<html><head><meta http-equiv="Content-Type" content="text/html charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;">
<!--[if gte mso 9]><xml>
<o:OfficeDocumentSettings>
<o:AllowPNG/>
</o:OfficeDocumentSettings>
</xml><![endif]-->
<!--[if gte mso 9]><xml>
<w:WordDocument>
<w:View>Normal</w:View>
<w:Zoom>0</w:Zoom>
<w:TrackMoves/>
<w:TrackFormatting/>
<w:PunctuationKerning/>
<w:ValidateAgainstSchemas/>
<w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid>
<w:IgnoreMixedContent>false</w:IgnoreMixedContent>
<w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText>
<w:DoNotPromoteQF/>
<w:LidThemeOther>EN-US</w:LidThemeOther>
<w:LidThemeAsian>JA</w:LidThemeAsian>
<w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript>
<w:Compatibility>
<w:BreakWrappedTables/>
<w:SnapToGridInCell/>
<w:WrapTextWithPunct/>
<w:UseAsianBreakRules/>
<w:DontGrowAutofit/>
<w:SplitPgBreakAndParaMark/>
<w:EnableOpenTypeKerning/>
<w:DontFlipMirrorIndents/>
<w:OverrideTableStyleHps/>
<w:UseFELayout/>
</w:Compatibility>
<m:mathPr>
<m:mathFont m:val="Cambria Math"/>
<m:brkBin m:val="before"/>
<m:brkBinSub m:val="--"/>
<m:smallFrac m:val="off"/>
<m:dispDef/>
<m:lMargin m:val="0"/>
<m:rMargin m:val="0"/>
<m:defJc m:val="centerGroup"/>
<m:wrapIndent m:val="1440"/>
<m:intLim m:val="subSup"/>
<m:naryLim m:val="undOvr"/>
</m:mathPr></w:WordDocument>
</xml><![endif]--><!--[if gte mso 9]><xml>
<w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="true"
DefSemiHidden="true" DefQFormat="false" DefPriority="99"
LatentStyleCount="276">
<w:LsdException Locked="false" Priority="0" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Normal"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="heading 1"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 2"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 3"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 4"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 5"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 6"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 7"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 8"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 9"/>
<w:LsdException Locked="false" Priority="39" Name="toc 1"/>
<w:LsdException Locked="false" Priority="39" Name="toc 2"/>
<w:LsdException Locked="false" Priority="39" Name="toc 3"/>
<w:LsdException Locked="false" Priority="39" Name="toc 4"/>
<w:LsdException Locked="false" Priority="39" Name="toc 5"/>
<w:LsdException Locked="false" Priority="39" Name="toc 6"/>
<w:LsdException Locked="false" Priority="39" Name="toc 7"/>
<w:LsdException Locked="false" Priority="39" Name="toc 8"/>
<w:LsdException Locked="false" Priority="39" Name="toc 9"/>
<w:LsdException Locked="false" Priority="35" QFormat="true" Name="caption"/>
<w:LsdException Locked="false" Priority="10" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Title"/>
<w:LsdException Locked="false" Priority="1" Name="Default Paragraph Font"/>
<w:LsdException Locked="false" Priority="11" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Subtitle"/>
<w:LsdException Locked="false" Priority="22" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Strong"/>
<w:LsdException Locked="false" Priority="20" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Emphasis"/>
<w:LsdException Locked="false" Priority="59" SemiHidden="false"
UnhideWhenUsed="false" Name="Table Grid"/>
<w:LsdException Locked="false" UnhideWhenUsed="false" Name="Placeholder Text"/>
<w:LsdException Locked="false" Priority="1" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="No Spacing"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 1"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 1"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 1"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 1"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 1"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 1"/>
<w:LsdException Locked="false" UnhideWhenUsed="false" Name="Revision"/>
<w:LsdException Locked="false" Priority="34" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="List Paragraph"/>
<w:LsdException Locked="false" Priority="29" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Quote"/>
<w:LsdException Locked="false" Priority="30" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Intense Quote"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 1"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 1"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 1"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 1"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 1"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 1"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 1"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 1"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 2"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 2"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 2"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 2"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 2"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 2"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 2"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 2"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 2"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 2"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 2"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 2"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 2"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 2"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 3"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 3"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 3"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 3"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 3"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 3"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 3"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 3"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 3"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 3"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 3"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 3"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 3"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 3"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 4"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 4"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 4"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 4"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 4"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 4"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 4"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 4"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 4"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 4"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 4"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 4"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 4"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 4"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 5"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 5"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 5"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 5"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 5"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 5"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 5"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 5"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 5"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 5"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 5"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 5"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 5"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 5"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 6"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 6"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 6"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 6"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 6"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 6"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 6"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 6"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 6"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 6"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 6"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 6"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 6"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 6"/>
<w:LsdException Locked="false" Priority="19" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Subtle Emphasis"/>
<w:LsdException Locked="false" Priority="21" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Intense Emphasis"/>
<w:LsdException Locked="false" Priority="31" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Subtle Reference"/>
<w:LsdException Locked="false" Priority="32" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Intense Reference"/>
<w:LsdException Locked="false" Priority="33" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Book Title"/>
<w:LsdException Locked="false" Priority="37" Name="Bibliography"/>
<w:LsdException Locked="false" Priority="39" QFormat="true" Name="TOC Heading"/>
</w:LatentStyles>
</xml><![endif]-->
<!--[if gte mso 10]>
<style>
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:"Times New Roman";
mso-fareast-language:JA;}
</style>
<![endif]-->
<!--StartFragment--><div style="margin: 0in -0.25in 0.0001pt -4.5pt; text-align: center;"><a name="OLE_LINK5"></a><a name="OLE_LINK4"></a><a name="OLE_LINK3"></a><a name="OLE_LINK2"></a><a name="OLE_LINK1"><b><span style="font-size:22.0pt;font-family:Arial;mso-bidi-font-family:"Times New Roman";
color:red">Still Undecided<o:p></o:p></span></b></a></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA"> </span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><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">#286<b>
<o:p></o:p></b></span></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><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">December 14, 2016<b><o:p></o:p></b></span></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><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></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><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></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA"> </span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA">November marked the two year anniversary of our
hearing before the Nevada Supreme Court. The only news today is that the
Court has yet to rule.<o:p></o:p></span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA"> </span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA">This case impacts more than our community's
property owners. It is critical to all Nevada property owners and county
governments. Some years ago, the Nevada Supreme Court determined that, in
2003, Washoe County had unlawfully assessed residential property at Incline
Village/Crystal Bay. In the same decision, the Court also determined that
the remedy was to set aside the unlawful assessments and replace them with the
prior year's assessments. <o:p></o:p></span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA"> </span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA">The State Board of Equalization has fought the
Court's decision since it was handed down. This is the third time the
present case has been to the Supreme Court. After the Court sent the case back
the second time, the State Board of Equalization initially voted to comply with
the Court's decision. It ordered the Washoe County Assessor to
provide a list of the properties that had been unlawfully assessed for 2003
with their prior year's assessments for Board approval. When the Assessor
presented his list, however, the Board, without notice to taxpayers or the
Assessor, reversed its initial decision and instead ordered the Assessor to
reassess all properties at Incline Village/Crystal Bay for the 2003 tax
year. <o:p></o:p></span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA"> </span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA">Property taxes are governed primarily by two
public policies. First, the assessment process must be speedy to provide
budget certainty. Second, the taxation of private property must be
constitutionally uniform with due process protections for taxpayers. To
serve both policies the Legislature has created a process of one assessment and
one review per year, and the Court has enforced these policies. <o:p></o:p></span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA"> </span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA">Yet, in defiance of both the Legislature and the
Supreme Court, the State Board tried to impose the extraordinary power to
reassess thousands of residential properties for the 2003 tax year.
There is no authority or legal precedent of any kind in Nevada or any other state
for such an action by the State Board. <o:p></o:p></span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA"> </span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA">Reassessing thousands of properties for 2003
would impact taxes assessed and collected for 13+ years. The absence of
Legislature authorization also means the absence of Legislatively imposed
limits. There is no guarantee that an assessor would get it right the
second time around. That could mean a third round of assessments or more,
extending over an unknown number of years and leaving local government funding
unsettled virtually indefinitely. The further absence of any due process
protection whatsoever for a second reassessment, or a third or a fourth, renders
the State Board's reassessment order unconstitutional. <o:p></o:p></span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA"> </span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA">The State Board's reassessment order burdened
the assessor, disrupted the county budget process, and deprived
property owners of their constitutional rights. The Village League
immediately challenged the Board's unlawful and unprecedented
"reassessment" order. We are asking the Court to
reinstate the Board's initial decision and put an end to this matter. <o:p></o:p></span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA"> </span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA">Unfortunately, Nevada's Supreme Court has one of
the largest backlogs of undecided cases in the United States. As we wait
patiently for the decision, we are optimistic that the Court will understand
the stakes and rule in the taxpayers' favor. <o:p></o:p></span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA"> </span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA">Meanwhile, we thank all those in Incline Village
and Crystal Bay for their continued long support for this battle.</span></b><span style="font-size:13.0pt;font-family:Arial;
mso-fareast-language:JA"><o:p></o:p></span></div>
<div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.0pt;
mso-border-bottom-alt:solid windowtext .75pt;padding:0in 0in 1.0pt 0in;
margin-left:-4.5pt;margin-right:-.25in"><p class="MsoNormal" style="mso-pagination:none;tab-stops:right 7.0in;mso-layout-grid-align:
none;text-autospace:none;border:none;mso-border-bottom-alt:solid windowtext .75pt;
padding:0in;mso-padding-alt:0in 0in 1.0pt 0in"><span style="font-size:13.0pt;font-family:Arial;mso-fareast-language:JA"> </span></p>
</div><p class="MsoNormal" align="center" style="margin-top:0in;margin-right:-.25in;
margin-bottom:16.0pt;margin-left:-4.5pt;text-align:center;mso-pagination:none;
tab-stops:right 7.0in;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" style="margin-top:0in;margin-right:-.25in;margin-bottom:
16.0pt;margin-left:-4.5pt;mso-pagination:none;tab-stops:right 7.0in;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><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><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></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><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></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><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></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><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></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt;"><span style="font-size:16.0pt;font-family:Times;
mso-bidi-font-family:Times;mso-fareast-language:JA"> </span></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt; text-align: center;"><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></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt; text-align: center;"><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></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt; text-align: center;"><a href="mailto:Village.League@yahoo.com"><span style="font-size:13.0pt;font-family:Arial;mso-fareast-language:JA">Village.League@yahoo.com</span></a><b><span style="font-size:13.0pt;font-family:
Arial;mso-fareast-language:JA"><o:p></o:p></span></b></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt; text-align: center;"><span style="font-size:13.0pt;font-family:Arial;mso-fareast-language:JA">Non-Profit
Corporation - FEIN 88-0399029
<o:p></o:p></span></div><div style="margin: 0in -0.25in 0.0001pt -4.5pt; text-align: center;"><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></div>
<span style="font-size:13.0pt;font-family:Arial;
mso-fareast-font-family:"ＭＳ 明朝";mso-fareast-theme-font:minor-fareast;
mso-ansi-language:EN-US;mso-fareast-language:JA;mso-bidi-language:AR-SA"># # #</span><!--EndFragment--></body></html>