kevin_standlee (
kevin_standlee) wrote2022-11-28 01:37 pm
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No Combo for Now
I checked into what it would take to combine the lot on which Fernley House sits with the newly-purchased adjacent lot. It turns out to be a lot more expensive than I expected: $2400 for the application fee, and it requires that the land be "reverted to acreage" and then re-divided. Besides, as the lot secures the loan we took out to purchase it, I expect that we can't — or at least shouldn't — fiddle with the boundary lines until we've paid off the loan.
Re: Boundaries
It's a private loan, not through a mortgage company or bank, and it wouldn't be difficult to agree, but I don't want to complicate things unnecessarily.
Yes. It's not that our property taxes for the things you mention are flat fees. They are all percentages of assessed value. However, Nevada has a "homestead" exemption that reduces the assessed value on your primary residence. The East Lot, being a separate property, will get assessed at the full rate, not the reduced rate, so yes, there is money involved.
Typo for "reverted," as noted above. I had not encountered the term until I started researching this. It doesn't mean having to level the entire property (including my own house!). What it means is that they temporarily remove the plat entirely, and thus for a brief time (I'm told it's probably only a few minutes while they do the record changes), all of the property (both lots) become unplatted open land, after which they change back into platted land with a revised lot designation.