is probably a worse problem for those who could well relocate to Las Vegas. And UNLV is probably more an issue than CCSD. The UNLV problem is solvable.

[ft_chief]

I wouldn't mind if NLV was taken over by the state or Clark County if it meant that the public union contracts were renegotiated on a more sustainable path.

[FML157]

if State took over NLV I would imagine they would abolish the union contracts; State of Nevada employees do not have collective bargaining rights and the state law prohibits them from going on strike. Not a big fan of unions in public service but also not a fan of unfair wages.

[WestieJeff]

The union contracts don't last forever anyways. Usually the contracts are about five years long. After the contract expires, the city is free to do whatever it wishes, including cutting salaries. The employees can strike, but that's not unique to public sector.

The end date should be approaching very soon I'd guess.

Originally Posted by ft_chief

I wouldn't mind if NLV was taken over by the state or Clark County if it meant that the public union contracts were renegotiated on a more sustainable path.

[LVguy]

Originally Posted by lvoc

NLV would be well on the way to stability but for the local version of Prop 13. Effectively the NLV income from property tax was cut better than in half as the housing disaster unfolded. But now things are a good ways up again NLV should be feeling better...but they are not. They are nailed by the way the law works. When the housing prices went down to half they lost half their property tax revenue. Now things are back up like 40%...but they don't get their revenue back...it come back only at the 3% or 8% per annum provided for in the law.

I would not be surprised to see some relief for all the cities in the next legislature. Getting nailed as the property values drop is one thing. But not being able to at least partially recover as things come back is tough.

I just got a house how do they calculate the property tax? is it 1% of the sold price?

they say you can dispute property tax if it's too high, how do you dispute it exactly and is the success rate high?

[newopty]

One of the problems with the union contracts is the retirement benefits. They are very generous and I don't think existing employees would be affected in a new contract.

[NLVgal]

Originally Posted by LVguy

I just got a house how do they calculate the property tax? is it 1% of the sold price?

they say you can dispute property tax if it's too high, how do you dispute it exactly and is the success rate high?

They base it on what the CC assessor values the property at. Property taxes are pretty low in the valley. I can't imagine you'd want to dispute them, but here's the link to the assessor's page.

Assessor Home Page