Washoe County Board Upholds Assessor Valuations for Multiple Commercial Properties

Reno — The Washoe County Board of Equalization on Feb. 23 upheld the Washoe County Assessor's taxable valuations for a series of commercial property appeals, voting to sustain the assessor's determinations after staff presentations and brief board deliberations.

Appraisers from the assessor's office presented evidence for each contested parcel, citing sales-comparison and income approaches and, where applicable, cost or obsolescence adjustments. Adam Smith recommended upholding the assessor's valuation for the Audi/Land Rover/Jaguar parcels, noting the properties will be combined and that an active remodel permit will change land and improvement values in the 2026–27 reopen; “Therefore, it is recommended that the current value be upheld,” Smith said.

Harley Olsen presented the Sparks Galleria Shopping Center appeal (11 parcels, roughly 29.67 acres and about 215,000 square feet), describing an obsolescence adjustment done since 2023 and concluding the assessor's total taxable value of about $35,000,000 — roughly $162 per square foot — was supported by…