Clark County Auditor, John S. Federer, announced today that Senate Bill 57 was passed and is a response to COVID 19. The bill allows a property owner to seek a reduction in the true value of their property which is caused due to a circumstance related to COVID 19. For tax year 2020 the complaint must be filed from August 3, 2021 through September 02, 2021. SB57 also authorizes filings for tax year 2021 and tax year 2022; this allows the tax payer to file more than once in the triennial period.
The following are specific details that need listed on the face of the complaint:
- The eligible complainant shall allege with particularity on the complaint how COVID (or other words to that effect) caused a reduction in the true value of the property(s).
- The dollar amount of the reduction sought as a result of the above.
Also, the complainant has to prove the above elements, the following are examples to help show how COVID 19 has caused a reduction in true value of the property(s)::
- Audited financial statements or tax returns for the owner of the real estate for calendar years 2018, 2019, and 2020.
- Year-to-date financial data including income and expenses, up to and including sixty (60) days prior to the hearing for calendar year 2021.
- An appraisal for the real property in question utilizing the authorized approaches to value.
- Description and amounts of any federal funds intended for support that have been received as of the date of the appeal including, but not limited to, funds received under the CARES act.
- A written summary report outlining and supporting the request.
- If applicable, a copy of your paycheck protection program application (PPP form).
The Department of Taxation has released an updated DTE form to file regarding any COVID 19 reduction sought. You will find them on my website under ‘forms’ at www.clarkcountyauditor.org . If you have any questions please call the Auditor’s Office at (937)521-1890 and someone will assist you as soon as possible.