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<!--StartFragment--><p class="MsoHeader" align="center" style="text-align:center"><b><span style="font-size:22.0pt;font-family:Arial;mso-bidi-font-family:"Times New Roman";
color:red">2014/15 TAX BILLS<o:p></o:p></span></b></p><p class="MsoNormal"><b><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA"> </span></b></p><p class="MsoNormal"><b><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">ALERT: </span></b><span style="font-size:13.0pt;
font-family:Arial;mso-fareast-language:JA">#281<b>
<o:p></o:p></b></span></p><p class="MsoNormal"><b><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">DATE: </span></b><span style="font-size:13.0pt;
font-family:Arial;mso-fareast-language:JA">July 24, 2014
<b><o:p></o:p></b></span></p><p class="MsoNormal"><b><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">TO: </span></b><span style="font-size:13.0pt;
font-family:Arial;mso-fareast-language:JA">Incline Village & Crystal Bay
Property Owners
<o:p></o:p></span></p><p class="MsoNormal"><b><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">FROM: </span></b><span style="font-size:13.0pt;
font-family:Arial;mso-fareast-language:JA">Village League Tax Revolt Committee<b><o:p></o:p></b></span></p><p class="MsoNormal"><b><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA"> </span></b></p><p class="MsoNormal" style="margin-bottom:16.0pt;mso-pagination:none;mso-layout-grid-align:
none;text-autospace:none"><b><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">Dear Incline Village & Crystal Bay Property
Taxpayers,</span></b><span style="font-size:16.0pt;font-family:Times;
mso-bidi-font-family:Times;mso-fareast-language:JA"><o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom:16.0pt;mso-pagination:none;mso-layout-grid-align:
none;text-autospace:none"><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">By now most of you have received your property tax bills
for the 2014/15 tax year. Some of you
are wondering if your bill is fair and correct, and if payments should be made
under protest. Short answer: the
assessments we have reviewed appear to be lawful and reasonably supported, and
we have no 20214/15 litigation or Village-wide issues that cause us to
recommend making payment under protest.<o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom:16.0pt;mso-pagination:none;mso-layout-grid-align:
none;text-autospace:none"><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">Some have expressed concern that their land values and
improvement values moved in different directions.</span><span style="font-size:
16.0pt;font-family:"Courier New";mso-fareast-language:JA"> </span><span style="font-size:13.0pt;font-family:Arial;mso-fareast-language:JA">Because
Nevada has a unique one-of-a-kind property appraisal system, land is assessed
separately and differently from the buildings.
In brief, land is assessed at
its market value while buildings are assessed based on a formula intended to
capture the cost of rebuilding your residence again new. That result is
then reduced by 1.5% for each year of building age. Consequently, land
and building assessments can go up and down independently and simultaneously.
In a healthy normal economy, land generally appreciates while
buildings depreciate. But sometimes inflation drives building costs up
and markets drive land values down.</span><span style="font-size:16.0pt;
font-family:"Courier New";mso-fareast-language:JA"><o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom:16.0pt;mso-pagination:none;mso-layout-grid-align:
none;text-autospace:none"><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">I visited our assessor, Josh Wilson, shortly after
assessments were mailed to us last December.
I can report that nothing unusual occurred with building valuations.
Most homeowners experienced slight reductions.
<o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom:16.0pt;mso-pagination:none;mso-layout-grid-align:
none;text-autospace:none"><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">The area of greatest impact was land valuations.
For the 2014/15 tax year values moved in all directions. Some went
up, some stayed the same and some went down. The assessor did not
apply any broad brush. He looked at 85
different neighborhoods encompassing about 9,300 parcels. Some 22% of
Incline Village neighborhoods had their land assessments go down. Another
21% had no change at all. The remaining 57% had increases. Some of
those increases follow decreases from 2012. Overall, land assessments are
about where they were over 10 years ago. Most of the land valuation increases were
modest in size. However, four neighborhoods had land values increase by
more than $100,000. They were Mill Creek, LakeView subdivision, Crystal
Bay Cove and StillWater Cove. These are all neighborhoods on or near the
lake where market activity is high (and apparently hot). <o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom:16.0pt;mso-pagination:none;mso-layout-grid-align:
none;text-autospace:none"><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">One resource for looking at recent sales is available
from Lakeshore Realty. Their analysis shows that sales prices are
rebounding after falling steeply in 2011. Notably the median selling
price for single family homes is up 25% and for condos is up 38%.
<o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom:16.0pt;mso-pagination:none;mso-layout-grid-align:
none;text-autospace:none"><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">Check out: <a href="http://www.lakeshorerealty.com/Buyer-Resources/Buyer-Suggested-Reading/203-Charts-Residential-CONDOs-PUDs-Lot-Land"><span style="color:windowtext;text-decoration:none;text-underline:none">http://www.lakeshorerealty.com/Buyer-Resources/Buyer-Suggested-Reading/203-Charts-Residential-CONDOs-PUDs-Lot-Land</span></a>
<o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom:16.0pt;mso-pagination:none;mso-layout-grid-align:
none;text-autospace:none"><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">Most important was to determine if the assessor had
used any of the illegal and unconstitutional methods that we fought against
back in 2003. I can report no indication of methodology or data abuse.
<o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom:16.0pt;mso-pagination:none;mso-layout-grid-align:
none;text-autospace:none"><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">Lastly, remember that Nevada's tax abatement law limits
resident's increase in actual taxes to 3% (8% for non-resident property owners).
So even if your assessment went up significantly, your taxes will not
increase beyond the applicable limit. <o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom:16.0pt;mso-pagination:none;mso-layout-grid-align:
none;text-autospace:none"><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">Sincerely,<o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom:16.0pt;mso-pagination:none;mso-layout-grid-align:
none;text-autospace:none"><b><i><span style="font-size:16.0pt;font-family:Times;
mso-bidi-font-family:Times;mso-fareast-language:JA">Todd Lowe</span></i></b><span style="font-size:16.0pt;font-family:Times;mso-bidi-font-family:Times;
mso-fareast-language:JA"><o:p></o:p></span></p><p class="MsoNormal"><b><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">Todd Lowe,</span></b><span style="font-size:13.0pt;
font-family:Arial;mso-fareast-language:JA"> President
<o:p></o:p></span></p><p class="MsoNormal"><b><span style="font-size:13.0pt;
font-family:Arial;mso-fareast-language:JA">Village League to Save Incline
Assets, Inc.
<o:p></o:p></span></b></p><p class="MsoNormal"><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA"><a href="http://www.NevadaPropertyTaxRevolt.org">www.NevadaPropertyTaxRevolt.org</a>
<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA"><a href="mailto:Village.League@yahoo.com">Village.League@yahoo.com</a><o:p></o:p></span></p><p class="MsoNormal" align="center" style="margin-bottom:16.0pt;text-align:center;
mso-pagination:none;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:13.0pt;font-family:Arial;mso-fareast-language:JA">---------------------------------</span><span style="font-size:16.0pt;font-family:Times;mso-bidi-font-family:Times;
mso-fareast-language:JA"><o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom:16.0pt;mso-pagination:none;mso-layout-grid-align:
none;text-autospace:none"><b><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">Village League to Save Incline Assets Board Members:</span></b><span style="font-size:16.0pt;font-family:Times;mso-bidi-font-family:Times;
mso-fareast-language:JA"><o:p></o:p></span></p><p class="MsoNormal"><b><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">-Todd Lowe</span></b><span style="font-size:13.0pt;
font-family:Arial;mso-fareast-language:JA">, President</span><span style="font-size:16.0pt;font-family:Times;mso-bidi-font-family:Times;
mso-fareast-language:JA"><o:p></o:p></span></p><p class="MsoNormal"><b><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">-Les Barta</span></b><span style="font-size:13.0pt;
font-family:Arial;mso-fareast-language:JA">, Vice President</span><span style="font-size:16.0pt;font-family:Times;mso-bidi-font-family:Times;
mso-fareast-language:JA"><o:p></o:p></span></p><p class="MsoNormal"><b><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">-Dale Akers</span></b><span style="font-size:13.0pt;
font-family:Arial;mso-fareast-language:JA">, Secretary Treasurer</span><span style="font-size:16.0pt;font-family:Times;mso-bidi-font-family:Times;
mso-fareast-language:JA"><o:p></o:p></span></p><p class="MsoNormal"><b><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">-Chuck Otto</span></b><span style="font-size:13.0pt;
font-family:Arial;mso-fareast-language:JA">, Public Relations</span><span style="font-size:16.0pt;font-family:Times;mso-bidi-font-family:Times;
mso-fareast-language:JA"><o:p></o:p></span></p><p class="MsoNormal"><b><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA">-Dean Ingemanson</span></b><span style="font-size:
13.0pt;font-family:Arial;mso-fareast-language:JA">, Director</span><span style="font-size:16.0pt;font-family:Times;mso-bidi-font-family:Times;
mso-fareast-language:JA"><o:p></o:p></span></p><p class="MsoNormal" style="margin-left:.5in;mso-pagination:none;tab-stops:11.0pt .5in;
mso-layout-grid-align:none;text-autospace:none"><span style="font-size:16.0pt;
font-family:Times;mso-bidi-font-family:Times;mso-fareast-language:JA"> </span></p><p class="MsoNormal" align="center" style="text-align:center;mso-pagination:none;
mso-layout-grid-align:none;text-autospace:none"><b><span style="font-size:13.0pt;
font-family:Arial;mso-fareast-language:JA">Village League to Save Incline
Assets, Inc.
<o:p></o:p></span></b></p><p class="MsoNormal" align="center" style="text-align:center;mso-pagination:none;
mso-layout-grid-align:none;text-autospace:none"><span style="font-size:13.0pt;
font-family:Arial;mso-fareast-language:JA">Non-Profit Corporation - FEIN
88-0399029
<o:p></o:p></span></p><p class="MsoNormal" align="center" style="text-align:center;mso-pagination:none;
mso-layout-grid-align:none;text-autospace:none"><span style="font-size:13.0pt;
font-family:Arial;mso-fareast-language:JA">77 Shoreline Circle, Incline
Village, NV 89451
<o:p></o:p></span></p><p class="MsoNormal" align="center" style="margin-bottom:16.0pt;text-align:center;
mso-pagination:none;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:13.0pt;font-family:Arial;mso-fareast-language:JA"># # #</span><span style="font-size:16.0pt;font-family:Times;mso-bidi-font-family:Times;
mso-fareast-language:JA"><o:p></o:p></span></p>
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