In The News – Incline Village residents receive full property tax refunds
June 25, 2024 | Member Submitted
Originally Published in the Tahoe Daily Tribune, 06/21/2024, Written by Brenna O’Boyle
INCLINE VILLAGE, Nev. – After a 17-year battle, Washoe County has completed issuing refunds to Incline Village residents who overpaid property taxes from 2003 to 2006. The Washoe County Board of Commissioners gave approval on the final payment installment this week, allowing the $56 million settlement to be fully dispersed by Friday’s deadline.
The settlement resolves the case Village League to Save Incline Assets v. State of Nevada, which challenged the county’s methodologies for calculating property tax assessments in the lakefront community during those three tax years.
To date, the county has refunded a total of $44,272,119 to Incline Village homeowners. This comprises $22,634,129 in overpaid principal tax amounts and an additional $21,637,990 in accrued interest.