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<div align="center"><big><big><big><font size="+1"><big><big><big><font
face="Helvetica, Arial, sans-serif"><font color="#ff0000"><b>NOW WHAT?</b></font></font></big></big></big></font></big><br>
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<b>ALERT:</b> #147<br>
<b>DATE:</b> November 11, 2007<br>
<b>TO:</b> Incline Village & Crystal Bay Property Owners<br>
<b>FROM:</b> Village League Tax Revolt Committee<br>
<br>
<b>Dear Incline Village & Crystal Bay Property Owners,</b><br>
<br>
In hopeful anticipation of a Supreme Court decision on any one of
our three cases that are currently under submission, we had delayed in
writing another Alert. However, many of you have been asking for
information of any kind on the tax situation, and Thursday after
Thursday have passed with no rulings from the Supreme Court. (Note
that
the Nevada Supreme Court issues their rulings once a week, on Thursday
morning via their website.)<br>
<br>
Since Alert #144, all of the refunds for the 300 Petitioners that
had appealed the assessed values for the tax year 2006/07 have been
issued
by the Washoe County Treasurer. However, as we had suspected, the
actual amounts that were received by the taxpayers were less than the
settlements that were agreed to on their behalf, by Attorney Suellen
Fulstone and the State Board of Equalization.<br>
<br>
The Washoe County Treasurer unilaterally lowered the refund amounts
and the interest (in favor of the County – naturally) by the amount of
the 2006/07 “abatements”. This reduction had never even been proposed
or
discussed at any of the settlement hearings.<br>
<br>
A legal action was filed on November 1st by Attorney Fulstone in
the Carson City District Court requesting, a) the “settlement” decision
of the State Board be set aside and the decision of the 2006 Washoe
County Board of Equalization be reinstated, b) the 300 taxpayers be
refunded the total amount of excess taxes that were paid for the
2006/07
year, c) specific performance by the County of their contractual
obligations under the settlement agreements or damages and d) attorneys
fees.<br>
<br>
The opposition attorneys, State and County, now have 30 days,
(until December 1, 2007), to reply to this new Complaint.<br>
<br>
The disposition of the 2006/07 refunds for the remaining 8700
property
owners in the IV/CB area is one of the cases now awaiting a decision
before the Supreme Court.<br>
<br>
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<div align="center"><big><font size="+1"><big><font
face="Helvetica, Arial, sans-serif"><big><big><b><font color="#ff0000">HOW
ABOUT THE 2007/08 TAX YEAR?</font></b></big></big></font></big></font><br>
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On September 28, 2007, we attended our last hearing before the
State Board of Equalization. They offered the same type of
“settlement”, proposed by the Washoe County Assessor, for the 2007/08
tax
year as had been previously accepted for the 2006/07 tax year. We now
knew however that what was offered and what was actually delivered
would be quite different. Attorney Fulstone denied, on behalf of the
1000 Petitioners for the 2007/08 year, to accept the offer.<br>
<br>
What we already had won at the 2007 County Board of Equalization in
February was a reduction of the property assessments for the 2007/08
year
to their 2002/03 values. <br>
<br>
The State Board of Equalization then ruled in favor of the
Assessor’s “Settlement Proposal” and will issue “written decisions”
about November 28th. A “Supplemental Tax Bill” from the office of the
County Treasurer raising property taxes will then be sent to the 1000
taxpayers who already have been issued lower tax bills based on the
County Board’s decision last February. <br>
<br>
Approximately 30 condominium properties were offered no relief at
all, as the Assessor claimed that they had not used any of the illegal
methods that were ruled unconstitutional by the Supreme Court in their
property evaluations. Of course, the decisions of the State Board
further exacerbated the unequal taxation of properties against which we
have been fighting for five years. <br>
<br>
Attorney Fulstone will be filing yet another lawsuit for Judicial
Review as soon as the “written decisions” for 2007/08 are issued
announcing the State Board’s latest fiasco.<br>
<br>
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<div align="center"><big><font size="+1"><big><font
face="Helvetica, Arial, sans-serif"><big><big><b><font color="#ff0000">REAPPRAISAL
VALUES?</font></b></big></big></font></big></font><br>
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To further brighten your holidays, all of us will be receiving the
infamous Assessor’s “Postcard” for our 2008/09 property tax assessments
around the same time that the 1000 (2007/08 petitioners) will be
receiving their increased
“Supplementary 2007/08 Tax Bills”. We are anticipating, based on
comments
made by Assessor Josh Wilson, that our land values in the Incline
Village and Crystal Bay areas could easily double!! This, in spite of
the slumping real estate market.<br>
<br>
Thank heavens that the Nevada State Legislature passed the 3% Tax
Cap in 2005 for most of the residential properties in the state. The
actual amount of the taxes that you will have to pay will NOT be as
high as the increase in your reappraised value might indicate, as your
taxes can only be increased by 3% over the prior (2007/08) tax year.<br>
<br>
An article that was published in the Reno Gazette Journal on
October 23, 2007 can be accessed on our website at
<a moz-do-not-send="true" class="moz-txt-link-abbreviated"
href="http://www.NevadaPropertyTaxRevolt.org/07/RGJ-071023.pdf">www.NevadaPropertyTaxRevolt.org/07/RGJ-071023.pdf</a>.
The title is “Messy
property tax system is bad news for homeowners”. I think that you will
find it quite interesting.<br>
<br>
Once again, our thanks for your continued support and confidence in
our ultimate victory. Don’t think for a moment that we are through
with this battle!! A lot is still happening behind the scenes.<br>
<br>
Sincerely,<br>
<br>
<font face="Lucida Handwriting"><b><i>Maryanne Ingemanson</i></b></font><br>
<br>
Maryanne Ingemanson, President<br>
Village League to Save Incline Assets, Inc.<br>
<a moz-do-not-send="true" class="moz-txt-link-abbreviated"
href="http://www.NevadaPropertyTaxRevolt.org">www.NevadaPropertyTaxRevolt.org</a><br>
<a moz-do-not-send="true" class="moz-txt-link-abbreviated"
href="mailto:mingemanson@charter.net">mingemanson@charter.net</a><br>
<br>
<b>Village League to Save Incline Assets Board Members:</b><br>
* Maryanne Ingemanson, President<br>
* Dale Akers, Historian<br>
* Les Barta, Law Research<br>
* John Carney, Analyst<br>
* Wayne Fischer, Webmaster<br>
* Ted Harris, Tax Revolt Committee Chairman<br>
* Todd Lowe, Financial,<br>
* Chuck Otto, Public Relations<br>
<br>
</font></font>
<div align="center"><big><b><small><font size="+1"><font
face="Helvetica, Arial, sans-serif">Village League to Save Incline
Assets, Inc.</font></font></small></b><br>
</big><font size="+1"><font face="Helvetica, Arial, sans-serif">Non-Profit
Corporation - FEIN 88-0399029</font></font><big><br>
</big><font size="+1"><font face="Helvetica, Arial, sans-serif">1165
Vivian Lane, Incline Village, NV 89451</font></font><big><br>
</big><font size="+1"><font face="Helvetica, Arial, sans-serif">Phone:
775-831-4011, Fax 775-831-0325</font></font><big><br>
</big><font size="+1"><font face="Helvetica, Arial, sans-serif">Email:
<a moz-do-not-send="true" class="moz-txt-link-abbreviated"
href="mailto:mingemanson@charter.net">mingemanson@charter.net</a></font></font><big><br>
</big><font size="+1"><font face="Helvetica, Arial, sans-serif"> </font></font><big><br>
</big><font size="+1"><font face="Helvetica, Arial, sans-serif">#
# #</font></font><big><br>
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