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May 27, 2012

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Tax windfall for Lyon County

Wednesday, May 28, 1997 | 10:49 a.m.

An error in calculating assessed property values will cost Washoe County about $2.2 million in expected revenues next fiscal year.

That affects the whole formula for dealing out sales tax revenues, and it means $405,109 to Lyon County, the Mason Valley News reported.

However, like counting unhatched chickens, County Manager Steve Snyder says it's too early to make plans for the money until final state estimates are in - and until the other counties have a chance to doublecheck their figures.

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