Measures might give tax relief to Tahoe residents |

Measures might give tax relief to Tahoe residents

CARSON CITY (AP) – Nevada lawmakers moved ahead Saturday with proposals aimed at giving some property tax relief to longtime Lake Tahoe residents hit with huge tax hikes.

The Assembly endorsed amendments to AB668, proposed by Assembly Minority Leader Lynn Hettrick, R-Gardnerville, to provide for a temporary cap of 6 percent a year in Tahoe-area property tax hikes.

To make the plan constitutional, the amendments say the tax cap would apply to any area of the state with extreme spikes in property values, covered by a regional government, and having unique environmental and ecological values.

In Nevada, only the Lake Tahoe area fits that description.

The Assembly also endorsed amendments to AJR8, a proposed constitutional amendment that would allow for special property tax rates at Tahoe. The plan also must be approved by Nevada voters to take effect.

Advocates of tax relief at Tahoe included one resident who said his property tax bill had jumped from $7,000 to $105,000.

Tax relief proponents also said Californians moving into the Lake Tahoe Basin and paying millions of dollars for small parcels of land are driving up land values. Since property taxes are based partially on market value, longtime residents with small, older homes are seeing their tax bills skyrocket.

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