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    nts to know what their property taxes will be when they purchase a piece of real estate yet there is no routine formula that one can use (like in California) for determining the taxes on any
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    As a real estate agent and homeowner in Nevada, I am always perplexed by the seemingly arbitrary way that property taxes are determined, especially for the real estate in Incline Village and Washoe County. With the State laws governing property assessments seemingly straight forward, why are there such huge variations in property taxes for similarly priced properties?

    I have spoken with Incline Village real estate brokers who have been here for 25+ years and the only word they use to describe our property tax system is "Arbitrary." When 2 properties can sell for the same price on approximately the same date and one pays taxes that are 25% to 35% higher than the other it is difficult to explain this phenomenon to prospective buyers. Everyone wants to know what their property taxes will be when they purchase a piece of real estate yet there is no routine formula that one can use (like in California) for determining the taxes on any

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    Washoe County. With the State laws governing property assessments seemingly straight forward, why are there such huge variations in property taxes for similarly priced properties?

    I have spoken with Incline Village real estate brokers who have been here for 25+ years and the only word they use to describe our property tax system is "Arbitrary." When 2 properties can sell for the same price on approximately the same date and one pays taxes that are 25% to 35% higher than the other it is difficult to explain this phenomenon to prospective buyers. Everyone wants to know what their property taxes will be when they purchase a piece of real estate yet there is no routine formula that one can use (like in California) for determining the taxes on any

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    ave spoken with Incline Village real estate brokers who have been here for 25+ years and the only word they use to describe our property tax system is "Arbitrary." When 2 properties can sell for the same price on approximately the same date and one pays taxes that are 25% to 35% higher than the other it is difficult to explain this phenomenon to prospective buyers. Everyone wants to know what their property taxes will be when they purchase a piece of real estate yet there is no routine formula that one can use (like in California) for determining the taxes on any
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    l for the same price on approximately the same date and one pays taxes that are 25% to 35% higher than the other it is difficult to explain this phenomenon to prospective buyers. Everyone wants to know what their property taxes will be when they purchase a piece of real estate yet there is no routine formula that one can use (like in California) for determining the taxes on any
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    nts to know what their property taxes will be when they purchase a piece of real estate yet there is no routine formula that one can use (like in California) for determining the taxes on any particular sale.

    Generally, a condo in Incline Village will pay much lower property taxes than a single family residence (house) that sells for exactly the same price. No one can explain the reason for this, since property taxes are supposed to be based upon fair market value. How can the county tax assessor claim that it is fair to tax a condo at a far lower rate than a house that sells for the same price?

    A great example of this nonsensical system is to compare the sale of two properties that closed escrow in the summer of 2005 at the exact same price; $500,000. The house at 953 Tyner Way has a property tax bill of $3,347 per year, while the condo at #96 McCloud has taxes of only $2,227. How can the assessor justify taxing the house a

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