10 Reasons We Love Buying Land in Nevada

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10 Reasons We Love Buying Land in Nevada
By

Bart Waldon

Nevada, known as the “Silver State” for its mining heritage, offers beautiful stretches of desert, mountain ranges, and even lush valleys. With its wide-open spaces and independent culture, it has long attracted adventurers, risk-takers, and those seeking new frontiers. In recent years, Nevada has also become a popular destination for land buyers thanks to its low taxes, wide-open spaces, business-friendly environment, tourism economy, and ample recreational options.

Let’s explore the top 10 reasons why buying land in Nevada is an increasingly attractive opportunity for many buyers:

10 Reasons to Buy Land in Nevada

No State Income Tax and Low Overall Tax Burden

Unlike most states, Nevada does not have a state income tax for individuals or corporations. This makes it very tax-friendly for residents and businesses. There is also no inheritance tax or estate tax in Nevada. With lower taxes, land buyers can hold onto more of their capital for property expenses, construction, or investments.

While property taxes exist, statewide rates are about $1 per $100 of assessed value per county records—making them modest compared to other western states. Sales tax is higher at around 7-8% depending on county. Overall, taxes in Nevada rank among the lowest compared to U.S. states with income taxes. This stretches your money further when buying land.

Business-Friendly Regulations and Economy

In addition to low taxes, Nevada offers business owners and entrepreneurs minimal regulations, licensing, and compliance burdens. This makes it one of the most business-friendly states in America. Key industries like technology, manufacturing, warehousing, data centers, mining, healthcare, tourism/gaming, and construction are major drivers of Nevada’s thriving economy today.

The economic prosperity and easy licensing bring more infrastructure, amenities, companies, and visitors to Nevada over time. For land buyers, this also means potentially more demand, commercial uses, and higher property values for well-located parcels.

Abundant Tourism and Related Opportunities

As the home of world-famous Las Vegas and Lake Tahoe resorts, Nevada welcomes nearly 60 million visitors per year as of 2022. This massive influx of vacationers supports 212,000+ tourism industry jobs while generating $67+ billion in economic impact statewide.

For land buyers, Nevada’s robust tourism provides diverse business possibilities like hotels, resorts, restaurants, RV parks, campgrounds, rental homes, entertainment venues, retail, and supporting services. Proximity to top attractions can enhance land value. Tourism also brings ongoing demand for temporary housing, fuel, food, transportation, and construction—further benefiting local economies.

Open Spaces and Wide Range of Terrain

Nevada is America’s 7th largest state by area, covering over 110,000 square miles. Within its vast borders, you find everything from barren deserts to rolling sagebrush plains, rugged mountains ranges climbing over 13,000 feet, verdant wetlands teeming with wildlife, ancient forests, and fascinating geological formations.

For land buyers, this diverse landscape equals choice between secluded rural holdings, lands abutting key recreation areas, properties with water/mineral rights, majestic views, and more. The wide-open spaces also mean readily available large acreage parcels at reasonable rates in many regions. Whether seeking isolation, resources, beauty or proximity, buyers can likely find their ideal terrain.

Minimal Restrictions and “Live Free” Culture

In addition to open spaces physically, Nevada offers fewer legal restrictions on how owners can live on and use their private lands relative to other states. For example, there are very minimal gun laws should owners wish to shoot or hunt. Water collection via wells or renewable energy systems like solar have fewer barriers. Options for off-grid living are more expansible with simplicity regarding access roads, construction codes, livestock, vegetation clearing, and other owner preferences.

This freer legal environment combined with Nevada’s legendary live-and-let-live, libertarian culture gives land buyers and residents more control over their properties. Locals also respect privacy and private property rights across the state.

Growing Retirement Haven

Nevada is an increasingly popular destination for retirees thanks to the warm climate, lack of income tax, more reasonable cost of living compared to California and other western states, and amazing natural beauty with ample leisure options. Money goes further here letting seniors make the most of their retirement nest egg through land ownership, relocation, or part-time residency.

Las Vegas and Reno offer city amenities and healthcare infrastructure retirees need while quieter regions provide sanctuary, nature access, and tranquility. Either way, Nevada lets retirees optimize finances and enjoyment. The surge in relocations also creates economic growth, housing/land demand, and opportunities.

Prime Location for Logistics and Travel

Centrally located, Nevada provides easy access to the entire western U.S. region by road, rail and air. It intersects major interstate highways connecting the Pacific Coast, Midwest and Southwest. Main rail lines slice through the state carrying freight and passengers. International airports in Las Vegas and Reno offer cheap flights almost anywhere.

For land buyers, Nevada’s logistics mean minimal hassles visiting your property or accessing millions of customers if launching a business. It also means steady infrastructure upgrades and growing warehousing/shipping demand as e-commerce booms. Nevada lands near intricates or airports offer innate value.

Year-Round Outdoor Recreation

From hiking and biking to horseback riding, camping to climbing, skiing to water sports and desert four wheeling adventures, Nevada serves up limitless four-season outdoor excitement on public lands for residents. Its varying geography blankets the state with awe-inspiring national/state parks, conservation areas, recreational lands, ski resorts like Lake Tahoe, and the newest national monument at Basin and Range.

For land buyers who crave outdoor living, Nevada borders some of the West’s most spectacular public playgrounds. Even basic property holdings gain value if located by recreational access points or vistas. Quality of life soars when minutes from trails rather than hours. And opportunities abound to launch tourism recreation businesses.

Investing Early in Fast-Growing Regions

While portions of rural Nevada remain undiscovered, major cities like Las Vegas and Reno plus revitalizing areas such as Lake Tahoe and Northern Nevada are undergoing surges in population and development. In 2021, the Silver State grew faster than any state gaining 37,000 new residents drawn by the business climate, lack of taxes, value proposition and dynamism.

Savvy land buyers target up-and-coming neighborhoods, suburbs or communities poised to flourish from increasing activity. Invest early before property rates boom to maximize value growth in a short period. Even remote lands gain worth if sectors like mining, renewable energy or cannabis rise nearby. Planning ahead pays off.

Affordability Compared to Nearby States

For in-state residents buying land close to home as well as out-of-state buyers’ comparisons, Nevada real estate remains affordable relative to nearby popular states like Arizona, California, Colorado, Idaho, Oregon or Utah where property prices skyrocketed in recent years partly due to overwhelming migration influxes.

In 2022, median home prices reached $525,000 in California and $591,000 in Colorado while hovering around only $398,000 in Nevada. Typical per-acre raw land prices show similar disparities—offering buyers more bang for their buck investing in the Silver State’s soils. For all its advantages, Nevada remains a hidden gem. But likely not for long as more discover its secrets everyday!

Final Thoughts

With the compelling combination of vast scenic landscapes, abundant natural resources, a strong tourism-driven economy, business-friendly policies, tax advantages, retirement appeal, affordability, and proximity to the West’s spectacular recreational playgrounds, Nevada clearly offers land buyers incredible opportunities today. Whether seeking property for personal enjoyment, future retirement, remote investment, or commercial ventures, you’ll find ideal parcels meeting every need and budget across this diverse state shaped by pioneers. And by buying at current value rates before the secret gets out, savvy investors stand to grow equity substantially as “The Silver State’s” development, population and prosperity expand exponentially thanks to nonstop migrations from less affordable areas. 

So, for those longing for wide-open spaces far from crowds, hungry for adventure, or simply seeking profits through strategic property ownership—come stake your claim in Nevada’s soils before prices climb sky-high. The time is now to buy your piece of the Nevada dream.

Frequently Asked Questions (FAQs)

What kind of land is most available for purchase in Nevada?

Nevada has a diverse landscape, with desert, mountain, and valley terrains available. There is a lot of open, undeveloped land, so buyers can often find large acreage rural properties ideal for privacy, agriculture, renewables, conservation, or recreation at affordable rates compared to nearby states.

Does Nevada land generally appreciate rapidly in value?

In fast growing regions like Las Vegas and Reno, land value does rise quickly compared to rural areas. However, across Nevada, land remains undervalued overall and poised for steady gains as more migrants discover Nevada's benefits. Investing early allows maximizing growth potential before prices climb too high.

Is financing readily available for buying Nevada land?

Financing land purchases in Nevada depends on factors like the property type, buyer details, and whether the land has utilities/infrastructure. Rapidly developing areas often have more financing options. With large swaths of rural land, buyers may need to make cash offers or have construction loans ready.

What natural hazards or risks exist when buying Nevada property?

Wildfires occasionally impact northern wooded areas while flash flooding can occur in the southern desert. The rare earthquake is mostly small scale due to distance from boundaries of active tectonic plates. Overall, Nevada has modest environmental hazards compared to other western states.

What are property taxes like in Nevada for land buyers?

Nevada property taxes are collected by and stay within each county, averaging about $1 for every $100 in assessed valuation statewide. Exact rates range from $0.60 to $3.66 per $100 depending on the county and budget needs. Taxes are affordable compared to nearby states with income tax too.

About The Author

Bart Waldon

Bart, co-founder of Land Boss with wife Dallas Waldon, boasts over half a decade in real estate. With 100+ successful land transactions nationwide, his expertise and hands-on approach solidify Land Boss as a leading player in land investment.

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