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Talk to a Specialist →Year-one itemized cost ($700K home)
| Line item | Annual | Monthly |
|---|---|---|
| Del Webb / Aspen Lodge HOA | $1,920 | $160 |
| Somersett master association dues (est.) | ~$1,200 | ~$100 |
| Property tax (formula: $700K × 35% × $3.66/$100) | $8,967 | $747 |
| Homeowners insurance (foothill wildfire) | ~$2,600 | ~$217 |
| All-in (excl. mortgage/utilities) | ~$14,687 | ~$1,224 |
Somersett master dues are an estimate — confirm the exact figure for the specific home; it's the cost listings tend to omit. Excludes mortgage, utilities (note the real winter heating load at elevation), and maintenance.
10-year property tax projection (3% cap)
Once you've filed for the primary-residence cap, your tax bill can rise at most 3% per year from your year-one baseline:
| Year | Property tax | Year | Property tax |
|---|---|---|---|
| 1 | $8,967 | 6 | $10,395 |
| 2 | $9,236 | 7 | $10,707 |
| 3 | $9,513 | 8 | $11,028 |
| 4 | $9,798 | 9 | $11,359 |
| 5 | $10,092 | 10 | $11,700 |
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What's not in the table
- Income tax: $0. The offsetting good news — if you're coming from California or Oregon, your income-tax savings can exceed this entire all-in carrying cost. See the Nevada tax guide.
- Utilities lean toward heating at this elevation, not just summer cooling.
- Insurance is the variable to watch — foothill wildfire scoring can move this line materially. Get a real quote on the specific parcel.
Compare the all-in against the valley alternative on Sierra Canyon vs Regency at Damonte Ranch, or see every community ranked on the total cost comparison.
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Send the home and price; we'll itemize your true first-year cost and 10-year projection, including the actual Somersett dues.
Get Free Cost Math →Property tax from NRS 361.4723 assessment formula at ~$3.66/$100 Reno combined rate; HOA from current Del Webb dues; Somersett master dues and insurance are estimates pending the specific home. Illustrative, not quotes. Verified 2026.