Over 130,000 Housing Units Are at Risk in Nevada Alone!  

Did you know that there are 131,706 housing units in flood plains in Nevada? That represents over 11% of all housing units in our state.

Without Congressional action, the National Flood Insurance Program (NFIP) will expire on July 31, denying necessary insurance coverage to those homeowners and buyers.

Take action now and let your voice be heard!



  Free Water Service for Up to One Week in North Las Vegas  

We recently were made aware of a new program in North Las Vegas that allows REALTORS® to turn on the water on a property, at no cost, for up to a week so that showings and inspections can be scheduled. This could be extremely useful when a seller has moved and turned off the utilities to a property, but prospective buyers and home inspectors need the utilities on to make an informed decision about purchasing the home. "REALTORS® don't want to pay for clients' utility bills, and rightly so," North Las Vegas Mayor John Lee said. "We want these homes to sell and, at City Hall, we do everything possible to enable people to do business efficiently in our city."
 REALTORS® doing business in North Las Vegas may call 702-633-2697 or email cl_util_cs@cityofnorthlasvegas.com from 8:00 am to 5:30 pm Monday through Thursday to request same-day water service.

The City of North Las Vegas provides this service to real estate agents as a business courtesy, and REALTORS® don't have to worry about deposits or covering past-due balances associated with the property. They are connected quickly with a dedicated commercial liaison to bypass the general call line and reduce wait times for faster, better service.

Remember, check with the local municipality if you encounter a scenario like the one above-and it is generally in the sellers' best interest to keep the utilities on to avoid any glitches in the sale of a property.



  Truckee River Flood Management Ballot Question  

The Truckee River Flood Management Authority was authorized by the 2017 Nevada Legislature in Assembly Bill 375 to create the Truckee River Flood Control Project Needs Committee ("the Committee"). The Legislature specifically identified the Committee members, one of which was to be a REALTOR®. RSAR member Marge Frandsen was appointed to the Committee by NVR President David R. Tina. Additionally, within the legislation, the specific local government taxes to be considered for a funding source were outlined. Those taxes to be considered included:

  • Government Services Tax (vehicle registration),
  • Property Tax,
  • Transient Lodging Tax (room tax), and
  • Real Property Transfer Tax.
The Committee was required by the legislation to make a decision on which tax(es) and/or other fees to be included in the ballot question no later than April 2, 2018. That decision and the ballot question language was then to be referred to the Washoe County Commission. The Washoe County Commission accepted the language at their May 22, 2018 Board meeting.

The recommendation of the Committee was to place Property Tax on the ballot. The ballot question reads as follows:

Shall Washoe County be authorized to levy an additional property tax rate for the purpose of paying for the cost of designing, acquiring, constructing, improving and equipping a flood protection project by the Truckee River Flood Management Authority for the Truckee River in the amount of $0.0248 per $100 of assess valuation and for the Truckee River Flood Management Authority to issue up to $89,000,000 of general obligation bonds for those purposes? The bonds are expected to require a property tax levy of 30 years for each series of bonds from the dates of issuance. The tax will terminate when these bonds have been retired in approximately 30 years from the dates they are issued. The cost of the $0.0248 property tax levy for the owner of a new $100,000 home is estimated to average $8.68 per year. If this question is approved by the voters, any property tax as authorized by this question will be outside of the caps on the taxpayer's liability for property (ad valorem) taxes established by the legislature in the 2005 session and exempt from partial abatement from taxation as provided by NRS 361.4722, 361.4723 and 361.4724.

Additionally, the Committee identified "Direct Benefit Area" (DBA) fees to be assessed by and at the direction of the Truckee River Flood Management Authority. These fees will be assessed on those properties receiving a direct benefit from the flood project. The Committee identified three DBAs and provided a range of levels between $3 and $8 per 1,000 square feet. The Property Tax assessment will begin upon passage of the ballot question and end on the full payment of the bonds while the DBA fee will commence as the property/business begins to realize a benefit of the flood project and end on full payment of the bonds.

A group of local business representatives has been formed in support of the ballot question campaign. It is anticipated that the campaign will be named "Stop Truckee River Flood." The projected cost of the campaign still has to be determined but believed to be several hundred thousand dollars. The campaign group is seeking contributions to fund the campaign.

It is generally accepted that Real Property Transfer Tax was considered initially as the single tax with the least resistance for use in funding the project. Initial polling suggested this to be the case. In follow up polling, which better educated the polled voter and better explained the taxes, including the implications of increasing Real Property Transfer Tax, Property Tax was the most favored. Enough cannot be said of Marge Frandsen's role in advocating on behalf of REALTORS®.

The RSAR Board of Directors has voted to support the "Stop Truckee River Flood" campaign. It is believed that, though the property tax revenue can only be used to fund the Truckee River Flood Project, a major flood similar to the 1997 flood would seriously affect all residents of Washoe County.

RSAR will be hosting a REALTORS® Informed Voter Series to bring members up-to-date on some of the issues on the November ballot. The first in the Series is scheduled for August 29, from 2:00 pm to 3 pm at the RSAR office. The August Informed Voter Series will provide an opportunity for members to become more informed on the "Stop Truckee River Flood" campaign. Click here for more information on the REALTORS® Informed Voter Series.



  Douglas County Short-Term Rental Ordinance  

The Douglas County Planning Commission will kick off the public process discussing the proposed code amendments to the Vacation Home Rental Ordinance (chapter 5.40 of Title 5). The Government Affairs Committee has been involved in the discussions thus far and will be at the meeting to share concerns affecting your industry.

Next steps will be for the Planning Commission to provide a recommendation to the Douglas County Commissioners for their review and discussion at the August 2 meeting.



  Carson City Affordable Housing Taskforce  

Members of the Government Affairs Committee have participated and sat on the Carson City Affordable Housing Taskforce. This committee has been taking a closer look at the City's housing structure and hopes to identify some possible solutions. On July 25, from 11:30 am to 1:30 pm at the Fandango, there will be a Housing Summit that will discuss topics from the Committee. Please plan to attend and contact the SNAR office with any questions.



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July 13, 2018
 Inside this issue
2018 Major Investors
Investment completed as of July 11, 2018. Pledges listed for those who have invested at least $500 as of the above date.

Platinum R ($10,000+)

Jack Woodcock

Golden R ($5,000+)

Nancy Anderson
Sabrina Belleci (pledge)
Vandana Bhalla (pledge)
Chris Bishop (pledge
Diane Brown
Wendy DiVecchio
Ken Gragson
Azim Jessa (pledge)
Heidi Kasama
Patty Kelley (pledge)
Joanne Levy
Keith Lynam
Greg Martin
Doug McIntyre
Teresa McKee (pledge)
Bobbi Miracle (pledge)
George Peek
Linda Rheinberger
Brandon Roberts (pledge)
Buck Schaeffel
Kevin Sigstad (pledge)
Dave J. Tina
Dave R. Tina
Judie Woods

Crystal R ($2,500+)

Jillian Batchelor (pledge)
Thomas Blanchard (pledge)
Rosa Herwick
Soozi Jones-Walker (pledge)
Charlie Kitchen
Bill Process
Pam Reese (pledge)
Robert Andy Stahl (pledge)
Chantel Tilley (pledge)
Melissa Zimbelman (pledge)

Sterling R ($1,000+)

Christina Africk (pledge)
Eliot Alper (pledge)
Mark Ashworth (pledge)
Forrest Barbee
Scott Beaudry (pledge)
Wende Bell (pledge)
Becky Blankenburg
Lori Bottari
Paul Bottari
Mary Jo Brummer
Leslie Cain
Janet Carpenter
Sherrie Cartinella
Betty Chan
Teresa Chapman
Michael Clark
Christina Cova-Simmons
Shawn Cunningham (pledge)
Stephanie Dibbs (pledge)
Amber Diskin
Ellen Fahr
Tamara Fegert (pledge)
John Fisher
Kellie Flodman (pledge)
Jim Forbus
Bob Fredlund
Ernie Freggiaro
John Graham
Stephanie Grant
Eric Heinen
Cheryl Henning (pledge)
Danielle Hess
Suzett Hill (pledge)
Lori Jenkins
Ronald Johnson (pledge)
Tim Kelly Kiernan
Beth Kitchen
Jeanne Koerner (pledge)
Joan Kuptz
Timothy Kuptz
Erika Lamb
Laura Levine
Robert Little
Deborah Logan (plege)
Shyla Magee
Karen Marsa
Aldo Martinez
Gary MacDonald
Fred McElroy
Christopher McGarey
James McGuire
Margie McIntyre
JC Melvin
Theresa Meyer
Mark Miscevic
Laura Moline
Terrence Moore
Carol Murphy
Trish Nash (pledge)
Merri Perry
Debbie Primack
Pam Ricci (pledge) 
Yared Rivera (pledge)
Ricci Rodriguez (pledge)
Vincent Rossi
Kellie Rubin
Sarah Scattini (pledge)
Neil Schwartz
Sara Sharkey-Alexander
Krystal Sherry
Dusty Shipp
Sandee Smith
Lillian Spencer
Brad Spires
Katherine Tatro
Sandra Wakefield
Cherie Williams (pledge)
James Winer
Anita Woodcock-Garritano
Julie Youngblood
Kamyar Zargari

Association Corporate Investors

NV REALTORS® - Platinum R
NV Homeowners Alliance - Platinum R
GLVAR - Platinum R
Incline Village REALTORS® - Sterling R
Contact Nevada REALTORS®

For more information, please contact: