Reno (Sparks, Carson City, Spanish Springs: for sale, new home, depreciation)

[nowhereman427]

Originally Posted by Steveareeno5

tell us where you're coming from.

It can't be any worse than the San Francisco Bay Area.

[nowhereman427]

Originally Posted by gizmo980

Is it though? I know it's all relative, but Reno is still quite affordable by national standards - and certainly compared to California. Seems like everyone everywhere complains about cost of living, even when it's low!

As far as property taxes go in Nevada they appear to be alot less than CA.

[gizmo980]

Originally Posted by nowhereman427

It can't be any worse than the San Francisco Bay Area.

That is true. As I just said in my last post, being from there myself certainly skews the perspective. Everything (in the US) seems cheap by comparison!

[nowhereman427]

Originally Posted by 2sleepy

Actually, prices have gone up more in the Reno/Sparks area than they have in California. The average home price in Reno 518k , and the average in Sacramento is 461k. I lived in Reno for 14 years and it was ok, the things I disliked were the wind and the cold winters. We lived above the city in SW Reno so we got more snow more often than what you would experience downtown. I like Carson City, it has a small-town feel but there are still plenty of places to shop. I never felt unsafe anywhere in Northern Nevada. Reno schools are usually really good or really awful. They have some charter/magnet schools that blow away anything that I've seen in Sacramento.

We live in Sacramento now and for the most part, I like it but it has the most unresponsive Sheriff's Dept I have ever encountered. I am not sure what they do, but I figured out where you can get a deputy if you need one - the parking lot of Dutch Bros.

Isn't Sacramento summers super hot? Into the 100's?
I know the traffic in Sacramento to Roseville/Placerville has got to be worse since 2010.

[gizmo980]

Originally Posted by nowhereman427

As far as property taxes go in Nevada they appear to be alot less than CA.

Yep, there's that too! I'd have to look at my bills, but I think my property taxes were around $5,000 last year? And that's on a home worth $640K (or at least that's what I paid). How would NV compare for a similarly-priced home?

[nowhereman427]

Originally Posted by gizmo980

I suppose that's true, if we're talking about Sacramento vs Reno. I'm in the Santa Cruz/Bay Area, which obviously affects my perspective a little... and I've been thinking about moving to Reno for years, so I have kept an eye on the real estate market. Still seems okay, especially if you're not trying to buy a new build in town. I am mostly interested in older homes, and not right IN Reno itself. Maybe a bit outside.

I was just there last week, in fact, taking the Washoe County exam (for a specific job classification). It was lovely.

Santa Cruz is becautiful as far as highway 1 goes along the coast. I prefer to look at the newest home that I can get in Dayton area first then Fernley would be second. I fall under the Prop 13 property tax guidelines so property tax can go up so much over the years.

Hopefully Nevada is lower in cost better in property taxes especially compared to East Idaho areas like Pocatello to Idaho Falls to Chubbuck.

[nowhereman427]

Originally Posted by gizmo980

Yep, there's that too! I'd have to look at my bills, but I think my property taxes were around $5,000 last year? And that's on a home worth $640K (or at least that's what I paid). How would NV compare for a similarly-priced home?

That's alot to me but then again I am at 2,200 per year on property taxes but I bought in 1989.
Guess it's like sticker shock on a new car so I would have to see what those property taxes would be on a new/newer home in Dayton/Fernley.

It appears to be something like $400+ per month on a new home in Pocatello in Idaho which to me is EXPENSIVE
I guess I must do the figures to see how much I can get on the sale of my home to wherever I'm going to move to get an apples to apples comparison.

[2sleepy]

Originally Posted by gizmo980

I suppose that's true, if we're talking about Sacramento vs Reno. I'm in the Santa Cruz/Bay Area, which obviously affects my perspective a little... and I've been thinking about moving to Reno for years, so I have kept an eye on the real estate market. Still seems okay, especially if you're not trying to buy a new build in town. I am mostly interested in older homes, and not right IN Reno itself. Maybe a bit outside.

I was just there last week, in fact, taking the Washoe County exam (for a specific job classification). It was lovely.

Yes, I was referring to Sacramento vs Reno sorry I botched that so badly

[2sleepy]

Originally Posted by nowhereman427

Santa Cruz is becautiful as far as highway 1 goes along the coast. I prefer to look at the newest home that I can get in Dayton area first then Fernley would be second. I fall under the Prop 13 property tax guidelines so property tax can go up so much over the years.

Hopefully Nevada is lower in cost better in property taxes especially compared to East Idaho areas like Pocatello to Idaho Falls to Chubbuck.

Nevada property tax isn't bad. For a residence, your property tax can't go up by more than 3% per year. They do regularly reappraise property though, but if they decide the value of your home went up by 6% they can only raise your tax by 3% but the remainder can be added to your tax bill in the future if your home value goes down. Commercial property can be taxed at 8% but they usually tax it at 4-5%. Overall, Nevada and California tax on residences ends up being very close to the same.

I like Dayton better than Fernley, but then I also like Spanish Springs, Sparks, Reno and Carson City better than Fernley.

[2sleepy]

Originally Posted by nowhereman427

As far as property taxes go in Nevada they appear to be alot less than CA.

They are calculated a bit differently but they are very close to being the same. Nevada allows for a 3% annual increase, California has a 2% cap on increases. Commercial property in Nevada is taxed at a higher rate as opposed to California