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upr000032 10

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upr000032-010
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    University of Nevada, Las Vegas. Libraries

    Pioneer Title Insurance & Trust Co*, Las Vegas, Nevada. July 3, 19*2 Attention; Mr* J* Melania, iiserow Officer* Gentlemen: He your Escrow #%375» 3rour letter of July 7* regard­ing deduction for taxes in the amount of $12*33.$ The deed handled through your Escrow #32563 conveyed 73,6% acres of land In Section 27* 10 •## R* 6l E. This land with other lands in Section 27 including the 10 acres in the sale handled in Escrow #%375 end comprising a total area of 122*20 acres was assessed at a valuation of $12,220. on which taxes at the rate of ?*•925 per $100 were levied In the amount of #601*33* The first Installment of this tax had been paid prior to the date of Esorow #3663 and there remained to be paid three Installments In the total amouit of $%5>1*37 whleh is the amount charged in Esorow #3663* The taxes on the 73* 6% acre parcel, assuming that a split payment could have been made, would have amounted to jA x 73.6% x $100 x M25 equals $290.23 * In order to secure a release of the tax lien on the 73*6% acres It was necessary to pay the outstanding tax on the entire parcel of 122*20 acres of which the 73*6% acres was a portion; this tax amounted to $%§1«37 as stated. The taxes on ths 10 acre parcel had been released in payment of $%5X* 37. Had there been taxes outstanding against the 10 acre parcel w# would have directed you to secure a release at the time the escrow was placed. The Tax Collector's office has credited outr tax bill with the payment of $12,31 which Is satisfactory, but ths credit does not extend to taxes on the 10 acres or oth»r area in Sec* tion 27 since those taxes for 19%1 were paid prior to the date of your Esorow #%375v lours trulj / Bfm - co- Mr. W, H* Bracken^