First, the Nevada side of South Lake Tahoe is a great area to buy and live because of the low property taxes and no state income tax.

Bankrate Tax Guide By State

Bankrate Tax Guide For Nevada

Bankrate Tax Guide for California

Nevada Secretary of State Low Tax Climate

Nevada Secretary Additional Tax Info

Second, Lake Tahoe is recognized for second home ownership.

• Barrons Ranks Lake Tahoe in Top 10 Best Places for Second Homes

• CNBC Second Home Article

Third, Lake Tahoe wins wins numerous awards as a travel destination.

• Rand McNally recently announced Lake Tahoe the No. 1 ski destination for 2010-11 season based on travel bookings when compared to other winter locations throughout the United States and Canada.

• No. 1 Travel Destination in the U.S. (2010, 2008)- TripAdvisor

• No. 1 ski destination for three consecutive years- Orbitz

• Numerous designations from SKI Magazine, Skiing Magazine, Transworld Snowboarding for diverse categories such as snow quality, scenery, off-hill activities, and terrain parks for Heavenly Mountain Resort, Kirkwood Mountain Resort and Sierra-at-Tahoe.

Fourth, if you are looking to purchase with renting in mind, Nevada is considered a landlord friendly state.

• Nevada NRS Code 118A Landlord and Tenant: Dwellings

***Launch Lake Tahoe, Inc. does not guarantee the accuracy of tax or real estate related information and recommends each individual verifies with his or her personal tax attorney and/or real estate attorney.