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NOTICE TO ASSESSOR WILSON!!
ALERT: #169
DATE: April 19, 2008
TO: Incline Village & Crystal Bay Property Owners
FROM: Village League Tax Revolt Committee
Dear Incline Village & Crystal Bay Property Taxpayers,
In spite of Washoe County Assessor Wilson’s protestations to the contrary, yesterday’s Reno Gazette-Journal newspaper accurately reported that the average price of a home in Incline Village dropped by 31%. And, sales of homes that sold for $1,000,000 or more decreased by 73%, while sales of homes that sold under $1,000,000 decreased by 50%. (See below for excerpts of the article.)
These are staggering numbers, yet the Assessor doesn’t think that the housing slump has affected the Incline Village/Crystal Bay area; therefore, our taxes should continue to increase!!
He also has stated that no matter how much further the price of homes continues to decrease; the taxes owed by the homeowners will continue to increase by 3% per year. This is difficult to understand, to say the least.
Given the information that was released today, I would suggest that you write or call the office of the Washoe County Assessor and ask for an explanation from Assessor Josh Wilson.
- Josh Wilson
1001 East Ninth Street
Reno, NV 89520
Office: 775 328 2203 or 775 329 2233
Email: JGWilson@washoecounty.us
There will be more news in the near future – watch for your email Alerts.
Sincerely,
Maryanne Ingemanson, President
Village League to Save Incline Assets, Inc.
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Village League to Save Incline Assets Board Members:
- Maryanne Ingemanson, President
- Dale Akers, Historian
- Les Barta, Law Research
- John Carney, Analyst
- Wayne Fischer, Webmaster
- Ted Harris, Tax Revolt Committee Chairman
- Todd Lowe, Financial,
- Chuck Otto, Public Relations
Village League to Save Incline Assets, Inc.
Non-Profit Corporation - FEIN 88-0399029
1165 Vivian Lane, Incline Village, NV 89451
Phone: 775-831-4011, Fax 775-831-0325
Email : mingemanson@charter.net
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Reno Gazette-Journal, excerpts of the article on page 10A, 4/18/08
Average Tahoe home price drops below $1 million
The average price of homes throughout Lake Tahoe dropped below $1 million for the first time since 2004, with home sales at the lower end of the market seeing a significant increase in some areas.
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According to Chase International's first-quarter 2008 Tahoe-Reno statistics, the average price for a home at Lake Tahoe is now $909,919, a 38 percent drop from the previous average. Median home prices decreased 25 percent to $662,172.
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Incline Village: Some of the biggest decreases were reported in Incline Village, which reported a 73 percent decrease in sales volume and a 61 percent decrease in units sold. Sales of Incline Village homes under $1 million were down 50 percent while sales of homes priced above $1 million were down 71 percent.
The average price of an Incline Village home dropped 31 percent to $1,120,266, while the median price dropped 21 percent to $898,688.
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