Market Overview

Las Vegas Officials Demand Tax Hikes In The Face of Voter Opposition

Desert Property Investor today announced that it will keep a close eye on developments relative to Clark County's recent "Government Summit" during which local officials were vocal, and adamant, about the need for property tax increases in the face of preeminent voter opposition.

Henderson, NV (PRWEB) November 28, 2012

The Desert Property Investor, relying on information contained in the Las Vegas Review Journal online, concluded that as much as new property tax revenue might be necessary in Clark County (for strengthening infrastructure) the will of the voters was "dead set" against new taxes. A classic impasse. Desert Property Investor reached its decision after reading comments in the Review Journal from frustrated city council members; further, the Journal reported, voters recently turned down an ostensibly sensible school construction levy, would cause a most enlightened real estate investor to see in this situation all the earmarks of an impasse.

Desert Property Investor issued a caution to those interested in buying investment property in Las Vegas, wondering if property taxes might ever be raised there -- or whether the situation will remain "up in the air." Desert Property Investor announced its preference for Arizona home rentals as a more progressive alternative--rentals presently rising in value within a neighboring state endowed with a less intractable, and volatile, legislative climate.

At Clark County's recent Government Summit, officials lamented the lack of popular support for raising new revenue through various taxation vehicles, including property tax increases. Clark County voters remain staunch in opposition: an impasse*

An impasse is when two sides of an argument become hopelessly deadlocked, and no
forward progress can be made.

Desert Property Investor announced their intention to stay abreast of developments in Clark County, Nevada, where government officials' insistent calls for tax increases continue to fall on "deaf ears."

About Desert Property Investor:
Desert Property Investor evaluates opportunities, pitfalls, services, and legislation related to the investment in residential property in the California, Arizona and Nevada deserts.

For the original version on PRWeb visit: http://www.prweb.com/releases/prwebnevada-government-summit/school-construction-levy/prweb10167311.htm

 

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