<html><head><style type="text/css"><!-- DIV {margin:0px;} --></style></head><body><div style="font-family:arial,helvetica,sans-serif;font-size:12pt"><br><div style="font-family: arial,helvetica,sans-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 style="font-family: arial,helvetica,sans-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; color: rgb(0, 0, 0);"><div><div style="text-align: center;"><font size="5"><span style="color: rgb(255, 0, 0); font-weight: bold;">TERRIFIC BONANZA NEWS COVERAGE</span></font><br></div><br><span style="font-weight: bold;">ALERT:</span> #187<br><span style="font-weight: bold;">DATE:</span> November 5, 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>The following Editorial in today’s Bonanza provides an excellent summary and a different way of reporting
on our third Supreme Court ruling last week.<br><br>Also in today’s Bonanza, were two additional well written articles about last week’s Supreme Court ruling. If you have not read these articles in the paper today, you can download the articles by clicking on the following two links.<br><br><span style="font-weight: bold; color: rgb(0, 0, 255);">Officials weigh in on Supreme Court Order</span><br><div style="text-align: center;"><a rel="nofollow" target="_blank" href="http://www.NevadaPropertyTaxRevolt.org/08/Bonanza-081105a.pdf">www.NevadaPropertyTaxRevolt.org/08/Bonanza-081105a.pdf</a><br><br><div style="text-align: left;"><span style="font-weight: bold; color: rgb(0, 0, 255);">In their words: Village League sounds off</span><br></div><a rel="nofollow" target="_blank" href="http://www.NevadaPropertyTaxRevolt.org/08/Bonanza-081105b.pdf">www.NevadaPropertyTaxRevolt.org/08/Bonanza-081105b.pdf</a><br></div><br>Best Regards,<br><span
style="font-weight: bold;">Wayne
Fischer</span>, Webmaster<br>Nevada Property Tax Revolt Web<br><a rel="nofollow" target="_blank" href="http://www.NevadaPropertyTaxRevolt.org">www.NevadaPropertyTaxRevolt.org</a><br><br><br><div style="text-align: center;"><font style="color: rgb(255, 0, 0); font-weight: bold;" size="6"><span style="font-family: times new roman,new york,times,serif;">Finally the big one</span></font><br style="font-family: times new roman,new york,times,serif;"><font size="2"><span style="font-family: times new roman,new york,times,serif;">Bonanza Editorial Column, page 81, November 5, 2008, <a rel="nofollow" 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; font-weight: bold; font-style: italic;">editorial</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;">Thursday’s Nevada Supreme Court decision is the big one — it’s the one big decision that Maryanne Ingemanson and the Village League to Save Incline Assets have talked about for six years, the big one that should shed some light at the end of a very convoluted tunnel.</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;">And while that tunnel still very well could be six more years from reaching a bright fruition, for the first time since this whole thing began, there’s some much-deserved solace settling into this community.</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;">That big breeze of wind you just saw gushing by? That’s a huge sigh of relief from Ingemanson, the other Village League members and other dedicated residents who have followed the tax revolt from the beginning.</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 this does not — and should not — stop with those select
few people.</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;">Thursday’s ruling from the Supreme Court is the first major decision in the six-year revolt that affects the entire community.</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;">Sure past Supreme Court decisions have come down — most notably the one in late July (the “Barta decision”) that refunded 38 parcel holders’ taxes back to the 2002-2003 assessed values — but that only dealt with 38 people.</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;">Thursday’s decision affects some 9,000 parcel holders in Incline Village and Crystal Bay. That’s everybody in this community, folks.</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 could it mean? It could mean that Washoe County will be responsible for dividing as much as $12 million among the 9,000 local parcel holders, rolling back their assessed property values from 2006-2007 to the 2002-2003 taxation 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;">A few dominoes have to fall before that becomes a reality, as the case still needs to be heard before the State Board of Equalization, and while the board’s vote should be
obvious, it never can be taken for granted.</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;">Furthermore, if the state board does rule that the county shall roll back those values, the county still holds the option of appealing that 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;">So Thursday’s decision by no means indicates 9,000 people will receive a refund soon — but it does mean that this whole community is on board, and for such a strong decision to come down from the State Supreme Court should only mean good things for the other cases out there that affect this whole community, not just a group of petitioners.</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;">After the Barta decision, the Bonanza wrote an editorial and asked this question, in reference to a large number of cases still pending regarding this issue: “How many individual opinions will it take to rectify this obvious 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;">Well Thursday’s opinion should be the first step. <br><font size="3"><br style="font-family: arial,helvetica,sans-serif;"></font></span><font size="3"><span style="font-family: arial,helvetica,sans-serif;"> ---------------------------------</span><br style="font-family: arial,helvetica,sans-serif;"><br style="font-family:
arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif; font-weight: bold;">Village League to Save Incline Assets Board Members:</span><br style="font-family: arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif;">- <span style="font-weight: bold;">Maryanne Ingemanson,</span> President</span><br style="font-family: arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif;">- <span style="font-weight: bold;">Dale Akers</span>, Historian</span><br style="font-family: arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif;">- <span style="font-weight: bold;">Les Barta</span>, Law Research</span><br style="font-family: arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif;">- <span style="font-weight: bold;">John Carney</span>, Analyst</span><br style="font-family: arial,helvetica,sans-serif;"><span style="font-family:
arial,helvetica,sans-serif;">- <span style="font-weight: bold;">Wayne Fischer</span>, Webmaster</span><br style="font-family: arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif;">- <span style="font-weight: bold;">Ted Harris</span>, Tax Revolt Committee Chairman</span><br style="font-family: arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif;">- <span style="font-weight: bold;">Todd Lowe,</span> Financial,</span><br style="font-family: arial,helvetica,sans-serif;"><span style="font-family: arial,helvetica,sans-serif;">- <span style="font-weight: bold;">Chuck Otto,</span> Public Relations </span><br style="font-family: arial,helvetica,sans-serif;"><br style="font-family: arial,helvetica,sans-serif;"></font></font><div style="text-align: center;"><font style="font-weight: bold;" size="4"><font size="3"><span style="font-family: arial,helvetica,sans-serif;">Village League to Save Incline Assets,
Inc.</span></font></font><br style="font-family: arial,helvetica,sans-serif;"><font size="4"><font size="3"><span style="font-family: arial,helvetica,sans-serif;">Non-Profit Corporation - FEIN 88-0399029</span></font></font><br style="font-family: arial,helvetica,sans-serif;"><font size="4"><font size="3"><span style="font-family: arial,helvetica,sans-serif;">1165 Vivian Lane, Incline Village, NV 89451</span></font></font><br style="font-family: arial,helvetica,sans-serif;"><font size="4"><font size="3"><span style="font-family: arial,helvetica,sans-serif;">Phone: 775-831-4011, Fax 775-831-0325</span></font></font><br style="font-family: arial,helvetica,sans-serif;"><font size="4"><font size="3"><span style="font-family: arial,helvetica,sans-serif;">www.NevadaPropertyTaxRevolt.org</span></font></font><br style="font-family: arial,helvetica,sans-serif;"><br style="font-family: arial,helvetica,sans-serif;"><font size="4"><font size="3"><span
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