<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE>Nevada Property Tax Revolt</TITLE><BASE
href=http://nevadapropertytaxrevolt.org/alert50>
<META http-equiv=content-type content=text/html;charset=iso-8859-1>
<META content="MSHTML 6.00.2800.1400" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#4682b4>
<DIV> </DIV>
<TABLE height=2299 cellSpacing=0 cellPadding=0 width=750 align=center
bgColor=#b0c4de border=0 usegridy usegridx showgridy showgridx gridy="10"
gridx="10" cool>
<TBODY>
<TR height=56>
<TD vAlign=top align=left width=749 colSpan=4 height=56 xpos="0"><IMG
height=56 alt="" src="images/HeadImage.jpg" width=749 border=0></TD>
<TD width=1 height=56><SPACER height="56" width="1" type="block"></TD></TR>
<TR height=14>
<TD width=1 height=2242 rowSpan=2><SPACER height="2242" width="1"
type="block"></TD>
<TD vAlign=top align=left width=179 height=2242 rowSpan=2 xpos="1">
<TABLE cellSpacing=0 cellPadding=8 width=160 bgColor=#f0f8ff border=0>
<TBODY>
<TR>
<TD><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1><BR><A href="index.html" target=_top>Home</A></FONT>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1><A href="pages/Forms.html">Forms</A></FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1><A href="pages/NewsArticles.html" target=_top>News
Articles</A></FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1><A href="pages/AlertArchives.html" target=_top>Alert
Archives</A></FONT></P>
<P><A href="pages/TaxLinks.html"><FONT
face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>Tax Links
& other<BR>Taxing Information</FONT></A></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1><A href="pages/LegalSupport.html" target=_top>Legal Support
&<BR>the Lawsuit</A></FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1><A href="pages/AlertEmailList.html" target=_top>Subscribe
to<BR>Alert Email List</A></FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1><A href="pages/AboutUs.html" target=_top>About
Us</A></FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1><A href="pages/Contributions.html"
target=_top>Contributions</A></FONT></P>
<P>.</P></TD></TR></TBODY></TABLE></TD>
<TD width=569 colSpan=2 height=14><SPACER height="14" width="569"
type="block"></TD>
<TD width=1 height=14><SPACER height="14" width="1" type="block"></TD></TR>
<TR height=2228>
<TD vAlign=top width=563 height=2228 xpos="180" csheight="2228" content>
<DIV align=center>
<P><B><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular color=red
size=+2>Tax Revolt Making Huge Progress</FONT></B></P></DIV>
<DIV align=left>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1><B>ALERT:</B> #50<BR><B>DATE:</B> Monday, June 27,
2004<BR><B>TO:</B> Incline Village & Crystal Bay Property
Owners<BR><B>FROM: </B>Nevada Property Tax Revolt Committee<BR></FONT></P>
<P><B><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>Dear
Fellow Incline Village & Crystal Bay Property Owners,</FONT></B></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>The
Nevada Tax Commission Hearing last Friday was the culmination of many
workshop meetings. At every one of these meetings, representatives from
the Village League were in attendance fighting for our cause of creating
equitable and improved property tax assessments.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>After
several preliminary accolades and one minor wording change, the Commission
unanimously voted to approve the Nevada Revised Statues that pertain to
property tax appraisals. Over 50 people from Incline attended this portion
of the hearings. Not only will Incline Village and Crystal Bay property
owners benefit from the much improved statute changes, but so will all
Nevada property owners.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>After a
lengthy and hard fought year long battle arguing revisions in regulatory
language, you may ask, what does the unanimous decision by the Nevada Tax
Commission mean to the taxpayer? </FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>Our
esteemed Assessor, Bob McGowan, in his usual superficial way, would say
that the "changes bring better clarity to the laws". I would say, B.S. The
new policies will have profound effects on how much tax we are assessed
and bring about assessment methods that are more fair and more
equitable.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>No
longer can the assessors do drive-bys and cherry-pick view designations.
Views must be assessed from the land not the dwelling. This will have
profound effects for the 6700 homes and condos in Incline and Crystal Bay
by resulting in lower view classifications. The Assessors may actually
have to get out of their vehicle to do an assessment. No longer will "tear
downs" have all of the total value of the sale attributed to the land
when, in fact, it is not a tear down at all. Tear downs must have proof
that they are in fact tear downs. The new language states the land can be
used as a comparable land sale "if vacant at the time of sale".
</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>Why is
this important? Because the land values in the neighborhoods where the
so-called tear downs are will not have the inflated land value as a
comparable to their house.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>These
are but two significant examples of the change. We will be vigilant and
diligent to ensure the intent of these changes are followed by the
Assessors Office. The following article provides an excellent summary of
our major victory. </FONT></P>
<DIV align=left>
<DIV align=left>
<DIV align=left>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1>Sincerely,</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=+2><I>Ted</I></FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1><B>Ted
Harris,</B> Tax Revolt Committee Chairman<BR>The Village League to Save
Incline Assets<BR>775-831-3914<BR><A
href="mailto:%20tedgh@nvbell.net">tedgh@nvbell.net</A><BR><A
href="http://www.NevadaPropertyTaxRevolt.org">www.NevadaPropertyTaxRevolt.org</A></FONT></P></DIV></DIV></DIV>
<DIV align=left>
<DIV align=left>
<P><B><FONT size=-1>The Village League to Save Incline Assets Board of
Directors:</FONT></B></P>
<UL>
<LI><FONT size=-1>Maryanne Ingemanson, President</FONT>
<LI><FONT size=-1>Ted Harris, Tax Revolt Committee Chairman</FONT>
<LI><FONT size=-1>Les Barta, Law Research</FONT>
<LI><FONT size=-1>John Carney, Analyst</FONT>
<LI><FONT size=-1>Wayne Fischer, Webmaster</FONT>
<LI><FONT size=-1>Todd Lowe, Financial</FONT>
<LI><FONT size=-1>Dale Akers, Historian</FONT>
<LI><FONT size=-1>Chuck Otto, Public Relations</FONT>
<LI><FONT size=-1>Joyce Anderson-Bock, Personal Relations</FONT>
</LI></UL></DIV></DIV></DIV>
<DIV align=center>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1>--------------------------------------------</FONT></P></DIV>
<DIV align=left>
<DIV align=center>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=+2><B>'Huge victory' for Incline tax payers</B></FONT></P></DIV>
<DIV align=left>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>Erin
Roth<BR>Bonanza news editor<BR>June 27, 2004</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>The
packed Carson City legislative room erupted with applause as Nevada Tax
Commission Chair Barbara Campbell announced, after a deep sigh of relief,
"We now have a permanent regulation."</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>Friday
morning marked a "huge victory" for Incline and Crystal Bay taxpayers when
the tax commission unanimously voted to change assessed property tax
regulations, said Les Barta, a director for the Village League to Save
Incline Assets, a local homeowners group protesting assessed property
values.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>"Today
is a great day," Village League President Maryanne Ingemanson said Friday.
"We're thrilled to death. It is a huge win."</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>The
Village League with the Department of Taxation and the Tax Commission
worked for almost a year to arrive at the consensus language, which was
adopted into law Friday.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>"One of
the avenues to effect real change is to get into the guts of language,"
Barta said.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>The new
regulations will be effective as of July 1.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>"We
expect this will bring significant relief in property taxes," he said.
"Abusive appraisal methods and highly objectionable tax methods have
ended."</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>Past
rule and regulation problems fell into the categories of tear-downs, view
categories, time adjustments, condo land values and beach-rock ratings,
Ingemanson explained.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1>"Anytime you can make things clearer, it benefits everybody," said
Washoe County Assessor Bob McGowan. "I hope this gets us to where we all
want to be - at a more stable form of property evaluation. We've come a
long way in making things clearer and more understandable as to what the
process is and where questions arise - we have a clearer place to go."
</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>The
most significant results from Friday's victory include:</FONT></P>
<UL>
<LI><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>A
property that is improved with a house may not be considered a tear-down
unless it is vacant at the time of the sale and remains
vacant.<BR><BR></FONT>
<LI><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>All
view adjustments must be made from the ground and not from the living
area of the home.<BR><BR></FONT>
<LI><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>The
1 percent per month time adjustment, previously used be the assessor,
can go back no more than 36 months and must be based on current market
evidence.<BR><BR></FONT>
<LI><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1>Condominium land values cannot be based on single-family
residential comparable parcels, only on comparable condominium land
values.<BR><BR></FONT>
<LI><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>The
elements of comparison that the assessor may use do not include rocks on
the beach. The current assessment method adds $2,500 per foot to each
change in the 5-step category made for the amount of rocks on the
beaches. As the average beach width is 100 feet, just the difference
between first and fifth category of the rocks can add $1,250,000 to the
value of a lakefront property.</FONT> </LI></UL>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>The new
regulations will force tax assessors to adhere to a stricter framework,
said Nevada Tax Commission Senior Deputy Attorney General Greg Zunino. And
under the new regulations, tax payers will have a better idea how the
assessor comes to his conclusions, he said.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>"This
limits the assessor's discretion in determining what appraisal
methodologies to employ, and it gives tax payers a better understanding of
the process as well," Zunino explained.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>In
anticipation of victory, the Village League hired Dr. Marvin Wolverton, a
renowned appraisal expert from Las Vegas, to analyze and study how the new
rules are to be applied in Incline and Crystal Bay, Ingemanson said. His
study is expected to be completed by the July 20, she said.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>"What's
past is past and we will move forward from now on," said Chuck Chinnok,
executive director for the Department of Taxation.</FONT></P></DIV>
<DIV align=center>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>-- the
end --</FONT></P></DIV>
<DIV align=left>
<P></P></DIV></DIV></TD>
<TD width=6 height=2228><SPACER height="2228" width="6" type="block"></TD>
<TD width=1 height=2228><SPACER height="2228" width="1"
type="block"></TD></TR>
<TR height=1 cntrlrow>
<TD width=1 height=1><SPACER height="1" width="1" type="block"></TD>
<TD width=179 height=1><SPACER height="1" width="179" type="block"></TD>
<TD width=563 height=1><SPACER height="1" width="563" type="block"></TD>
<TD width=6 height=1><SPACER height="1" width="6" type="block"></TD>
<TD width=1 height=1><SPACER height="1" width="1"
type="block"></TD></TR></TBODY></TABLE>
<P></P></BODY></HTML>