Tax assessor drops value of Harrah’s Reno
By Cy Ryan, Las Vegas Sun
CARSON CITY — Harrah’s in Reno is in bad shape and it won a reduction in its taxable value from the state Board of Equalization this week.
But it’s far short of what the hotel-casino sought.
The Washoe County’s Assessor’s Office set the value at $20.5 million, and the board — after three deadlocked votes — put the taxable value at $16.2 million. Harrah’s suggested the value at $8.8 million, said Mark Stafford of the assessor’s office.
John Knott, a consultant for Harrah’s, told the board the 928-room hotel was not in good condition and it would take $19 million to make needed improvements.