<html><head><style type="text/css"><!-- DIV {margin:0px;} --></style></head><body><div style="font-family:times new roman,new york,times,serif;font-size:12pt"><div style="font-family: times new roman,new york,times,serif; font-size: 12pt;"><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="font-weight: bold; color: rgb(255, 0, 0);" size="6">WHAT ABOUT THE ENTIRE STATE?</font><br></div><br><span style="font-weight: bold;">ALERT:</span> #176<br><span style="font-weight: bold;">DATE:</span> July 28, 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 Tax
Protesters,</span><br><br>Yesterday’s Bonanza newspaper’s editorial provided an excellent perspective on this whole property tax “mess” that not only we in Washoe County have but the whole State of Nevada may have as well. If you have not had a chance to read
the editorial, it is provided below.<br><br>Best Regards,<br><span style="font-weight: bold;">Wayne Fischer,</span> Webmaster<br>Nevada Property Tax Revolt Web<br><a target="_blank" href="http://www.NevadaPropertyTaxRevolt.org">www.NevadaPropertyTaxRevolt.org</a><br><br><br><div style="text-align: center;"><font size="2"><font style="font-weight: bold; color: rgb(255, 0, 0);" size="6"><span style="font-family: times new roman,new york,times,serif;">State should look at tax policy</span></font><br style="font-family: times new roman,new york,times,serif;"></font><font size="2"><span style="font-family: times new roman,new york,times,serif;">Bonanza Editorial, page 6, July 27, 2008, <a target="_blank" href="http://www.TahoeBonanza.com">www.TahoeBonanza.com</a></span></font><br style="font-family: times new roman,new york,times,serif;"></div><font size="4"><br style="font-family: times new roman,new york,times,serif;"><span style="font-family: times new
roman,new york,times,serif;">Friday’s opinion from the Nevada Supreme Court served as a monstrous wake-up call, not only to
Washoe County and the way it assesses property values, but also, and maybe more so, to the entire state of Nevada.</span><br style="font-family: times new roman,new york,times,serif;"><br style="font-family: times new roman,new york,times,serif;"><span style="font-family: times new roman,new york,times,serif;">On its face, the decision, which we dub the “Barta decision,” determines that 38 parcel owners in Incline Village are entitled to a refund and roll back, plus interest, to the assessed property values for the 2002-2003 fiscal year. That’s great news for Incline Village and its “tax revolters,” a group that has voiced its own opinion for more than five years.</span><br style="font-family: times new roman,new york,times,serif;"><br style="font-family: times new roman,new york,times,serif;"><span style="font-family: times new roman,new york,times,serif;">But the problem with the decision is the 38 cases argued their assessed values from the
2004-2005 fiscal year, and after years of hearings before the county and state boards of equalization, and the Supreme Court, the decision finally came down in mid-2008 to roll back the assessed property values from three-plus years ago to a rate assessed five-plus years ago.</span><br style="font-family: times new roman,new york,times,serif;"><br style="font-family: times new roman,new york,times,serif;"><span style="font-family: times new roman,new york,times,serif;">Confused? Too many numbers? Well here’s more:</span><br style="font-family: times new roman,new york,times,serif;"><br style="font-family: times new roman,new york,times,serif;"><span style="font-family: times new roman,new york,times,serif;">Friday’s decision essentially is the same as the “Bakst decision,” which happened early 2007, which again took years to decide, but did the same thing: Roll back a few assessed property value complaints from the 2003-2004 fiscal year to the
2002-2003 assessed rate.</span><br style="font-family: times new roman,new york,times,serif;"><br style="font-family: times new roman,new york,times,serif;"><span style="font-family: times new roman,new york,times,serif;">Add to this is the fact there are numerous local cases still in hearings and the Supreme Court, arguing assessed values from the 2005-2006, 2006-2007, 2007-2008 and 2008-2009 fiscal years, and here in lies a troubling problem.</span><br style="font-family: times new roman,new york,times,serif;"><br style="font-family: times new roman,new york,times,serif;"><span style="font-family: times new roman,new york,times,serif;">How many individual opinions will it take to rectify this obvious problem? Will there be another ruling two years from now that decides assessed property values in 2005-2006 were unconstitutional, therefore calling to order another roll back to 2002-2003? What kind of ramifications will this latest opinion have on
Incline Village. What about other areas of Washoe County? Or what about the entire state?</span><br style="font-family: times new roman,new york,times,serif;"><br style="font-family: times new roman,new york,times,serif;"><span style="font-family: times new roman,new york,times,serif;">What’s to stop the people in Pahrump Valley or Spanish Springs or Reno to see this latest decision and decide, hey, maybe we can get a roll back too?</span><br style="font-family: times new roman,new york,times,serif;"><br style="font-family: times new roman,new york,times,serif;"><span style="font-family: times new roman,new york,times,serif;">Friday’s decision means a lot more than rolling back 38 appeals to a rate assessed more than five years ago. And it means more than opening the doors for the current Incline Village appeals to enjoy a similar decision.</span><br style="font-family: times new roman,new york,times,serif;"><br style="font-family: times new
roman,new york,times,serif;"><span style="font-family: times new roman,new york,times,serif;">The decision means that there is something drastically wrong with the way taxes are assessed — not in the county — but in this state. The county assessor simply follows orders from the county tax department, which gets its orders from the state department of taxation.</span><br style="font-family: times new roman,new york,times,serif;"><br style="font-family: times new roman,new york,times,serif;"><span style="font-family: times new roman,new york,times,serif;">How could these orders get so muddled in the translation?</span><br style="font-family: times new roman,new york,times,serif;"><br style="font-family: times new roman,new york,times,serif;"><span style="font-family: times new roman,new york,times,serif;">The ramifications of Friday’s decision shouldn’t be absorbed by the county — they should be swallowed in full by the state of Nevada and the
people charged with setting the rules for assessing property values.</span><br style="font-family: times new roman,new york,times,serif;"><br style="font-family: times new roman,new york,times,serif;"><span style="font-family: times new roman,new york,times,serif;">This decision could cause a very serious problem for our state.</span><br style="font-family: times new roman,new york,times,serif;"><br style="font-family: times new roman,new york,times,serif;"><span style="font-family: times new roman,new york,times,serif;">Let’s just hope it doesn’t take the people in charge a few years to realize it.</span></font><br><br><div style="text-align: center;">---------------------------------<br></div><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 style="font-weight: bold;"><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>www.NevadaPropertyTaxRevolt.org<br><br># # #<br></div><br></div></div></div><br>
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