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Washoe County assessor details $95 billion tax base; county releases unaudited FY25 general-fund picture
Summary
Assessor Chris Sarmon outlined reappraisal, new-value discoveries and tech investments tied to a $95 billion taxable base; county budget staff provided an unaudited year-end general-fund summary showing continued use of fund balance and an uncertain consolidated-tax distribution from the state.
Washoe County Assessor Chris Sarmon and county budget staff presented operational and fiscal updates to the Board of County Commissioners on Aug. 26, outlining the assessor office's role in producing property-tax revenue and the county's unaudited fiscal-year 2025 general-fund results.
"Our duty is to discover, list, and value all property that's subject to taxation, unless it's otherwise exempt," Assessor Chris Sarmon said, summarizing the statutory mission of his office.
Key assessor facts
- Tax base and work volume: Sarmon said the assessor maintains about 192,000 parcels with a taxable asset base of about $95,000,000,000. His staff added roughly $3.5 billion in new taxable value in the reappraisal and discovery process this year: $1.7 billion from market reappraisal and about $1.8 billion from discovery work (permits, error corrections).
- Revenue effect:…
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