With all the talk about property values declining, taxpayers in Washoe County might think they should see a decrease in their tax bills. From 2007 to 2009, residents probably did not see a decrease. In 2010, however, decreases were much more common.
What rights do you have if you disagree with the bill you receive and how are taxes calculated? Per the tax assessor’s office, they calculate 35% of the appraised value of your home to determine the assessed value. So, to keep it simple, if your home is valued at $100,000, the assessed value is $35,000. Once the assessed value is determined, the Washoe County Treasurer’s office calculates the tax based on your areas tax rate (posted on their website).
Your property is reassessed annually. Some of the things that might change your assessed value could be a boundary change if your property is subdivided, new construction or remodeling, a usage change, i.e., your property was your home but it is now your office or used for commercial reasons.
If you disagree with your assessed value, you have the right to talk to the appraiser. If you cannot resolve your concern, you may appeal to the County Board of Equalization.
A summary of your bill of rights follows:
AS A PROPERTY TAXPAYER YOU POSSESS CERTAIN RIGHTS.
You have the right:
To an Assessor`s Office with an “open door” policy. To a just and equitable assessment of your property, conducted in accordance with Nevada statutes and the regulations of the Nevada Tax Commission. To prompt and courteous attention from the Assessor`s Office whenever you have a question concerning any aspect of your appraisal. To complete details that set forth the Assessor`s procedures for assessing your property, including a copy of your appraisal records; and sales and other data upon which your appraisal is based. To appeal to the County Board of Equalization, the State Board of Equalization and the court system if you feel that your appraisal is incorrect. To prior notification when your property is due to be reappraised. To regularly scheduled seminars to be held to advise and inform property owners of current assessment procedures. To have the Assessor`s Office be an advocate to the Legislature on behalf of Taxpayers. To access to an ombudsman type employee who will act as a middleman in the review of Taxpayer`s problems. To be advised by the Assessor`s Office of all of your rights as a taxpayer.
The full bill of rights is listed in the Nevada Revised Statute 360.291-Title 32.
As published on examiner.com/mortgage-in-reno/property-tax-assessments-your-bill-of-rights