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Post details: Nevada --Property Tax: Values Determined by Factoring Method Unconstitutional
07/29/08
Nevada --Property Tax: Values Determined by Factoring Method Unconstitutional
CCH (cch.taxgroup.com) reports:
Property values determined for property tax purposes using the factoring valuation method, which required the use of unconstitutional values from the prior year, were necessarily unjust and inequitable, according to an en banc decision of the Nevada Supreme Court. The district court decision to void the 2004-2005 assessments was affirmed and a refund was granted.
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