Reno is the county seat of Washoe County, Nevada. The documented 2000 census reveals that Reno had a total population of 180,480, becoming the third largest city in Nevada, after Las Vegas and Henderson. Recent estimations place the population of the city at 207,000. Reno lies twenty-six miles north of the Carson City, which is Nevada's state capital, and 22 miles north east of Lake Tahoe in the high desert. Reno is recognized as The Biggest Little City in the World and is renowned for its casinos. Reno is the commercial head office for International Game Technology. International Game Technology constructs most of the world's gaming and gambling slot machines.
There are four seasons in Reno. The winters witness snowfall, though it is rarely heavy. Most precipitation happens in winter and spring, with summer and fall being very dry, much like the neighboring California. The low humidity and high elevation usually make even the hottest and coldest days fairly tolerable. July, high and low temperatures average at 91 and 51, while in January this falls to 45 and 22.
Reno is a great place for trade. In Reno there is no corporate income tax or personal income tax. In addition, there is no estate or gift tax, unitary tax, permit tax, stock tax or permit tax levied on earnings
In recent times, Reno has undergone rapid growth as a strong economic entity. The expenses of living in Reno are less than most parts of California and this has resulted in a real estate boom. New constructions are emerging up all over the city and in the surrounding valleys. A direct consequence of such speedy growth in Reno has been the drastic rise in housing prices. Reno-Sparks is being considered as one of the most overestimated housing markets in the nation.
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