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<div align="center"><font color="#ff0000"><big><big><b><font
face="Arial" size="+1"><big><big>More on the January 7th Supreme Court
Hearing</big></big></font></b></big></big></font><br>
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<font face="Arial" size="+1"><br>
<b>ALERT: </b>#151<br>
<b>DATE:</b> December 13, 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 Tax Protesters,</b><br>
<br>
How would you like it if the Federal Government decided to
retroactively raise our personal income tax rate by 10% and raised the
long term capital gains tax rate from 15% to 18% for tax years, 2004,
2005, 2006 and 2007?<br>
<br>
How would our local businesses like it if the Nevada State Government
decided early next year, to retroactively raise all business taxes by
8% for the last three tax years, 2005, 2006, and 2007?<br>
<br>
This kind of action would cause chaos in our personal financial lives
and the business financial issues. We are lucky to live in the United
States, where the past is past with respect to all kinds of taxes. Two
exceptions are fraud and usage of illegal appraisal methodologies. <br>
<br>
<font color="#ff0000"><b><big>What I have just described is going to
happen if the State Board of Equalization has its way. And that is
what the January 7th State Supreme Court Hearing is all about.</big></b></font><br>
<br>
By Nevada statutes, the Nevada State Board of Equalization shall
complete the hearings and rulings on all tax issues by October 1st, of
each fiscal tax year, (July 1 – June 30). These hearings conclude
three months after the start of the current fiscal tax year. They are
not allowed to go back to previous fiscal years to make tax rate
adjustments. This procedure has been in effect for over 25 years and
has worked just fine.<br>
<br>
The Washoe County Board of Equalization unanimously voted to rollback
all Incline Village and Crystal Bay taxable land values to their
2002/03 values for the tax year 2006/07, on March 8, 2006. This vote
was provisional upon the favorable ruling of the Nevada Supreme Court.
The Washoe County Assessors filed an appeal to the State Board of
Equalization to overturn the county board decision.<br>
<br>
The 2006 State Board of Equalization chose not to rule on the Washoe
County Assessor’s Appeal in their April 1st through October 1st
hearings. By refusing to rule on this appeal, the Washoe County Board
of Equalization decision in our favor to rollback the land values
should legally stand per Nevada Statues.<br>
<br>
In March of 2007, the State Board of Equalization suddenly decided to
retroactively hear the Washoe County Assessor’s 2006 Appeal. They
ruled in favor of the Assessor to deny the rollback of all Incline
Village and Crystal Bay’s property land value back to 2002/03, even
though the Nevada Supreme Court ordered this to happen.<br>
<br>
The above explanation is in essence the case before the Supreme Court
in the hearing on January 7th. In legal terminology, the <font
color="#ff0000"><big><b>“Nevada State Board of Equalization does not
have jurisdiction to both hear and make rulings on Tax Issues for
previous tax years.”</b></big></font><br>
<br>
I hope the above helps all of you understand what the issue is at the
January 7th hearing and why this decision goes way beyond just Incline
Village and Crystal Bay taxpayers. <b><big><font color="#ff0000">It
has huge tax implications for all Nevada property taxes.</font></big></b><br>
<br>
A special thanks to Maryanne Ingemanson, for explaining the January 7th
Supreme Court case to me in “Laymen’s” terminology and for helping
proof the above explanation.<br>
<br>
Best Regards,<br>
<b>Wayne Fischer, </b>Webmaster<br>
Nevada Property Tax Revolt Web<br>
<a moz-do-not-send="true" class="moz-txt-link-abbreviated"
href="http://www.NevadaPropertyTaxRevolt.org">www.NevadaPropertyTaxRevolt.org</a><br>
<br>
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===================<br>
<br>
</font><small><font size="+1"><small><font
face="Helvetica, Arial, sans-serif"><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></small></font></small>
<div align="center"><b><small><font size="+1"><small><font
face="Helvetica, Arial, sans-serif">Village League to Save Incline
Assets, Inc.</font></small></font></small></b><br>
<small><font size="+1"><small><font face="Helvetica, Arial, sans-serif">Non-Profit
Corporation - FEIN 88-0399029</font></small></font></small><br>
<small><font size="+1"><small><font face="Helvetica, Arial, sans-serif">1165
Vivian Lane, Incline Village, NV 89451</font></small></font></small><br>
<small><font size="+1"><small><font face="Helvetica, Arial, sans-serif">Phone:
775-831-4011, Fax 775-831-0325</font></small></font></small><br>
<small><font size="+1"><small><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></small></font></small></div>
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