<html><head><style type="text/css"><!-- DIV {margin:0px;} --></style></head><body><div style="font-family:arial,helvetica,sans-serif;font-size:18pt"><div style="font-family: arial,helvetica,sans-serif; font-size: 18pt;"><div style="font-family: times new roman,new york,times,serif; font-size: 12pt;"><div style="font-family: arial,helvetica,sans-serif; font-size: 12pt;"><div><br><div style="text-align: center;"><font style="color: rgb(255, 0, 0);" size="6"><span style="font-weight: bold;">NOTICE TO ASSESSOR WILSON!!</span></font><br></div><br><span style="font-weight: bold;">ALERT:</span> #169<br><span style="font-weight: bold;">DATE: </span>April 19, 2008<br><span style="font-weight: bold;">TO:</span> Incline Village & Crystal Bay Property Owners<br><span style="font-weight: bold;">FROM: </span>Village League Tax Revolt Committee<br><br><span style="font-weight: bold;">Dear Incline Village & Crystal Bay Property Taxpayers,</span><br><br>In spite
of Washoe County Assessor Wilson’s protestations to the contrary, yesterday’s Reno Gazette-Journal newspaper accurately reported that the average price of a home in Incline Village dropped by 31%. And, sales of
homes that sold for $1,000,000 or more decreased by 73%, while sales of homes that sold under $1,000,000 decreased by 50%. (See below for excerpts of the article.)<br><br>These are staggering numbers, yet the Assessor doesn’t think that the housing slump has affected the Incline Village/Crystal Bay area; therefore, our taxes should continue to increase!!<br><br>He also has stated that no matter how much further the price of homes continues to decrease; the taxes owed by the homeowners will continue to increase by 3% per year. This is difficult to understand, to say the least.<br><br>Given the information that was released today, I would suggest that you write or call the office of the Washoe County Assessor and ask for an explanation from Assessor Josh Wilson.<br><br><div style="text-align: center;"><span style="font-weight: bold;">Josh Wilson</span><br>1001 East Ninth Street<br>Reno, NV 89520<br>Office: 775 328 2203 or 775 329
2233<br>Email: JGWilson@washoecounty.us<br></div><br>There will be more news in the near future – watch for your email Alerts.<br><br>Sincerely,<br><br><span style="font-weight: bold;">Maryanne Ingemanson,</span> President<br>Village League to Save Incline Assets, Inc<br><span><a rel="nofollow" target="_blank" href="http://www.NevadaPropertyTaxRevolt.org">www.NevadaPropertyTaxRevolt.org</a></span><br><br>---------------------------------<br><br><span style="font-weight: bold;">Village League to Save Incline Assets Board Members:</span><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><div style="text-align: center;"><span style="font-weight: bold;">Village League to Save Incline Assets, Inc.</span><br>Non-Profit Corporation - FEIN
88-0399029<br>1165
Vivian Lane, Incline Village, NV 89451<br>Phone: 775-831-4011, Fax 775-831-0325<br><span><a rel="nofollow" target="_blank" href="http://www.NevadaPropertyTaxRevolt.org">www.NevadaPropertyTaxRevolt.org</a></span><br></div><br>---------------------------------<br><span style="font-style: italic;">Reno Gazette-Journal, excerpts of the article on page 10A, 4/18/08</span><br><br><br><div style="text-align: center;"><font style="font-weight: bold;" size="5">Average Tahoe home price drops below $1 million</font><br></div><br>The average price of homes throughout Lake Tahoe dropped below $1 million for the first time since 2004, with home sales at the lower end of the market seeing a significant increase in some areas.<br><br>……….<br><br>According to Chase International's first-quarter 2008 Tahoe-Reno statistics, the average price for a home at Lake Tahoe is now $909,919, a 38 percent drop from the previous average. Median home prices decreased 25 percent
to
$662,172.<br><br>………..<br><br><span style="font-weight: bold;">Incline Village:</span> Some of the biggest decreases were reported in Incline Village, which reported a 73 percent decrease in sales volume and a 61 percent decrease in units sold. Sales of Incline Village homes under $1 million were down 50 percent while sales of homes priced above $1 million were down 71 percent.<br><br>The average price of an Incline Village home dropped 31 percent to $1,120,266, while the median price dropped 21 percent to $898,688.<br><br>………<br><br><div style="text-align: center;"># # #<br></div><br><br></div></div></div><br>
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