<html><head><style type="text/css"><!-- DIV {margin:0px;} --></style></head><body><div style="font-family:arial,helvetica,sans-serif;font-size:12pt;color:#000000;"><div><br><div style="text-align: center; font-weight: bold;"><font style="color: rgb(255, 0, 0);" size="5">CHRISTMAS POSTCARDS HAVE ARRIVED</font><br></div><br><span style="font-weight: bold;">ALERT:</span> #189<br><span style="font-weight: bold;">DATE:</span> December 20, 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>All of you should have, by now, received your<font style="color: rgb(0, 127, 64);" size="4"><span style="font-weight: bold;"> “Christmas Assessment Postcard”</span></font> from the Washoe County Assessor.<br><br>In a
meeting last week that was attended by Village League Director Les Barta and President Maryanne Ingemanson, Assessor Josh Wilson and four appraisers, we were assured that land values in the Incline Village/Crystal Bay area, “across the board”, had decreased by 10% from last years’ values.<br><br>Your assessment card should indicate this reduction under Taxable Values – Land. Unfortunately, improvement values were increased, which reduced the overall reduction in <span style="font-weight: bold; color: rgb(255, 0, 0);">total </span>assessed values the range of 4% to 7%, depending on each parcel.<br><br>We are still gathering data to determine if this information is accurate; or, has the land value actually decreased more than 10%. If that is the case and the Assessor agrees, he can then <span style="font-weight: bold; color: rgb(255, 0, 0);">recommend</span> a lower value to the County Board of Equalization in hearings that will
be scheduled after January 15, 2009.<br><br>Another meeting with the Assessor will be requested in the near future to discuss this situation, when we will be presenting the evidence that we are now compiling. <font style="color: rgb(255, 0, 0); font-style: italic;" size="4"><span style="font-weight: bold;">There is nothing for you to do at this time.</span></font> However, watch for your Alerts to get additional information as it develops.<br><br><br><div style="text-align: center;"><font style="color: rgb(255, 0, 0); font-weight: bold;" size="5">SHOULD WE PAY OUR NEXT TAX PAYMENT?</font><br></div><br>Additionally, some of you have asked if you should timely pay the next tax payment for the 2008/09 year. The answer is <font style="color: rgb(0, 127, 64);" size="4"><span style="font-weight: bold;">YES!</span></font> And, please remember to continue to <span style="font-weight: bold;">“Pay Under Protest”.</span> You can access the form by clicking the
following link:<br><br><div style="text-align: center;">www.nevadapropertytaxrevolt.org/pages/Forms.html<br></div><br>The third payment is due on January 5th and the 4th payment is due on March 2nd of next year.<br><br><br><div style="text-align: center;"><font style="color: rgb(255, 0, 0);" size="5"><span style="font-weight: bold;">SBOE HEARING STILL NOT SET</span></font><br></div><br>The State Board of Equalization (SBOE) has not yet heard, or even scheduled, a hearing for any of the 1,300 individual petitions for appeal, or the class petition appeals for the tax year 2008/09. Attorney Suellen Fulstone will be representing the Village League and all of the Incline Village and Crystal Bay residential property owners in these cases.<br><br>We are also waiting for the SBOE to hear the Remand for Further Action that was ordered by the Supreme Court for the tax year 2006/07, as well as a Remand with respect to Equalization that was ordered by the District
Court for the tax year 2007/08.<br><br>District Court Judge McGee heard oral arguments, by the attorneys, last week for the tax year 2005/06. He stated emphatically that his decision would be issued before the end of the year! We all are praying for a favorable ruling.<br><br>As you can see, final determinations for the tax years 2005/06, 2006/07, 2007/08 and 2008/09 are still to be made. There is always a lot going on behind the scenes in the legal world. <br><br>We will be notifying you, absolutely as soon as possible, about all new developments. <br><br>Our very best wishes to all for a <br><br><div style="text-align: center;"><font style="font-weight: bold; color: rgb(255, 0, 0);" size="4">Merry Christmas</font><font size="4"> and a</font><font style="font-weight: bold;" size="4"> <span style="color: rgb(0, 127, 64);">Joyous New Year.</span></font><br></div><br>Sincerely,<br><br><span style="font-weight: bold; font-style: italic; font-family:
lucida console,sans-serif;">Maryanne Ingemanson</span><br>Maryanne Ingemanson, President<br>Village League to Save Incline Assets<br>www.NevadaPropertyTaxRevolt.org<br><br>---------------------------------<br><br><span style="font-weight: bold;">Village League to Save Incline Assets Board Members:</span><br>- <span style="font-weight: bold;">Maryanne Ingemanson,</span> President<br>- <span style="font-weight: bold;">Dale Akers</span>, Historian<br>- <span style="font-weight: bold;">Les Barta</span>, Law Research<br>- <span style="font-weight: bold;">John Carney</span>, Analyst<br>- <span style="font-weight: bold;">Wayne Fischer</span>, Webmaster<br>- <span style="font-weight: bold;">Todd Lowe</span>, Financial,<br>- <span style="font-weight: bold;">Chuck Otto</span>, 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>www.NevadaPropertyTaxRevolt.org<br><br># # #<br></div><br><br></div></div></body></html>