Lake Tahoe tax rollback ruling stands, Nevada Supreme Court decides

CARSON CITY (AP) — A lower court ruling that rolled back taxes for a group of Lake Tahoe residents involved in a six-year battle over their land and property values was upheld Friday by the Nevada Supreme Court. The high court decision favors dozens of Incline Village and Crystal Bay homeowners, on Tahoe’s northeast shore, who had their taxes for the 2004-2005 tax year rolled back to 2002-2003 levels. That’s in line with an earlier ruling that did the same for the year in between those two tax years. A Carson City District Court decision that favored the homeowners had been appealed to the Supreme Court by state tax officials and by the Washoe County assessor. But high court justices sided with the homeowners who said their assessments were determined in an unconstitutional manner. The Supreme Court said the state Board of... [read full story]