Incline Village: Blazing the Trail for Property Tax Revolts
This is a discussion on Incline Village: Blazing the Trail for Property Tax Revolts within the Law News forum, part of the FORUM INFORMATION category; U.S. homeowners increasingly challenging tax assessments. Look alive, tax appeal specialists. The WSJ’s Jim Carlton has some red meat for ...
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Nov 1st, 2011, 09:30 AM
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Incline Village: Blazing the Trail for Property Tax Revolts
U.S. homeowners increasingly challenging tax assessments.
 Look alive, tax appeal specialists. The WSJ’s Jim Carlton has some red meat for you in the story about U.S. homeowners increasingly challenging tax assessments. In some cases, they are contesting run-ups in property assessments when the housing market was flush. In others, homeowners argue their assessments haven’t fallen as much as their home values have since 2008, Carlton reports. Lawyers appear to be drawing inspiration from one case out of Incline Village, Nev., a wealthy Lake Tahoe community whose residents won a record $43 million in refunds and are seeking more. Among those entitled to refunds under the July ruling: Oracle Corp. billionaire Larry Ellison, former junk-bond king Michael Milken and Peoplesoft founder Dave Duffield. More... |
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