Happy New Year and New Laws!
Here’s wishing you the best and brightest of New Year’s!
On the legal front, Nevada passed 521 new bills in 2005 and while many are already in effect, a few take effect starting on January 1, 2006. One of these new bills provides an extension to Nevada homeowners entitled to a 3 percent cap on their property tax bills as a result of a relief plan approved by the 2005 Legislature. The “trailer bill” that takes effect on January 1, extends the time frame until June 30, 2006 to apply - if howmowners can show good cause for not applying at their first opportunity in 2005. So buyers and sellers alike can benefit from this extension if they have not already taken advantage of the relief plan.
Until next week and next year, from all of us here at Las Vegas Homes and Real Estate wish you the most prosperous of New Year’s.
