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<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"
align=center><o:p><FONT face="Times New Roman" color=#000000
size=7> </FONT></o:p><B style="mso-bidi-font-weight: normal"><U><SPAN
style="FONT-SIZE: 24pt; COLOR: red"><FONT face="Times New Roman"
size=7>PROPERTY OWNERS ALERT # 39</FONT></SPAN></U></B><U><BR
style="mso-special-character: line-break"><BR
style="mso-special-character: line-break"><o:p></o:p></U></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"
color=#000000 size=3>DATE: <SPAN
style="mso-tab-count: 1">
</SPAN><st1:date Month="1" Day="20" Year="2004">Tuesday, January 20,
2004</st1:date><BR>TO: <SPAN
style="mso-tab-count: 2">
</SPAN><st1:place><st1:PlaceName>Incline</st1:PlaceName>
<st1:PlaceType>Village</st1:PlaceType> <st1:PlaceName>Crystal</st1:PlaceName>
<st1:PlaceName>Bay</st1:PlaceName></st1:place> Property Owners<BR>FROM:<SPAN
style="mso-tab-count: 1">
</SPAN>The <st1:State><st1:place>Nevada</st1:place></st1:State> Property Tax
Revolt<BR>SUBJECT: <SPAN
style="mso-tab-count: 1"> </SPAN>Appealing your
Property Taxes – More of - <U>What You Need to Know</U>.</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"
color=#000000 size=3>Dear Friends,</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><FONT
face="Times New Roman"><FONT color=#000000>We have heard that over 1,600
appeals have bee<SPAN style="mso-bidi-font-weight: bold">n</SPAN> filed with
the <st1:place><st1:PlaceType>County</st1:PlaceType>
<st1:PlaceName>Board</st1:PlaceName></st1:place> of Equalization by the
deadline of January 15<SUP>th. </SUP><SPAN
style="mso-spacerun: yes"> </SPAN>Property owners are now being
notified they are scheduled for hearings beginning Jan 22 and many are having
problems understanding the specific issues we are challenging.<SPAN
style="mso-spacerun: yes"> </SPAN>For many property owners, especially
the hundreds of property owners who are absentee owners, this is the first
time they have become aware there is a reason to appeal their Taxable Values
and are just beginning to learn how to go about presenting their appeal.<SPAN
style="mso-spacerun: yes"> </SPAN>We have had dozens of calls and e-mail
messages asking, <B>“</B>What do I do now that I have filed my
appeal?</FONT><B><SPAN style="COLOR: red"> </SPAN></B><FONT
color=#000000><SPAN style="mso-spacerun: yes"> </SPAN>And, how do I
appeal when I live far from the Reno area?<B>”</B> <SPAN
style="mso-spacerun: yes"> </SPAN></FONT></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><FONT
face="Times New Roman"><FONT color=#000000>Following is a list of “Frequently
Asked Questions” and a list of suggestions and points to make if you
</FONT><SPAN style="mso-bidi-font-weight: bold"><FONT
color=#000000>cannot</FONT><B><SPAN style="COLOR: red">
</SPAN></B></SPAN><FONT color=#000000>attend your scheduled
hearing.</FONT></FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt"><o:p><FONT face="Times New Roman" color=#000000
size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"
color=#000000 size=3>Q.<SPAN style="mso-spacerun: yes"> </SPAN><B
style="mso-bidi-font-weight: normal"><U>How do I appeal if I <SPAN
style="mso-bidi-font-weight: bold">cannot</SPAN> or choose not to appear at
the hearing in person</U>?</B> </FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT
face="Times New Roman" color=#000000 size=3>A.<SPAN
style="mso-spacerun: yes"> </SPAN>It is very important that you write a
letter to the Board of Equalization stating “For the Record” your reason for
objecting to the Taxable Value of your property.<SPAN
style="mso-spacerun: yes"> </SPAN>(See points to cover below)</FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT size=3><FONT
face="Times New Roman"><FONT color=#000000>Q.<SPAN
style="mso-spacerun: yes"> </SPAN><B
style="mso-bidi-font-weight: normal"><U>How can my properties Taxable Values
be too high if they are less than full cash
Value?</U></B><U><o:p></o:p></U></FONT></FONT></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT size=3><FONT
face="Times New Roman"><FONT color=#000000>A.<SPAN
style="mso-spacerun: yes"> </SPAN>Your taxable values are always less
than full cash value because the Assessor can not value property on full cash
value basis.<SPAN style="mso-spacerun: yes"> </SPAN>The law requires
that land value shall be valued at full market value based on comparable lot
sales.<SPAN style="mso-spacerun: yes"> </SPAN>The building shall be
valued based on a replacement cost index published by Marshall & Swift
less depreciation.<SPAN style="mso-spacerun: yes"> </SPAN>The Taxable
Value average in IV/CB is typically 50% to 70% of the sale price. <SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-bidi-font-weight: bold">When the assessor asks if you would you
sell your home for the taxable value, which is a “red herring”,<SPAN
style="mso-spacerun: yes"> y</SPAN>our response should be; “That
question is irrelevant.<SPAN style="mso-spacerun: yes"> </SPAN>I am
interested in determining if the taxable land value is correct and,
separately, if my structure’s replacement value is also
correct.”<o:p></o:p></SPAN></FONT></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><FONT
face="Times New Roman"><FONT color=#000000>Q. <B
style="mso-bidi-font-weight: normal"><U>What are the “illegal methods” being
used to value my property?</U></B><U><o:p></o:p></U></FONT></FONT></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><o:p><SPAN
style="TEXT-DECORATION: none"><FONT face="Times New Roman" color=#000000
size=3><U></U></FONT></SPAN></o:p></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in; mso-list: l5 level1 lfo6; tab-stops: list .75in"><FONT
face="Times New Roman"><FONT color=#000000><SPAN
style="mso-list: Ignore"><FONT size=3></FONT></SPAN></FONT></FONT> </P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in; mso-list: l5 level1 lfo6; tab-stops: list .75in"><FONT
face="Times New Roman"><FONT color=#000000><SPAN
style="mso-list: Ignore"><FONT size=3>a.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN><FONT size=3><B style="mso-bidi-font-weight: normal"><U>Using
“View Classifications”</U></B> to value property instead of comparable land
sales.<SPAN style="mso-spacerun: yes"> </SPAN>View classification
systems being used in Incline Village/Crystal Bay are arbitrary and subjective
and are not being used in any other area of the county or state.<SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-bidi-font-weight: bold">Even if a new law is passed to permit the
use of view classifications<STRONG>,</STRONG> f</SPAN>or the majority of
properties the appraiser <SPAN style="mso-bidi-font-weight: bold">will</SPAN>
not look at each individual property to determine the quality of the
view.<SPAN style="mso-spacerun: yes"> </SPAN>At the request of property
owners last year the assessor reviewed over 100 properties and they (the
assessors) were found to be wrong 70% of the time.<SPAN
style="mso-spacerun: yes"> </SPAN>Given this huge error rate how can you
expect me to accept this<SPAN style="mso-spacerun: yes"> </SPAN>as the
basis for my taxes without a re-evaluation</FONT></FONT></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in; mso-list: l5 level1 lfo6; tab-stops: list .75in"><FONT
face="Times New Roman"><FONT color=#000000><SPAN
style="mso-bidi-font-weight: bold"><SPAN style="mso-list: Ignore"><FONT
size=3>b.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN></SPAN><FONT size=3><B
style="mso-bidi-font-weight: normal"><U>Using Teardowns as comparable land
sales</U></B> by applying the full sales price to land value.<SPAN
style="mso-spacerun: yes"> </SPAN>Using the full sales price of a
property and calling it a teardown when it has not been torn down, and
assigning the total value of the sale to the land even though the house is
fully functional and may have a very high market value. </FONT></FONT><SPAN
style="mso-bidi-font-weight: bold"><FONT size=3><FONT color=#000000>Even using
the full sales price of a parcel where the house is torn down is not proper
because there are residual improvements that must be valued
separately.</FONT><SPAN style="COLOR: red">
<o:p></o:p></SPAN></FONT></SPAN></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in; mso-list: l5 level1 lfo6; tab-stops: list .75in"><FONT
face="Times New Roman"><FONT color=#000000><SPAN
style="mso-bidi-font-weight: bold"><SPAN style="mso-list: Ignore"><FONT
size=3>c.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN></SPAN><FONT size=3><B
style="mso-bidi-font-weight: normal"><U>Applying a “Time Value
Adjustment”</U></B> to sales that are four or five years old to up the value
of comparable sales.<SPAN style="mso-spacerun: yes"> </SPAN>Taking rates
of change in old sales prices for improved properties and claiming that they
describe trends is recent vacant land sales is indefensible.<SPAN
style="mso-spacerun: yes"> </SPAN>The both the Washoe County and State
Board of Equalization recently overturned this practice for Incline Lakefronts
during 2003.<SPAN style="mso-spacerun: yes"> </SPAN>Overturning its
application to all of the other areas and other years needs to be done.<SPAN
style="COLOR: red; mso-bidi-font-weight: bold"><o:p></o:p></SPAN></FONT></FONT></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in; mso-list: l5 level1 lfo6; tab-stops: list .75in"><FONT
face="Times New Roman"><FONT color=#000000><SPAN
style="mso-bidi-font-weight: bold"><SPAN style="mso-list: Ignore"><FONT
size=3>d.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN></SPAN><FONT size=3><B
style="mso-bidi-font-weight: normal"><U>Applying a “front foot” dollar value
formula to lake front properties</U></B>.<SPAN
style="mso-spacerun: yes"> </SPAN>This is not justified because there is
no valid correlation between lakefront sales prices and their front
footage.<SPAN
style="COLOR: red; mso-bidi-font-weight: bold"><o:p></o:p></SPAN></FONT></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.75in"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT
face="Times New Roman" color=#000000 size=3>Q.<SPAN
style="mso-spacerun: yes"> </SPAN><B
style="mso-bidi-font-weight: normal"><U>How can I appeal if there has been no
change in my assessment since last year?</U></B> </FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l1 level1 lfo5"><FONT
face="Times New Roman"><FONT color=#000000><SPAN
style="mso-list: Ignore"><FONT size=3>A.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN><FONT size=3>Your appeal should be based on the continued use of
illegal unsubstantiated methods used to arrive at the taxable value of
you<B>r</B> land. <SPAN style="mso-spacerun: yes"> </SPAN>None of these
valuation methods are supported by statute or regulation, and again are not
being used in any other county or the state.</FONT></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 30pt; TEXT-INDENT: -30pt; mso-list: l3 level1 lfo1; tab-stops: list .25in"><FONT
face="Times New Roman"><FONT color=#000000><B
style="mso-bidi-font-weight: normal"><SPAN style="mso-list: Ignore"><FONT
size=3>Q.</FONT><SPAN style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN></B><B style="mso-bidi-font-weight: normal"><U><FONT size=3>Why
we are so sure these valuation methods are
unfair?<o:p></o:p></FONT></U></B></FONT></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; mso-list: l2 level1 lfo4; tab-stops: list .25in"><FONT
color=#000000><FONT face="Times New Roman"><SPAN
style="mso-bidi-font-weight: bold"><SPAN style="mso-list: Ignore"><FONT
size=3>A.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN></SPAN><FONT size=3>The former top attorney for the state tax
department of taxation was shocked at what he considered the blatant disregard
for stat assessing regulations by the Washoe county Assessor.<SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-bidi-font-weight: bold">All property in the state is supposed to be
evaluated under fair and equal methods and procedures<B>.<SPAN
style="mso-spacerun: yes"> </SPAN></B>For example, sales prices have
risen some 50% in neighboring Douglas County Lake Tahoe properties while
taxable values have risen only 5%. In Incline, prices have actually leveled
out while taxable values on homes and condos have risen
50%.<o:p></o:p></SPAN></FONT></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B><SPAN
style="COLOR: red"><o:p><FONT face="Times New Roman"
size=3> </FONT></o:p></SPAN></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><B
style="mso-bidi-font-weight: normal"><U><FONT color=#000000><FONT size=3><FONT
face="Times New Roman">Following is an outline of points to cover when writing
to the Board of Equalization:<o:p></o:p></FONT></FONT></FONT></U></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 9pt"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 9pt"><FONT
face="Times New Roman" color=#000000 size=3>Examples of an opening statement
in your letter might be: </FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 9pt"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 9pt; TEXT-INDENT: -9pt"><FONT
color=#000000><FONT size=3><FONT face="Times New Roman"><B
style="mso-bidi-font-weight: normal"><I style="mso-bidi-font-style: normal">I
am an owner of property in Incline Village/Crystal Bay,
</I></B><st1:State><st1:place><B style="mso-bidi-font-weight: normal"><I
style="mso-bidi-font-style: normal">Nevada</I></B></st1:place></st1:State><B
style="mso-bidi-font-weight: normal"><I
style="mso-bidi-font-style: normal">.<SPAN style="mso-spacerun: yes">
</SPAN>My appeal of the taxes
assessed<o:p></o:p></I></B></FONT></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 9pt; TEXT-INDENT: -9pt"><B
style="mso-bidi-font-weight: normal"><I
style="mso-bidi-font-style: normal"><FONT color=#000000><FONT size=3><FONT
face="Times New Roman">against my home has been filed, and I am requesting
that this letter be read at my hearing
scheduled<o:p></o:p></FONT></FONT></FONT></I></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 9pt; TEXT-INDENT: -9pt"><FONT
color=#000000><FONT size=3><FONT face="Times New Roman"><B
style="mso-bidi-font-weight: normal"><I
style="mso-bidi-font-style: normal">before the Washoe
</I></B><st1:place><st1:PlaceType><B style="mso-bidi-font-weight: normal"><I
style="mso-bidi-font-style: normal">County</I></B></st1:PlaceType><B
style="mso-bidi-font-weight: normal"><I style="mso-bidi-font-style: normal">
</I></B><st1:PlaceName><B style="mso-bidi-font-weight: normal"><I
style="mso-bidi-font-style: normal">Board</I></B></st1:PlaceName></st1:place><B
style="mso-bidi-font-weight: normal"><I style="mso-bidi-font-style: normal">
of Equalization and be made part of the record and my
permanent<o:p></o:p></I></B></FONT></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 9pt; TEXT-INDENT: -9pt"><B
style="mso-bidi-font-weight: normal"><I
style="mso-bidi-font-style: normal"><FONT color=#000000><FONT size=3><FONT
face="Times New Roman">file.<o:p></o:p></FONT></FONT></FONT></I></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 9pt"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT color=#000000><FONT
size=3><FONT face="Times New Roman"><B style="mso-bidi-font-weight: normal"><I
style="mso-bidi-font-style: normal">I will be unable to attend the hearing on
my property tax appeal, but for the record I respectfully request
t</I></B></FONT></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT color=#000000><FONT
size=3><FONT face="Times New Roman"><B style="mso-bidi-font-weight: normal"><I
style="mso-bidi-font-style: normal">hat the
</I></B><st1:place><st1:PlaceType><B style="mso-bidi-font-weight: normal"><I
style="mso-bidi-font-style: normal">County</I></B></st1:PlaceType><B
style="mso-bidi-font-weight: normal"><I style="mso-bidi-font-style: normal">
</I></B><st1:PlaceName><B style="mso-bidi-font-weight: normal"><I
style="mso-bidi-font-style: normal">Board</I></B></st1:PlaceName></st1:place><B
style="mso-bidi-font-weight: normal"><I style="mso-bidi-font-style: normal">
of Equalization consider the following objections to the Taxable Value of my
property.</I></B><SPAN style="mso-spacerun: yes">
</SPAN></FONT></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 9pt"><B
style="mso-bidi-font-weight: normal"><I
style="mso-bidi-font-style: normal"><o:p><FONT face="Times New Roman"
color=#000000 size=3> </FONT></o:p></I></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 9pt"><I
style="mso-bidi-font-style: normal"><o:p><FONT face="Times New Roman"
color=#000000 size=3> </FONT></o:p></I></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 9pt"><FONT
face="Times New Roman" color=#000000 size=3>Following are the points you might
mention in your letter.<SPAN style="mso-spacerun: yes"> </SPAN>Not all
of these apply to every property; choose the points that fit your
property.</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 9pt"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 9pt"><I
style="mso-bidi-font-style: normal"><SPAN style="COLOR: #993366"><o:p><FONT
face="Times New Roman" size=3> </FONT></o:p></SPAN></I></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 63pt; TEXT-INDENT: -0.25in; mso-list: l4 level1 lfo2; tab-stops: list 63.0pt"><FONT
face="Times New Roman"><FONT color=#000000><SPAN
style="mso-list: Ignore"><FONT size=3>1.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN><FONT size=3><B style="mso-bidi-font-weight: normal"><U>I
believe the assessment of my property is unjust and inequitable.</U></B><SPAN
style="mso-spacerun: yes"> </SPAN>However because the assessor’s has
refused to provide specific comparable lots sales etc.<SPAN
style="mso-spacerun: yes"> </SPAN>pertaining to my property to NRS
361.227 (8), I have no knowledge about the basis of their assessment nor has
assessor explained the methods uses to arrive at the value of my
property.<SPAN style="mso-spacerun: yes"> </SPAN>Therefore I <SPAN
style="mso-bidi-font-weight: bold">have<B> </B></SPAN>been denied the
opportunity to respond.</FONT></FONT></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 63pt; TEXT-INDENT: -0.25in; mso-list: l4 level1 lfo2; tab-stops: list 63.0pt"><FONT
face="Times New Roman"><FONT color=#000000><B
style="mso-bidi-font-weight: normal"><SPAN style="mso-list: Ignore"><FONT
size=3>2.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN></B><B style="mso-bidi-font-weight: normal"><U><FONT size=3>I
have not received adequate notice of my
hearing.<o:p></o:p></FONT></U></B></FONT></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 63pt; TEXT-INDENT: -0.25in; mso-list: l4 level1 lfo2; tab-stops: list 63.0pt"><FONT
face="Times New Roman"><FONT color=#000000><SPAN
style="mso-list: Ignore"><FONT size=3>3.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN><FONT size=3><B style="mso-bidi-font-weight: normal"><U>The
assessor has used improper methods to value my property</U>.</B><SPAN
style="mso-spacerun: yes"> </SPAN>These methods are contrary to law and
to the regulation of the Nevada Tax Commission, and have resulted in an unjust
and excessive valuation of my property i.e. arbitrary view classifications,
inappropriate time value adjustment, and illegal use of teardowns. <SPAN
style="mso-bidi-font-weight: bold">My property was not evaluated under fair
and equal methods and procedures that are required by law to be uniform for
the entire state.</SPAN><o:p></o:p></FONT></FONT></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 63pt; TEXT-INDENT: -0.25in; mso-list: l4 level1 lfo2; tab-stops: list 63.0pt"><FONT
face="Times New Roman"><FONT color=#000000><SPAN
style="mso-list: Ignore"><FONT size=3>4.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN><FONT size=3><B style="mso-bidi-font-weight: normal"><U>I wish
to incorporate by reference into the record</U> </B>on appeal all of the facts
and testimony presented in the appeals of
<st1:place><st1:PlaceName>Incline</st1:PlaceName>
<st1:PlaceType>Village</st1:PlaceType></st1:place> properties for both the
2003/2004 AND 2004/2005 assessments.</FONT></FONT></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 45pt; TEXT-INDENT: -45pt"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 45pt; TEXT-INDENT: -45pt"><B
style="mso-bidi-font-weight: normal"><U><FONT size=3><FONT
face="Times New Roman"><FONT color=#000000>Point out specific factual issues
concerning your individual valuation:</FONT></FONT></FONT></U></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 45pt; TEXT-INDENT: -45pt"><B
style="mso-bidi-font-weight: normal"><U><FONT size=3><FONT
face="Times New Roman"><FONT
color=#000000><o:p></o:p></FONT></FONT></FONT></U></B> </P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 45pt; TEXT-INDENT: -45pt"><U><o:p><SPAN
style="TEXT-DECORATION: none"><FONT face="Times New Roman" color=#000000
size=3></FONT></SPAN></o:p></U></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 63pt; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo7; tab-stops: list 63.0pt"><FONT
face="Times New Roman"><FONT color=#000000><SPAN
style="mso-list: Ignore"><FONT size=3>1.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN><FONT size=3><B style="mso-bidi-font-weight: normal"><U>My View
is overvalued:</U></B><SPAN style="mso-spacerun: yes"> </SPAN>I<SPAN
style="mso-bidi-font-weight: bold">f</SPAN> you feel your view is obstructed
or esthetically impaired by trees, houses, parked cars, power lines, etc,
which may not have been considered by the assessor, describe the specific
examples of these.<SPAN style="mso-spacerun: yes"> </SPAN>If you have
photos of obstructions, or if you have photos of your view and you are sure
that it is overvalued, enclose these photos with your letter (standard 4x5
color photos will do) If you have little or no view, yet the assessor has
assigned a view value to your lot, this should be stated in your letter (you
can call the assessor’s office to find out whether they have assigned your
property a view classification).</FONT></FONT></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 63pt; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo7; tab-stops: list 63.0pt"><FONT
face="Times New Roman"><FONT color=#000000><SPAN
style="mso-list: Ignore"><FONT size=3>2.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN><FONT size=3><B style="mso-bidi-font-weight: normal"><U>My land
value is affected by adverse factors</U>:</B><SPAN
style="mso-spacerun: yes"> </SPAN>examples, irregularly shaped lots,
very small lots (less than ¼ acre), steep driveways, impaired access, inferior
location e.g. near a very busy highway or intersection, very low IPES score
limiting coverage, high altitude with excessive snow problems, adjoining
commercial or utility structures, easements, inability to build a garage, not
private, etc. – anything which would tend to diminish the value or
desirability of you land.</FONT></FONT></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 63pt; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo7; tab-stops: list 63.0pt"><FONT
face="Times New Roman"><FONT color=#000000><SPAN
style="mso-list: Ignore"><FONT size=3>3.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN><FONT size=3><U><STRONG>Comparable sales indicate a lower
value:</STRONG></U><SPAN style="mso-spacerun: yes"> </SPAN>If you know
comparable vacant lots which sol<SPAN
style="mso-bidi-font-weight: bold">d</SPAN> for lower values, list the
information (address, price, sales date, etc). Include any other information
about your land which you feel may diminish the value of you lot<B
style="mso-bidi-font-weight: normal">.<o:p></o:p></B></FONT></FONT></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 63pt; TEXT-INDENT: -0.25in; mso-list: l0 level1 lfo7; tab-stops: list 63.0pt"><FONT
face="Times New Roman"><FONT color=#000000><SPAN
style="mso-list: Ignore"><FONT size=3>4.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN><FONT size=3><B style="mso-bidi-font-weight: normal"><U>My
taxable value is excessive and inequitable:</U></B><SPAN
style="mso-spacerun: yes"> </SPAN>If you have information about the
market value of your property (a recent refi. Appraisal, a recent purchase,
etc. then do the following; a) Add up the assessor’s total appraised “taxable
value” of your land and improvements.<SPAN style="mso-spacerun: yes">
</SPAN>This information is available on your assessment notice and on your tax
bill – or you can get it over the phone from the assessor’s office. B) If this
total taxable value is more than <B>7</B>0% of the market value of your
property, then state the following in your letter, “My taxable value is
______% of the market value of my property.<SPAN
style="mso-spacerun: yes"> </SPAN>Because the average ratio in IV/CB is
70%, and because the average ratio of similar properties <SPAN
style="mso-bidi-font-weight: bold">around</SPAN> <st1:place>Lake
Tahoe</st1:place> is much lower, it is likely that my property is excessively
valued and is out of equalization with other properties.<SPAN
style="mso-spacerun: yes"> </SPAN></FONT></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 45pt"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 45pt"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoBodyTextIndent2 style="MARGIN: 0in 0in 0pt 27pt"><FONT
size=3><FONT face="Times New Roman"><FONT color=#000000><B
style="mso-bidi-font-weight: normal">Because the assessor’s valuation of my
property is excessive and inequitable I respectfully request the
</B><st1:place><st1:PlaceType><B
style="mso-bidi-font-weight: normal">County</B></st1:PlaceType><B
style="mso-bidi-font-weight: normal"> </B><st1:PlaceName><B
style="mso-bidi-font-weight: normal">Board</B></st1:PlaceName></st1:place><B
style="mso-bidi-font-weight: normal"> of Equalization to provide the following
relief:<o:p></o:p></B></FONT></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt 27pt"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 63pt; TEXT-INDENT: -0.25in; mso-list: l6 level1 lfo3; tab-stops: list 63.0pt"><FONT
face="Times New Roman"><FONT color=#000000><SPAN
style="mso-list: Ignore"><FONT size=3>1.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN><FONT size=3>The assessment of my property should be reduced to
the level of the assessment for 2002/2003</FONT></FONT></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 63pt; TEXT-INDENT: -0.25in; mso-list: l6 level1 lfo3; tab-stops: list 63.0pt"><FONT
face="Times New Roman"><FONT color=#000000><SPAN
style="mso-list: Ignore"><FONT size=3>2.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN><FONT size=3>The assessor should be directed to establish new
appraisal methods which are consistent with law and with the regulations of
the Nevada Tax Commission.</FONT></FONT></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 63pt; TEXT-INDENT: -0.25in; mso-list: l6 level1 lfo3; tab-stops: list 63.0pt"><FONT
face="Times New Roman"><FONT color=#000000><SPAN
style="mso-list: Ignore"><FONT size=3>3.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN><FONT size=3>My property should be reappraised on the basis of
correct and legal methods of appraisal adopted and approved by the Nevada Tax
Commission</FONT></FONT></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 63pt; TEXT-INDENT: -0.25in; mso-list: l6 level1 lfo3; tab-stops: list 63.0pt"><FONT
color=#000000><FONT face="Times New Roman"><SPAN
style="mso-list: Ignore"><FONT size=3>4.</FONT><SPAN
style="FONT: 7pt 'Times New Roman'">
</SPAN></SPAN><FONT size=3>I should be awarded a refund for any taxes paid in
excess of the amount justly due based on the difference in valuation resulting
from the reappraisal, together with interest on the excess
taxes.</FONT></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"
color=#000000 size=3>In conclusion, it is very important that each person
prepare an outline in their own wording using as many of the points above that
apply to your property.<SPAN style="mso-spacerun: yes"> </SPAN>For those
who <SPAN style="mso-bidi-font-weight: bold">cannot</SPAN> or choose not to
appear in person this outline should be presented in the form of a letter
mailed or faxed to the <st1:place><st1:PlaceType>County</st1:PlaceType>
<st1:PlaceName>Board</st1:PlaceName></st1:place> of Equalization.<SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-bidi-font-weight: bold">If you fax your appeal due to time
pressure, it is good practice to provide a follow up letter forwarding your
appeal.</SPAN><SPAN style="mso-spacerun: yes"> </SPAN>The emphasis here
is on individual letters and <U>not a form letter</U>.<SPAN
style="mso-spacerun: yes"> </SPAN>If a form letter were to be
used<B>,</B> the Bboard of Equalization could easily lump all these “same”
appeal letters together and make a consolidat<SPAN
style="mso-bidi-font-weight: bold">ed</SPAN> ruling.<SPAN
style="mso-spacerun: yes"> </SPAN>This is not what we want.<SPAN
style="mso-spacerun: yes"> </SPAN>With an individual letter your appeal
must be heard and acted upon. Your letter must be read into the official
record and they must make a decision on the points in your appeal and, they
must notify you of their decision.<SPAN style="mso-spacerun: yes">
</SPAN>Be sure to include your name address and parcel number in you
letter.</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"
color=#000000 size=3>Address and Fax:</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"
color=#000000 size=3>Washoe <st1:place><st1:PlaceType>County</st1:PlaceType>
<st1:PlaceName>Board</st1:PlaceName></st1:place> of Equalization:</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><FONT
face="Times New Roman"><st1:address><st1:Street><SPAN style="COLOR: black">PO
Box</SPAN></st1:Street><SPAN style="COLOR: black">
11130</SPAN></st1:address><SPAN style="COLOR: black">
<o:p></o:p></SPAN></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><FONT
face="Times New Roman"><st1:place><st1:City><SPAN
style="COLOR: black">Reno</SPAN></st1:City><SPAN style="COLOR: black">,
</SPAN><st1:State><SPAN style="COLOR: black">NV</SPAN></st1:State><SPAN
style="COLOR: black"> </SPAN><st1:PostalCode><SPAN
style="COLOR: black">89520-0027</SPAN></st1:PostalCode></st1:place><SPAN
style="COLOR: black"> <o:p></o:p></SPAN></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN
style="COLOR: black"><FONT face="Times New Roman" size=3>Fax
775.328.3641</FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><FONT
color=#000000><FONT face="Times New Roman">We have tried to cover as many
points and suggestions as possible to help you prepare an intelligent
appeal.<SPAN style="mso-spacerun: yes"> </SPAN>We hope this helps you to
a successful appeal. This alert will be posted on the home page of our web
site for future reference.<SPAN style="mso-spacerun: yes"> </SPAN>Good
luck to all.<SPAN style="mso-spacerun: yes">
</SPAN></FONT></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o:p><FONT
face="Times New Roman" color=#000000 size=3> </FONT></o:p></P>
<P><FONT face="Times New Roman" color=#000000 size=3>Regards,</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><STRONG><SPAN
style="FONT-SIZE: 18pt; COLOR: navy; FONT-FAMILY: 'Freestyle Script'">Ted</SPAN></STRONG></P>
<P><FONT face="Times New Roman" color=#000000 size=3>Ted Harris, Tax Revolt
Committee Chairman<BR>The Village League to Save Incline
Assets<BR>775-831-3914</FONT><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><BR><A
href="mailto: tedgh@nvbell.net">tedgh@nvbell.net<BR></A><A
href="http://www.NevadaPropertyTaxRevolt.org">www.NevadaPropertyTaxRevolt.org</A></SPAN></P>
<P><FONT color=#000000><B><SPAN style="FONT-SIZE: 9pt; FONT-FAMILY: Arial">The
Village League to Save Incline Assets Board of Directors:<BR></SPAN></B><SPAN
style="FONT-SIZE: 9pt; FONT-FAMILY: Arial">Maryanne Ingemanson, President --
Ted Harris, Tax Revolt Committee Chairman --Les Barta, Law<SPAN
style="mso-spacerun: yes"> </SPAN>Research -- Wayne Fischer, Webmaster,
Todd Lowe, Financial -- Dale Akers, Historian-- Chuck Otto, Public Relations
-- Joyce Anderson-Bock, Personal Relations</SPAN></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o:p><FONT
face="Times New Roman" color=#000000
size=3> </FONT></o:p></P></FONT></DIV></BLOCKQUOTE></BODY></HTML>