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March 12, 2013
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Tax expert opposes property tax bill to help local entities

Sparks Democrat Skip Daly’s plan changing property tax to help local governments drew opposition Tuesday as further complicating an overly complex tax system.

“I’m trying to look for a way to help cities and counties,” he told the Assembly Taxation Committee. “It’s designed to help those entities providing services closest to the people.”

Assembly Bill 201 would do that by increasing the percentage of market value now used to calculate a property owner’s annual tax bill. Under current law, the assessed value is set at 35 percent of market value.

During a period of 10 years, Daly’s bill would increase …

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The Nevada Appeal Updated Mar 14, 2013 11:36AM Published Mar 13, 2013 03:29AM Copyright 2013 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.