Clark County BOE upholds assessor value for Owens Avenue strip center; denies several untimely appeals

The Clark County Board of Equalization on Feb. 6, 2025, upheld the Clark County Assessor—s taxable value of $4,104,116 for a 30,766-square-foot strip retail center at the southwest corner of Owens Avenue and Sand Hill Road and denied jurisdiction on several notices of appearance the assessor—s office said were untimely or improperly authorized.

The decision came after the property—s owner and appellant, Eric Reiter, questioned the assessor—s choice of comparable sales and said recent higher interest rates and local operating problems reduce market value. The assessor—s office, represented at the hearing, presented sales-comparison and income-based analyses and recommended the board hold the taxable value.

Why it matters: the Board—s action affirms the assessor—s valuation for tax purposes and refused to accept several appeals because agents failed to file timely or correct written authorizations. The rulings affect individual taxpayers seeking review and illustrate procedural limits the board enforces before hearing substantive valuation disputes.

Case 61 — Ticken L.L.C. (strip retail center) The board heard one contested commercial appeal (Case 61) in detail. Troy Grama, speaking for the Clark County Assessor—s Office, described the subject as a strip retail center of three buildings totaling 30,766 square feet in the Northeast submarket. The assessor recommended no change to the taxable value: "$4,104,116," Grama told the board.

Ap…