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<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular color=red
size=+2><B>Department of Taxation Hearing<BR>Tomorrow, Monday, Sept
27th</B></FONT></P></DIV>
<DIV align=left>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1><B>ALERT:</B> #57, 2nd Notice<BR><B>DATE:</B> September 26,
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>I am
sending this alert for a second time due to the critical importance of
tomorrows Taxation Hearing. If you can attend, you will find the hearing
to be extremely informative.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>Today's
(Sunday) Bonanza carried a very good article about tomorrows hearing. If
you did not get a chance to read the article, please <A
href="http://www.tahoebonanza.com/apps/pbcs.dll/article?AID=/20040926/News/109260015">click
here</A> to read the article, OR read the </FONT><FONT
face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>article at the
end of this page.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular><B>Text from
Alert #57<BR></B></FONT><FONT
face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>As many of you
are aware, the Village League hired Dr. Marvin Wolverton, a renowned tax
assessment expert and professor at UNLV to do an independent study on the
tax assessments in Incline Village and Crystal Bay. His study is now
completed.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>Dr.
Wolverton will be presenting the results to the Nevada Tax Commission and
Department of Taxation this coming Monday, September 27th. The results
will put these Agencies in shock and awe!! They will prove that the
inconsistencies and inequities in our taxes are incredible. </FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>If you
would like to see the fireworks, we strongly encourage you to attend.
</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>The
Meeting is at 9:00 a.m. at the Legislative Counsel Bureau, 401 South
Carson Street -Room 3137, Carson City Nevada. <A
href="http://www.nevadapropertytaxrevolt.org/Agenda.pdf">Click here</A>
for the agenda. </FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>We
strongly encourage you to attend. This is</FONT><FONT
face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1> a very
important hearing, as the outcome will affect the taxable values of all of
our properties. Attorneys Norman Azevedo and Suellen Fulstone, the
attorneys who represent the taxpayers will be in attendance. </FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>We will
see you there.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1>Regards,</FONT></P>
<DIV align=left>
<P><FONT face="Times New Roman,Georgia,Times" size=+2><I>Ted
Harris</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 align=left>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-2>Plus
<B>Village League to Save Incline Assets Board Members</B>: <B>Ted
Harris</B>, Tax Revolt Committee Chairman, <B>Les Barta</B>, Law Research,
<B>John Carney</B>, Analyst, <B>Wayne Fischer</B>, Webmaster, <B>Todd
Lowe</B>, Financial, <B>Dale Akers</B>, Historian, and <B>Chuck Otto</B>,
Public Relations</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-2>PS. If
you decide to drive by your self, following are the instructions for
parking in Carson City. </FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-2><B>Parking: </B>The best place to park is in the parking structure
at the corner of South Stewart and East 5th Ave (400 S. Stewart Street).
Entrance is from South Stewart street. As you approach downtown Carson
City, take Stewart off highway 50/395. Just as you cross over 5th Ave, go
about 100 feet (north) and turn left into the parking structure. <A
href="http://maps.yahoo.com/maps_result?name=&ed=2bryiOp_0ToJxt3RhCo9.huO5F_4VVaiUmjUaE_XYO6a2g.oA2xk3Ja80XbBrkDTPhLFwaESvyeqNAGDT85Mz1WJFJi8T.bwxYtKKRrwGkrJMs8FflrpW7g5ng--&csz=Carson+City%2C+NV+89701&desc=&mag=9&ds=n&state=NV&uzip=89701&country=US&BFKey=&resize=s">Click
here</A> for a map & directions to the parking structure.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-2>The
Nevada Legislative Building is on the west side of the parking structure.
About a 30 second walk to the building.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1>-----------------------------------------</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=+2><B>Expert to show property tax woes</B></FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>Erin
Roth<BR>Bonanza news editor<BR>September 26, 2004</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>A
valuation expert will present a study on inequities in Incline Village's
property tax assessments at a Nevada Tax Commission and Department of
Taxation meeting tomorrow.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>Dr.
Marvin Wolverton, an expert in real estate valuation and statistics and a
professor at the University of Nevada Las Vegas, will show Incline's tax
values are systematically higher and less consistent for Lake Tahoe
properties in Washoe County compared to Douglas County, he said
Friday.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>He will
show that Incline Village and Crystal Bay property values are out of
equalization with each other, with the rest of Washoe County, and
particularly with Tahoe properties in Douglas County.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>"In
Incline Village, there's a greater potential for some property owners to
pay more than their fair share and for others to pay less," Wolverton
said.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>He
explained Douglas County's property tax assessments are three times more
consistent than those in Washoe County.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>"The
median basis on average for assessed values is higher in Incline Village
than for similar properties in Douglas County," he said.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>After
hiring Wolverton four months ago, the Village League to Save Incline
Assets, a group protesting Incline's property tax assessments, is
overwhelmed by his study's results.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>"Dr.
Wolverton has found an enormous problem," said Les Barta, a director of
the Village League. "It's bigger than we expected ... a complete mess ...
a statistical disaster."</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1>"There's overwhelming evidence that this is a fundamental problem
in the way we are being assessed," Barta said. "An expert is showing clear
and obvious evidence there is a problem."</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>But
Wolverton said it's not a personal indictment of the assessor.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>"This
is indicative of the difficulty of appraising in Incline Village," he
said. "It's an issue of resources and training. It's easier for the
assessor to appraise homes in homogenous subdivisions, but that's beside
the point. The constitution and laws require the assessor to overcome
that, and he's not doing that in Incline Village."</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>In
showing property tax assessment inequities, Wolverton plans to recommend
how the tax commission's new rules and regulations should be used to solve
the problem.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>"My
goal is to make property tax assessments in Incline Village more
consistent - uniform and equal," he said.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular size=-1>The
Nevada Tax Commission and Department of Taxation meeting will take place
at 9 a.m. Monday, Sept. 27 at the Legislative Counsel Bureau, 401 South
Carson Street, room 3137, Carson City. For more information, call Ted
Harris at (775) 831-3914.</FONT></P>
<P><FONT face=Arial,Helvetica,Geneva,Swiss,SunSans-Regular
size=-1>.</FONT></P></DIV></DIV></DIV></TD>
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