I was doing some diggin' for info on allodial title, and found a website called
Nevada Corporate Planners, Inc. which describes how to obtain a statutory "Allodial Title". It sounds like some BS Nevada came up with to confuse people because it doesn't convey any rights one would associate with owning land in allodium. Here's some of the details:
A <font color=red>
person[/color] who owns and occupies a single-family dwelling, its appurtenances and the land on which it is located, free and clear of all encumbrances, except any unpaid assessment for a public improvement, may apply to the county assessor to establish allodial title to the dwellings, appurtenances and the land on which it is located.
The state treasurer then determines the amount which is required to be paid by the property owner to establish allodial title. This is done by using "a tax rate of $5 for each $100 of assessed valuation on the date of the application." NRS 361.900 (3). The treasurer must calculate, separately, the amount that must be paid in a lump sum, and for the payment in installments over a period of not more than 10 years. Id. These "amounts must be calculated to the best ability of the state treasurer so that the money paid plus the interest or other income earned on that money will be adequate to pay all future tax liability of the property for a period equal to the life expectancy of the youngest titleholder of the property."
If the property owner pays the lump sum amount calculated by the state treasurer, and submits proof that the home is a single-family dwelling occupied by the homeowner, and that the property is free and clear of all encumbrances except any unpaid assessment for a public improvement, "the state treasurer shall issue a certificate of allodial title[.]" NRS 361.900 (5). If the property owner enters into an agreement with the state to make installment payments (in lieu of a lump sum payment), the issue of a certificate of allodial title occurs upon the receipt by the treasurer of the last payment. NRS 361.900 (6), (8).
Once a property owner receives a certificate of allodial title, he is relieved from the payment of all further property taxes, "unless the allodial title is relinquished by the homeowner or his heirs." NRS 361.905 (2). Instead, the state treasurer is responsible for the payment of the taxes due. NRS 361.905 (3).
Once allodial title is established, it "is valid for as long as the homeowner continues to own the residence unless he chooses to relinquish the allodial title[.]" NRS 361.910 (1). Upon the death of an allodial title holder, the heir or heirs can reestablish allodial title by using the same procedure that the original property owner used. NRS 361.910 (1)-(9).
Link
here.
Sounds like a crock of **** to me!
Anthoner good story: When I had the idea of getting my appraisers license one of the appraisers/real estate agents happily told the class "Absolute title to the land is called 'Allodial Title', and only the government can hold land in allodium." Needless to say, I don't have my appraisers license
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