California vs Nevada

There are many differences between owning or selling property in CA vs. NV:

 

Lake Tahoe, California:
* More Single Family Homes Starting at More Affordable Prices
* More Multi-Family Properties
* Higher Property Taxes - Calculated at the Point of Sale
* Real Estate Taxes are Charged at 1% of the Sale Price Plus a Fixed Rate
   for County Taxes (.25% in El Dorado County); a Total of 1.25% Annually

Lake Tahoe, Nevada:

* Less Single Family Homes Starting at More Expensive Prices
* Lower Property Taxes & a Constitutional Ban on Personal Income Tax
* Owner Anonymity & Privacy with Protection for Directors & Officers
* 1-Person Corporations with Inexpensive Annual Requirements
* No requirements of Shareholders or Directors to live in NV
* No tax on issuance of corporate shares
* No Initial or Minimum Capital Required
* No Succession or Inheritance with IRS
* No Tax on Sale or Transfer of Shares
* No Sharing of Information with IRS
* No Corporate Income Tax
* No Gross Receipts Tax
* No Franchise Tax
* No Inventory Tax

All information is deemed reliable, but not guaranteed. Please consult with your tax professional prior to making any decision to purchase real estate or a business based on tax benefits.

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