NPTR: Alert #169: NOTICE TO ASSESSOR WILSON!!

[Wayne Fischer]

NOTICE TO ASSESSOR WILSON!!


ALERT: #169
DATE: April 19, 2008
TO: Incline Village & Crystal Bay Property Owners
FROM: Village League Tax Revolt Committee

Dear Incline Village & Crystal Bay Property Taxpayers,

In spite of Washoe County Assessor Wilson’s protestations to the contrary, yesterday’s Reno Gazette-Journal newspaper accurately reported that the average price of a home in Incline Village dropped by 31%.  And, sales of homes that sold for $1,000,000 or more decreased by 73%, while sales of homes that sold under $1,000,000 decreased by 50%.  (See below for excerpts of the article.)

These are staggering numbers, yet the Assessor doesn’t think that the housing slump has affected the Incline Village/Crystal Bay area; therefore, our taxes should continue to increase!!

He also has stated that no matter how much further the price of homes continues to decrease; the taxes owed by the homeowners will continue to increase by 3% per year.  This is difficult to understand, to say the least.

Given the information that was released today, I would suggest that you write or call the office of the Washoe County Assessor and ask for an explanation from Assessor Josh Wilson.

Josh Wilson
1001 East Ninth Street
Reno, NV 89520
Office: 775 328 2203 or 775 329 2233
Email: JGWilson at washoecounty.us


There will be more news in the near future – watch for your email Alerts.

Sincerely,

Maryanne Ingemanson, President
Village League to Save Incline Assets, Inc
www.NevadaPropertyTaxRevolt.org

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Village League to Save Incline Assets Board Members:
- Maryanne Ingemanson, President
- Dale Akers, Historian
- Les Barta, Law Research
- John Carney, Analyst
- Wayne Fischer, Webmaster
- Ted Harris, Tax Revolt Committee Chairman
- Todd Lowe, Financial,
- Chuck Otto, Public Relations 

Village League to Save Incline Assets, Inc.
Non-Profit Corporation - FEIN 88-0399029
1165 Vivian Lane, Incline Village, NV 89451
Phone: 775-831-4011, Fax 775-831-0325
www.NevadaPropertyTaxRevolt.org


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Reno Gazette-Journal, excerpts of the article on page 10A, 4/18/08


Average Tahoe home price drops below $1 million


The average price of homes throughout Lake Tahoe dropped below $1 million for the first time since 2004, with home sales at the lower end of the market seeing a significant increase in some areas.

……….

According to Chase International's first-quarter 2008 Tahoe-Reno statistics, the average price for a home at Lake Tahoe is now $909,919, a 38 percent drop from the previous average. Median home prices decreased 25 percent to $662,172.

………..

Incline Village: Some of the biggest decreases were reported in Incline Village, which reported a 73 percent decrease in sales volume and a 61 percent decrease in units sold. Sales of Incline Village homes under $1 million were down 50 percent while sales of homes priced above $1 million were down 71 percent.

The average price of an Incline Village home dropped 31 percent to $1,120,266, while the median price dropped 21 percent to $898,688.

………

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