PERSONAL AND BUSINESS TAX-RELATED ADVANTAGES OF NEVADA

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• No personal income tax

• No Estate Tax

• No tax on withdrawals from retirement accounts

• No tax on Social Security income

• No tax on public or private pension income 

• No Inheritance or Gift Tax

• No Franchise Tax on Income

• No Corporate Income Tax

• No Taxes on Corporate Shares

• No Franchise Tax

• No Unitary Tax

• Competitive Sales and Property Tax Rates

 

NORTHERN NEVADA ECONOMY LABOR MARKET

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• Reno has been experiencing a tremendous renaissance since the Great Recession. The economy has been transformed from one based on gambling to a tech-oriented one and business is booming!

• The state’s relaxed business regulations has attracted thousands of large and small to mid-size businesses, good news for job seekers.

 

RENO-TAHOE OUTDOOR RECREATIONAL AND CULTURAL OPPORTUNITIES

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• Reno area residents live in an amazing outdoor playground. With more than 300 days of sunshine each year, the opportunities to get outside are endless. The Truckee River, and the close proximity to Lake Tahoe and surrounding Sierra Nevada Mountains, make this area a paradise for those who love to hike, bike, run, ski, swim or just about anything else you can do outdoors.

• The Silver State is home to more mountain ranges than any other state with over 300 ranges and 57 peaks taller than 11,000 feet.

• The growing Reno foodie and art scene is nationally recognized. More than 20 new restaurants opened in 2018 alone!

• The Reno-Lake Tahoe region has the largest concentration of ski resorts in North America

• Thousands of miles of hiking and biking trails. The 114-mile Tahoe-Pyramid Trail and the 165-mile Tahoe Rim Trail are both deserving of their world-renowned  status.

• Reno is the perfect year-round golf destination with more than 40 golf courses built to embrace surrounding landscapes, (and more than 50 courses within a 90-minute drive), there is a Reno or Lake Tahoe golf course for every level of play.

• Nevada has more (300) natural hot springs than any other state.

• Greater Nevada Field, downtown Reno, is not just the home of the Reno Aces and Reno 1868 FC, it is a venue that hosts major regional and national events with something for everyone. This 9,100 capacity stadium sets the standard for venue excellence with state-of-the-art technology, comfort and amenities.

• The Big Wall at the Whitney Peak Hotel, downtown Reno, has the world's tallest climbing wall. 

• Nevada has more than 10,000 wild horses roaming free on BLM land and you can take tours to go see them.

• Reno listed a Top Ten Emerging Ski Town by National Geographic

• Reno was named one of the “10 Hippest Ski Areas You Rarely Hear About” by MSN.com

• Ski magazine rated Mt. Rose one of the “10 Best Areas You’ve Never Skied”

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Links to recent news and statistics regarding the ​Reno / Northern Nevada real estate market and economy

(Links are listed in chronological order, most recent first)

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• Reno Housing Market Trends & Statistics 2020

• RSAR Releases May 2020 Existing Home Sales Report

• Nevada among highest in 3Q income growth in US

• Jacobs Entertainment Invests Over $100M in Sands Regency and Reno Neon Line

• Here's a thought: Reno, the Land of 'Can' 

• Reno’s economic surge could last 10-20 years

• How Reno, Nevada, turned its economy into a small powerhouse​

• 10 States With the Fastest Rates of Job Growth, 2020 - Nevada #1 - Kiplinger

• HVS Market Report: Reno, Nevada - By Desiree Flanary

• Actually Cool Things to Do in Reno Right Now

• Homebuyer activity strong in Reno-Sparks; supply shrinking

• Jobs Report: Reno, Carson City and Vegas lead nation in metro area employment growth

• Relocating to Northern Nevada: Tech-splosion bolstering the economy

• Western states have strongest economic momentum, report says, Nevada took the stop spot

• America’s Top 10 Most Dynamic Mid-Sized Cities - Reno ranked sixth

• Reno just got ranked the 6th-most dynamic mid-size city in U.S. — what does it mean?

• Relocating to Northern Nevada: Housing demand at an all-time high

• Strong Nevada Economy, McCarran Continues to Boom

• Tahoe-Reno Industrial Center developers ink deal for sprawling new Fernley industrial park

• Under construction: 7 projects underway in Reno-Sparks

• A famous name in Cleveland real estate circles is looking to light up Reno

• $13 million low-income senior housing complex breaks ground in Reno

• Ground breaks on $37 million student housing project in downtown Reno

• Relocating to Northern Nevada: New developments add to Reno’s retail charm

• Reno housing: City Council approves Lakeridge rezoning, allows for more development

• US Software Industry is Booming - During the two year period, software’s economic impact in Nevada grew by more than 30%.

• Software jobs growing beyond traditional tech hubs, fastest software jobs growth occurred in Nevada, 

• Midtown Development To Open in October

• SoCal-based Berkley International latest company to hop on Reno-Sparks relocation bandwagon

• New Headquarters Brings Blockchain Jobs to Reno

• Downtown Reno getting new hotel, revitalized National Bowling Stadium

• Nearly $1.5 million invested in local startups for Reno Venture Conference

• With Demand on the Rise, Home Buyers in Sparks have More Options than Ever Before

• “A lot is popping” in Reno, thanks to a strong local economy

• Right-to-work law boosts the Nevada economy

• Technology’s Role In Nevada’s Economy

• A Positive Outlook – Betting on Nevada

• Polaris opens distribution center in Fernley

• All-time high: Reno housing sets another record as median price breaks $420,000 mark

• Reno Ranks #2 on SmartAssets' "Best Cities to Buy a Family Home – 2019 Edition"

• Reno, the Next Hotspot for Retail Development

• These cities are adding the most jobs - Reno #3 in the USA

• Officials: Nevada job growth fastest in nation for 10th straight month

• Incubating jobs, energy and the future economy in downtown Reno

• The Northern Nevada housing market has been on an uphill climb and median house prices have hit an all time high

• An unprecedented time in Nevada history': Silver State welcomes 'entrepreneurial powerhouse

• The new normal? Younger entrepreneurs, first-time business owners stepping to the plate in Northern Nevada

• New northern Nevada (30 miles east of Reno) industrial park could produce 10K jobs

• New state tax burden study ranks Nevada second-lowest in U.S.

• Outside Magazine dubs Reno 1 of 12 best places to live in the US + Outside Magazine's full list

• Health company moving to Reno; may create 300 skilled jobs

• Jobs report: Nevada unemployment claims hit 12-year low

• Nevada jobs in February up over year, unemployment dips to 4.3 percent

• A famous name in Cleveland real estate circles is looking to light up Reno + Developer Bets $1 Billion on Reno

• $1 Billion Redevelopment Project Planned For Reno

• Nevada's pro-business environment credited for franchise explosion

• Nevada wins ‘Silver Shovel’ award for economic development, job creation

• Sales of Luxury Homes Pick Up

• Stunning vistas, modern museums, quirky shops make Reno a favorite for tourists

• Nevada’s “Biggest Little City in the World” has gambled on art, culture and outdoor adventure. It’s winning big.

• Nevada continues to top the list of fastest growth in franchise employment

• $420,000 Marks A New Record High For Median Home Prices in Reno

• Apple finishes Reno warehouse, announces Northern Nevada expansion

• Nevada is positioned to be a leader in smart-city innovations

• Reno #1 for job growth job growth - Milken Institute's "Best Performing Cities" report

• Reno ranks 11 on list of best performing large cities in the U.S. #1 in the USA for job growth 

• Reno’s employment growth rate of 5.2 percent is higher than the national growth rate of 1.8 percent

• Nevada tops nation for inbound movers

• Nevada is now the nation’s fasting growing state, after the U.S. Census Bureau released their most recent data

• TMWA Board of Directors Defer Rate Increase (A very different water situation than California)

• Nevada has among the highest rates of personal income growth in the country in the third quarter of 2018

• Reno-Tahoe Int'l Airport Cargo Increases as Christmas Nears

• Reno luxury home prices rocket 30 percent in 1 year

• Tesla Gigafactory Creates Jobs & Huge Monetary Benefits For Nevada

• Figure Technologies, A Transformative FinTech Company and Blockchain Pioneer, Moves to Reno, Nevada

• GOED director: Tesla’s billion-dollar investment diversifying Nevada economy

• Real Estate Syndications Gain Momentum in 2018

• EDAWN: Record number of tech companies relocate to Reno-Sparks in 2018

• Tesla’s Nevada Gigafactory ahead of economic impact expectations​

• New companies in Reno led to increase in jobs, living cost

• Reno median price jumps to $402K in October

• Reno-Sparks has seen a steady stream of companies and people flood into the region over the past five years

• Nevada on track to be leader in smart-city tech

• New Blockchain Company Makes Splash Alongside Tesla In Nevada

• Tesla’s Elon Musk describes factors needed to grow company in Nevada

• Nevada is blessed with the fastest-growing economy in the nation, and the Reno-Sparks metro area has mirrored that economic growth

• Nevada’s jobs have diversified, state board told​

• 2-city housing boom hits Nevada - Reno, Carson City jump in Veros index

• How Reno is Making Its Case as More than a Tahoe Hub​

• Reno-Sparks house prices set new record high for fourth time this year​

• Google announces $100,000 for Nevada workforce development​

• So why are Californians moving to Reno? We asked a few of them​

• Average Apartment Rents in Reno And Sparks Spike

• Strong Private Jet Traffic in Reno Indicates Thriving Economy

• Grow with Google Brings National Workshop to Reno on August 6

• Reno-Sparks apartment rents soaring; monthly average tops $1,300 in Q2

• Nevada Employment Hits a Record High

• Washington State and Nevada occupy six of the ten highest-appreciating MSAs in the U.S.

• RSAR Releases 2018 Second Quarter/June Existing Home Sales Report

• July 2018 "To the Point" from Reno-Sparks Association of Realtors: Is there a Real Estate Bubble? (video)

• RSAR president: We’re not in a bubble; ‘there is just no inventory’

• Home Prices Continued to Climb in June

• Reno-area real estate: Prices soar, sales drop for mid-year 2018

• VeroFORECAST - Reno-Sparks has been experiencing incredible growth

• The Silver State ranked No. 1 among all states for its rate of people looking to make a move, either in-state or from out-of-state

• Raw statistics provided by Chase International for Northern Nevada compare first half of 2018 to 2017

• Reno-area real estate: Prices soar, sales drop for mid-year 2018

• Here's how many people are leaving California's housing hellscape for 'cheap' Reno living

• Blockchains LLC, unveiled its new 25,000 square foot corporate headquarters at the Tahoe-Reno Industrial Center (TRIC)

• A Land Near Tesla, Google, and Switch

• Google kicks off Reno economic initiative with ‘Grow with Google’ tour stop​

• Nevada: Betting Big On High Technology And Winning

• Reno Multifamily Rent Growth Among Nation’s Highest as Vacancy Remains Low​

• Blockchain the key to our new economy: Kazmierski​

• Reno flirts with record $400,000 median home price again amid low supply

• Reno 6th best small city in America for 2018

• 5 Reno startups recognized for bringing 125 tech jobs, millions in investment

• Reno Tax Landscape Encourages Growth And Opportunity​

• Nevada's Housing Boom: Then & Now

• Outside of major metropolitan areas like the Bay Area and Seattle, Reno has one of the highest median home prices in the American West​

• Reno, Nevada, Luxury Prices Soar Amid General Housing Shortage

• City National Bank: ‘Nevada is the fastest growing labor market in the nation’

• Reno-Sparks jobless rate leads Nevada at 4.1 percent. Reno's booming economy has added 10,000 workers over the past year.

• As the hottest housing market in the U.S., according to Pro Teck's Top Ten, Reno, NV boasts a foreclosure sales as a percent of market sales of .46%​

• Median home prices have hit the $400,000 mark in Reno for the first time ever, up $70,000 from this time a year ago​

• The Biggest Little City reached another milestone for its skyrocketing house prices as it set a new record in March​

• Nevada added 3,500 jobs last month, bringing employment in the state to an all-time record high. Nevada again has the fastest-growing economy in the nation​

• The median price of an existing single-family home in Reno hit the $400,000 mark in March, a 21 percent increase from a year ago

• Real Estate Trends and Statistics – Reno (movoto.com)​

• Reno/Sparks Association of Realtors (RSAR) March 2018 Full Market Report, Area 100, Greater Reno/Sparks​

• The median home price in the Reno Sparks area in March was $375,000, up 18 percent from a year ago​

• U.S. News & World Report: Reno is No. 33 on the list of 125 most populous cities (#4 among markets of 500,000 or less) - What's it like to live in Reno, NV?

• Reno ranks significantly higher than Las Vegas on the U.S. News & World Report Best Places to Live list​

• High and tight: Reno's real estate housing crisis explained​

• Reno-Sparks makes the VeroFORECAST list of the projected top ten appreciating MSAs real estate markets in the USA 

• RENO, Nev. — Results of Nevada State Bank's fifth annual 2018 Small Business Survey, confidence in the Silver State's economy is at an all-time high.

• Tesla, Apple help spur Reno to higher bond ratings​

• Surging Housing Market Creates Influx of New Area Realtors

• Nevada as a whole — the Reno metro area in particular — is one of the brightest success stories in the post-recession era​

• The Reno/Sparks Association of REALTORS (RSAR) released its February 2018 report on existing home sales in Washoe County

• Reno Median Home Prices Set New Record

• Reno/Sparks Association of Realtors (RSAR) February 2018 Existing Home Sales Report​

• A new high: Reno-Sparks median house price breaks 12-year-old record

• Low inventory leads to rising rental home prices

• Annual Survey Shows Confidence In Nevada’s Economy At A Record High

• High Wages, High-Tech A Focus for Reno’s Future

• Austin Blockchain CEO Moves to Reno and Finds Success

• Tech leaders to explore Reno as possible industry location

• VentureBeat Blueprint to tout Reno recovery as tech roadmap for US heartland

• Continued growth of the Northern Nevada economy coupled with changes in California tax law sending residents fleeing CA in droves

• Nevada leads U.S. in job creation; 2.6 annual job growth rate expected through 2020

• Study: Rents Rise Again in Reno

• Reno-area market in for ‘challenging’ 2018?

• The Reno/Sparks Association of REALTORS (RSAR) released its January 2018 report on existing home sales in Washoe County

• Reno neighbor Sparks opened 2018 by breaking a record for median home price that has stood for more than 12 years

• New homes being built as Reno housing market continues to rise

• Nevada 3rd most popular state for movers, Reno seeing youth influx, Washoe County posted a higher rate of inbound relocations than the state as a whole​

• Affordable Housing Shortage in Sparks, Washoe County as Bad as Reno

• Developers planning 4,700-unit project at Butler Ranch in southeast Reno

• Zayo plans new long haul dark fibre route between Reno, Umatilla... Reno is a fast-growing data centre hub for webscale companies

• Nevada looks to embrace blockchain technology to further economic growth

• Technology Companies Seeking Local Talent for New Jobs​

• Bay Area company expands to Reno, helps autonomous drones avoid collisions

• Northern Nevada’s economy continues to climb, with big tech leading the way

• Nevada leads US in job creation

• Construction on Tahoe Reno Towne Center Could Begin This Year

• Reno-Sparks area retail market expansions on fast track in 2018

• Reno-Sparks apartment construction gains momentum — yet, rent continues to rise

• Nevada experienced the top growth of any state

• A mysterious “blockchain company” just bought 62 percent of a 162 square mile Industrial park near Reno

• Apple CEO Tim Cook joined Nevada Gov. Sandoval and Reno Mayor Schieve for groundbreaking on a new $4 million shipping and receiving warehouse in downtown Reno

• According to an economic research agency, Nevada is the fastest job producing state in the country

• National Geographic chose Reno as one of "The Best Cities in the U.S." 

• Reno-Sparks Association of Realtors said there are only 44 homes under $300,000

• Reno City Council hears possible solution for solving housing crunch

• Few Reno-Sparks homes for sale under $300,000

• Tech opportunities abound for Northern Nevadans in 2018

• Reno and Sparks face off in national magazines for best city to live in Nevada in 2018

• Industrial park that houses Tesla Gigafactory nearly sold out after Blockchains deal

• Most of Tahoe Reno Industrial Center sold to software company

• Amid white-hot Northern NV housing economy, Verdi development growth sparks concern

• Bay Area homeowners finding luxury bargains in Reno market

• Apple CEO goes to Reno for groundbreaking of warehouse

• Going, going: Reno-Sparks housing inventory hits record low

• Nevada 3rd most popular state for movers, Reno seeing youth influx

• Reno apartment rents have second highest increase in nation

• Reno median house down payment hits record high, 16th in nation

• Builders Hope Mid-Range Prices Make Existing Homes More Affordable

• What's expected in the real estate market in 2018?

• Reno-Sparks Rents Continue To Rise

• Retirees Moving to Mountain and Pacific West

• Reno/Sparks real estate: Expect fewer affordable homes in 2018

• Reno-Sparks Median Home Price Reaches $355,000

• Nevada Led the Nation in Private Sector Job Growth in First Half  of 2017

• New housing goals in Reno area not being met as housing crunch persists

• Less than 100 houses below $300K in Reno housing market

• The Future Of Tech In The High Sierra

• Is Reno Really the Next Silicon Valley?

• Reno - A magnet for startups

• A magnet for startups in Midtown Reno

• Job growth was a common thread driving Northern Nevada's economy 

• Northern Nevada's current wave of economic growth has the region's bankers largely bullish as a new year approaches

• Reno closes 2017 with 4th highest apartment rent spike in U.S.

• Nevada Subcontractors: Plenty of Work, Not Enough Workers

• Strong End of Year Home Sales Predicted for Reno

• Builders: Why Reno's New Housing is So Expensive

• The American Ski Towns (Reno)

• Reno's Airport Gets Big Boost From Online Shopping

• Big time expansion in Panattoni's plans for North Reno

• Reno Drafts New Master Plan To Keep Up With Booming Growth

• Oct. housing prices keep rising in Washoe

• Reno-Sparks Home Prices Near Another Record High

• Reno’s economic surge could last 10-20 years

• Reno housing market keeps heating up

• Housing crunch: White picket fence dreams in Reno’s nightmare housing market

• Home Price Increases Outpace Wages in Washoe County, Again

• Generation Innovation: Technology Advances Nevada Economy

• The Full Focus: Economic Development in Nevada

• How does the 2017 Real Estate Market Compare with 2016?

• Housing and rent prices continue to climb in northern Nevada, as the economy and the population grow, creating a higher demand 

• With so many tech firms leaving the Bay Area, Varshney said the region is getting overlooked as many are relocating to Reno

• Reno house prices see relief in August but record sales squeeze supply

• Nevada’s economy is getting healthier, according to 2016 U.S. Census Bureau data

• From last to first: Nevada leads nation in private sector job growth

• Framing Reno's housing market

• High housing costs are symptom of Reno's evolution

• Reno Rent Market at Record-High Prices, Near-Zero Vacancy

• New Apartments Open But Rents Remain High

• in the last five years, housing prices in Reno have risen by 76 percent, even after we adjust for consumer price inflation

• Housing crisis: The Tesla Effect

• Reno doesn't want to be next Silicon Valley: Mike Kazmierski

• Reno renters buckle from record-high apartment rent, near-zero vacancy

• Rising rents and shrinking supply, Reno’s housing situation is nearing crisis. We can't build homes fast enough and people continue to move here.

• Reno median home price hits all-time high

• Reno Mayor Expects Economic Momentum To Continue

• Reno market trends indicate an increase of $31,500 (11%) in median home sales over the past year

• Business Indicators: November 2017 - Washoe County experienced highly positive signals... Residential housing permits in July rose substantially by 26.6 percent from last year.

• Reno, Sparks and all of Northern Nevada have climbed out of the recession and our tourism industry is healthy and vibrant

• Top 10 Markets for Rent Growth - Reno #1... greatest occupancy growth over the year, so it is no surprise rents followed a similar pattern. 

• Reno Is Starting to Look More Like Silicon Valley

• Nevada ranks as the most dynamic state in the nation by a wide margin, nearly five points ahead of number two, Utah

• These Metro Areas Had the Top Job Gains Over the Past Year

• Home Prices Through The Roof Again--Time To Worry?

• Inside the Story: Solving the housing crunch in Reno-Sparks

• Apple announced plans Wednesday for a $1 billion expansion of its massive data center east of Reno

• Tesla Gigafactory 1 building permit reveals $28M “Section G” expansion adds to the already $1 billion in construction costs at Gigafactory 1

• Northern Nevada companies on hiring spree

• State and third party statistics show strong economic recovery across Nevada. FORBES ranks Nevada top of its inaugural American Dream Index

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Real estate information for Reno/Sparks MSA

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• RSAR Releases August 2018 Existing Home Sales Report

• Historical median sold data NNRMLS Area #100 (year over year, July '17 vs. '18, median home price up $35k to 390k)

• Reno Home Prices & Values - Zillow

• Real Estate Data for Reno - Trulia

• Northern Nevada Regional MLS (NNRMLS)

• Reno/Sparks Association of REALTORS® Market Reports

• Reno Sparks Association of Realtors® YouTube channel

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Information about ​Reno

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• #RENOTAHOE PHOTOS

• Visit Reno-Tahoe

• The Reno-Tahoe Territory 

• Reno-Tahoe Facebook

• @RenoTahoe

• How Reno is Making Its Case as More than a Tahoe Hub​​​

• 20 Things You Need to Know Before You Move to Reno

• The Reno City Council unanimously voted to adopt the updated City of Reno Master Plan

• Everything Reno

• City of Reno

• Visit Reno Tahoe

• So you want to move to Reno? 8 things you need to know first

• "Living Here" - Washoe County website

• Tahoe-Reno Industrial Center (TRIC)

• 8 Reasons to move to Reno

• Reno International Airport

• Economy at a Glance (Bureau of Labor Statistics)

• Unemployment Rate in Washoe County

• Unemployment Rate in Reno, NV

• Unemployment Rate in Nevada