Seniors Flocking to Low-Tax States Like Nevada

Nevada pic
Nevada
Image: 55places.com

Thomas Jurbala received a bachelor of science in marketing from Purdue University and later earned his MBA from Loyola Marymount University. Currently based in Las Vegas, Nevada, Thomas Jurbala has nearly 20 years of experience in managing development projects from the ground up, including senior housing facilities, hotels, and condominiums.

As of 2016, Nevada has the eighth lowest property tax rate in the United States. While trends suggest young people are moving to states in the Northeast and Midwest with high property tax rates, the value of homes in those states have not risen as rapidly as those in low-tax states. New Jersey, for example, leads the nation with an average annual tax bill of $8,477, but the state’s average home value has only risen five percent in the recent national housing recovery effort. In comparison, Colorado has seen home values increase by 59 percent, all the while maintaining the nation’s third lowest property tax rate.

Markets in the West and Southeast with lower property taxes are luring more buyers. In particular, senior housing has become a lucrative market in Nevada. United Van Lines’ 2016 National Movers Study found that approximately 32 percent of the people surveyed cited retirement benefits as the main reason for their move to the state, whereas only 20 percent of movers cited the lifestyle benefits. Consequently, over 57 percent of the people who moved to Nevada in 2016 were over 55 years old. Overall, Nevada was the ninth-ranked state for inbound moves.

Three Underrated Travel Destinations in Brazil

Ilha do Mel pic
Ilha do Mel
Image: paradiseintheworld.com

Based in Las Vegas, Thomas Jurbala leverages a diverse background in real estate development to oversee senior housing investments at The Calida Group. Away from the office, Thomas Jurbala enjoys travel, and one of his favorite countries is Brazil.

Geographically, Brazil is the fifth largest country in the world. The 2016 Olympics Games in Rio brought a great deal of attention to the nation, highlighting its landscape and rich culture. Yet much of Brazil often goes unnoticed. Consider the following relatively unknown Brazilian travel spots.

Ilha do Mel (Honey Island). Located in the state of Paraná, the island offers a remote getaway where most people travel by bike or on foot. Local authorities try to limit the number of tourists who visit, so plan ahead.

Ouro Preto. In this friendly mining town, tourists find locals who enjoy visiting with guests. The town also features a selection of religious architecture filled with artwork. The drive from Sao Paulo to Ouro Preto takes just a few hours.

Farol de Santa Marta. This village in Santa Catarina features some of the best beaches and waves in the area, making it ideal for surfing enthusiasts. The village also provides a backdrop of peace and simplicity that many people look for in a vacation spot.