The tax rate of Proposition 13 is between 1.1% and 1.25%. The variance is dependant upon on each county's additional tax policies, if any. If a home has a value of $250,000, for example, the annual property tax in California ranges from $2,750 to $3,125.

The assumption behind the proposition is that new owners pay about 1/3 of the property taxes that they would without Proposition 13. The initiative is intended to keep the general level of property taxation lower and fairer.

In most states, when property values increase, so does the property tax bill. In some states If value doubles, so does the annual tax. Proposition 13 limits the maximum allowable tax increase to 2% of the prior years total tax per year (not 2% of value). Proposition 13 makes way for new buyers to know exactly what their taxes will be next year, in five years, and in 30 years. California believes this is reassuring information for those who plan to live in their homes when they retire.

When considering tax benefits it is important to understand that taxes are a political consideration and are subject to change by the Nevada Legislature and various county and local entities. If our benefits are important to you, we recommend that you seek the counsel of your accountant or tax professional.

Among some of the current tax benefits that are attractive to many of our Buyers:
• Constitutional ban on personal income tax.
• No corporate income tax
• No gross receipts tax
• No franchise tax
• No inventory tax
• No tax on issuance of corporate shares
• No requirements of Shareholders & Directors to live in NV
• No tax on sale or transfer of shares
• No succession or inheritance with IRS
• No sharing of information with IRS
• Low property taxes

Other corporate and business ownership benefits:
• Business friendly culture
• Nevada has the lowest income tax in the United States.
• Nevada has some of the best corporation laws in the country today.
• In 1987, the Nevada legislature revised the business corporation laws for maximum flexibility,   maximum benefits and minimum regulation.
• One person can hold all positions in a Nevada corporation.
• There is no requirement for names of stockholders to be filed with the state of Nevada.   Stockholders are anonymous, not a matter of any public record.
• Nevada is the only state in the nation that does not share information with the Internal   Revenue Service. Nevada has a strong public policy of protecting the privacy of its corporate   citizens.
• Nevada does not require you to file a list of assets. Your Nevada corporation must only file an   annual list of Officers and one individual can serve in all positions.
• A Nevada corporation can issue shares of stock to the "bearer" which are owned by whoever   physically holds the stock.
• Nevada has some of the lowest annual filing fees in the country.