Nevada Legislature: Amendment would reform property taxes

Senators James Settelmeyer and Pete Goicoechea on Thursday introduced a proposed constitutional amendment they say would clean up Nevada’s overly complex and disjointed property tax system.SJR13 would implement some of the provisions contained in California’s Proposition 13 including updating the value of a property to its market value when it sells.At present, when a home sells it retains its old taxable valu