khildebrand@recordcourier.com
STATELINE, Nev. The owners of Tahoe Beach Club are appealing a $35.1 million assessment, claiming that because the development hasn’t been completed, it’s actually worth $24.57 million.
Beach club owners have appealed their tax valuation.
Tribune photo
Beach Club attorney Josh Hicks submitted a 50-page appraisal on Wednesday morning, which resulted in board members continuing the issue until Feb. 25.
At issue is the amount of time it will take Beach Club to sell its remaining parcels. Under Nevada administrative code, parcels in a subdivision which are not sold, rented or occupied at the time of assessment may result in a reduction. In the case of Beach Club, they claim they are eligible for a 30% discount when the tax rolls closed for 2020-21.