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Old 11-09-2020, 04:21 PM
 
Location: NNV
2,922 posts, read 1,945,325 times
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Appears to be the Nevada version of a Mello-Roos assessment
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Old 11-09-2020, 07:45 PM
 
Location: Lone Mountain Las Vegas NV
16,936 posts, read 6,990,640 times
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Quote:
Originally Posted by Vic Romano View Post
Appears to be the Nevada version of a Mello-Roos assessment
Thanks.. I was trying to pull Mello-Roos out of a memory bank more than 25 years old. Was going to run it down this week. So you saved me an hour of googling.

And yup...SID/LID is renamed Mello-Roos. We do like to borrow from CA. But our version of prop 13 is much better than theirs.
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Old 11-09-2020, 08:18 PM
 
801 posts, read 310,517 times
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Quote:
Originally Posted by lvmensch View Post
Thanks.. I was trying to pull Mello-Roos out of a memory bank more than 25 years old. Was going to run it down this week. So you saved me an hour of googling.

And yup...SID/LID is renamed Mello-Roos. We do like to borrow from CA. But our version of prop 13 is much better than theirs.

California prop 13 has been modified by prop 19 this year. Will cause reassessment on some transfers to kids.
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Old 11-10-2020, 03:23 PM
 
3,610 posts, read 4,991,819 times
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Taxes are capped - I forget how much, as long as you live in your home. They can't go up more than a certain percent. So before you buy, check to make sure you know how much you would be paying.

Gaming offsets a lot of taxes. Also, the farther east you live, the more taxes there are. California, Oregon, and Washington have more and higher taxes than Nevada, Idaho, and some other western states but nothing close to what is in place out east.
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Old 11-11-2020, 01:35 PM
 
Location: Here and there, you decide.
12,609 posts, read 24,974,703 times
Reputation: 4661
Quote:
Originally Posted by Everdeen View Post
Taxes are capped - I forget how much, as long as you live in your home. They can't go up more than a certain percent. So before you buy, check to make sure you know how much you would be paying.

Gaming offsets a lot of taxes. Also, the farther east you live, the more taxes there are. California, Oregon, and Washington have more and higher taxes than Nevada, Idaho, and some other western states but nothing close to what is in place out east.
Florida property taxes are similar if not less. I pay 1300 on a 180k home. My neighbor has the same value home but he bought in 2014. His property tax is 700
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Old 11-11-2020, 02:10 PM
 
Location: Lone Mountain Las Vegas NV
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Quote:
Originally Posted by airics View Post
Florida property taxes are similar if not less. I pay 1300 on a 180k home. My neighbor has the same value home but he bought in 2014. His property tax is 700
$200,000 House in Vegas will run under $1,000 per annum. $150,000 will run close to $500. So Florida is a bit higher than Nevada.

May be offset some by less expensive houses.
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Old 11-11-2020, 02:22 PM
 
23,012 posts, read 42,134,302 times
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Quote:
Originally Posted by lvmensch View Post
$200,000 House in Vegas will run under $1,000 per annum. $150,000 will run close to $500. So Florida is a bit higher than Nevada.

May be offset some by less expensive houses.
Homeowners insurance in FL for hurricane risk coverage on homes built before stronger building codes can be very pricey, on the order of $8k/year, as well as high property taxes to make up for no income tax. We're going to pay one way or the other; state functions must be paid for, they can't do deficit spending or print money at the state level.
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Old 11-12-2020, 01:06 AM
 
Location: Las Vegas & San Diego
2,549 posts, read 665,203 times
Reputation: 2935
Quote:
Originally Posted by DenverBrian View Post
Also make sure you're aware of any SID or LID taxes on the home. A very Nevada thing.

https://www.greatlasvegashomes.com/l...s-and-lids.php
So does CA but called Mello-Roos. https://en.wikipedia.org/wiki/Mello-Roos oops - sorry looks like someone already said this.

In IL my Prop tax was over 2% with no cap - so would be over 3x more. In CA my Prop tax is 1.1% with 2% cap but reset to higher cost when sell and more expensive so tax is 2-3x as much. In NV my Prop tax is about 0.67% and capped at 3% increase.

Last edited by ddeemo; 11-12-2020 at 01:27 AM..
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Old 11-12-2020, 09:32 AM
 
1,228 posts, read 1,501,049 times
Reputation: 1415
Quote:
Originally Posted by lvmensch View Post
$200,000 House in Vegas will run under $1,000 per annum. $150,000 will run close to $500. So Florida is a bit higher than Nevada.

May be offset some by less expensive houses.
My taxes are higher than that.
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Old 11-12-2020, 11:25 AM
 
Location: Lone Mountain Las Vegas NV
16,936 posts, read 6,990,640 times
Reputation: 7917
Quote:
Originally Posted by timothyaw View Post
My taxes are higher than that.
Mine run about 0.6%. That would put a $200,000 home at about at $1200. Many however appear less than that. May be driven by age, location and condition.
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