lgriffo@tahoedailytribune.com
STATELINE, Nev. The owners of Tahoe Beach Club are stuck with the $35.1 million assessment after the Douglas County Board of Equalization voted to deny their appeal of a lesser amount.
The amazing view from Tahoe Beach Club on Lake Tahoe’s South Shore.
Tribune file
Attorney Josh Hicks, representing Tahoe Beach Club, claimed the property had been assessed too high based on a comparison to the neighboring Edgewood Tahoe Resort cabin property that was appraised at a much lower value, $24.57 million.
Hicks claimed that in some ways, Edgewood was superior. While both properties have private beach access, he said Edgewood has much more beach, a private road accessing the cabins and is closer to the casino corridor.
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.