Legislators Push Change to Nevada Real Estate Property Taxes

Although the law would face an uncertain future when put to Nevada voters, its final hurdle before becoming effective, Nevada state Democrats' plan to have real property taxes reassessed upon sale passed in the state legislature in 2017 and is set for another vote in 2019. If successful, the measure would then go on the ballot for voter approval in 2020. The new system would be similar to the one already in effect in California.

Outrageous Property Tax Increases on the Horizon: Nevada Legislature Democrats Push SJR14 by Lyle Brennan, Nevada Business, December 1, 2018

Coalition to Stop SJR 14

According to a recent article published by the American Apartment Owners Association, a residential landlord

[who] is being sued by the state’s Attorney General over security deposit violations says his lease is to blame.... In a news interview, he explains that he found the form lease on a realtors’ website, and did not realize that the security deposit provisions in the form contradicted current security deposit laws in North Carolina.

Other landlords can learn from the mistake. When using online rental forms, be sure to choose forms from a source that has both state-specific and up-to-date forms. One problem with using forms from websites is the difficulty in determining whether the law has changed since the form was posted.

It’s always a good idea to run the online form past an attorney before using it for the first time. That way, you catch any mistakes early on, before mass-producing the problem for every tenant.

The Attorney General says he will be seeking a $5,000 penalty against the landlord for each security deposit violation.