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Publisher
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Transcription
(COPY) Los Angeles, June 10,19^0 LV-157 Hr. B. H. Hulsizer: Referring to your letter of June 3, file 1760-1, regarding increase in assessment of L?L&f water utility property in Hevada from Hl30»000 in 1939 to $150»000 in 19^0. In considering the assessed valuations of the public utilities in Nevada it should be understood that: (a) Nevada is a very large state. (b) it has a small population which is widely scattered. (c) it has a low assessed valuation of which public utility property constitutes about % * • (d) the aggregate tax rate is limited to $5»0Q per 100 of assessed valuation by statute. (e) it is difficult to harmonize the revenue demands of the various districts in Clark County to the extent that their necessary requirements may be met within the statutory rate limit. (f) the public utility assessments nominally determined by the State fax Commission are in fact made by Tax Commissioner Sexton, who is Chairman of the Public Utilities Commission under whose jurisdiction is the regulation of local public utility consumer rates. Mr. Sexton is considered to be a very skillful analyst and an adept in developing apparently conflicting or inconclusive entries in corporation reports. H has not been satisfied with the LVL&W reports, which, he stated he has analyzed over a period of ten years: he
