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November 24, 2009

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Three casinos to pay less taxes

Friday, Jan. 2, 1998 | 9:56 a.m.

State law allows businesses to argue for property assessment reductions based on their business income.

The Sands Regency was reassessed at $28.6 million, a reduction of $12 million.

The Riverboat Casino's taxable value was reduced from $9.1 million to $8.9 million for the tax year beginning July 1. That reduction follows a nearly 50 percent property value reduction last year.

The Pioneer Inn was appraised at $8 million, a $400,000 decrease.

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