[Vic Romano]

Appears to be the Nevada version of a Mello-Roos assessment

[lvmensch]

Originally Posted by Vic Romano

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.

[longviewJoe]

Originally Posted by lvmensch

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.

[Everdeen]

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.

[airics]

Originally Posted by Everdeen

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

[lvmensch]

Originally Posted by airics

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.

[Mike from back east]

Originally Posted by lvmensch

$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.

[ddeemo]

Originally Posted by DenverBrian

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.

[timothyaw]

Originally Posted by lvmensch

$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.

[lvmensch]

Originally Posted by timothyaw

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.