Equipment values in Lyon County will drop off in the near future because of a bill passed to exempt new equipment from the property tax role, Lyon County commissioners were told on Wednesday.
Gary Post, Lyon County appraiser, told commissioners during Wednesday’s study session that Lyon County saw a 6 percent increase in appraised value, putting it at more than $100 million.
“You will see that value drop off now because every business equipment purchased after July 1 will be exempt and will not be on the tax role,” Post said. “Everybody that had a piece of old equipment that was on the tax role and that equipment is less than $1,500 is exempt. Virtually everybody up and down Main Street have become tax exempt.”
Post said that obviously nobody wants to pay taxes.
“You have a voice out there and they’ve been really effective,” Post said.
Lyon County Commissioner Myron VanGundy said he is concerned anytime tax revenue is lost. Commissioner Bob Davis said this is only the beginning.
Post also talked about the Community Rating System audit. The CRS is through FEMA. Once Lyon County is a CRS community, homeowners will get a discount on their insurance.
“It’s showing that we’re out here doing some stuff in Lyon County that is important and it will pay of in a five percent discount for home owners,” Post said.
Other items discussed in the commission meeting:
Also during the meeting, Marc Goodman discussed with commissioners an encumbrance of $10,000 from diversion fund to be transferred to a designated party for continuation of the Quest Program for school year 2006-2007 as part of the Juvenile Delinquency Prevention Trust Fund Grant.