In Brief.... After a Friday ruling by the Nevada Supreme Court, 38 Incline Village at Lake Tahoe property owners will receive a possible windfall of $350,000. The court ruled various state and county taxation departments were unconstitutional in how they assessed property values for those owners during 2004-2005 fiscal year. Read the entire story in the North Lake Tahoe Bonanza. www.tahoebonanza.com.
This is a huge decision and a tremendous decision for property owners and might just effect the departments of taxation, tax commissions, state boards of equalization, county and city assessors offices across the country.
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