As one who has been designing mountain homes and golf course residences in Northern Nevada for over 30 years, I can tell you that there’s a common thread that ties my clients together: and it’s the tax advantages that come with living in our popular state.
-Nevada is very tax-friendly toward retirees
-Social security is not taxed.
-Withdrawals from retirement accounts are not taxed.
-Wages are taxed at normal rates, and our marginal state tax rate is 0.0%
-Public and private pension income is not taxed.
In further research on this site, they have a quick and simple overview of Nevada Property taxes as well. It states:
Property taxes in Nevada pay for local services such as roads, schools, and police. However, Nevada’s property tax rates are among the lowest in the U.S. The state’s average effective property tax rate is just 0.77%. That is well below the national average of 1.19%.
Homeowners in Nevada are protected from steep increases in property tax bills by Nevada’s property tax abatement law, which limits annual increases in property tax bills to a maximum of 3% for homeowners.
If you happen to choose to purchase a house in my hometown of Incline Village, there are additional benefits that come with property ownership through the Incline Village General Improvement District. You will want to see this list:
–Free admission to Incline Beach, Ski Beach and Burnt Cedar Beach and pool area for the pass holder and guest admission for a fee.
-Boat ramp access at Ski Beach for a fee.
-Reduced rates for golf, ski, tennis, hunting, recreational programs, and the Recreation Center, on either a daily or seasonal basis.
-Reduced rates for rental of the Chateau at Incline Village ™, Aspen Grove Community building, and park area and all athletic fields.
And that’s just the beginning of the benefits that come with retirement in Northern Nevada. Watch my next news piece about some of the best places to hike from your own backyard! Can’t wait for a week to read it? Give me a call at any time!
Lake Tahoe / Truckee