A dropping water table southwest of Las Vegas is apparently taking a big toll on some home values.
Last month, a San Miguel County panel decided to lower valuations for four properties in the Ojitos Frios subdivision, where some residents have been without water. This will likely mean reduced property taxes.
A recent market estimate for Jack and Betty Thompson’s property came in at $275,000. But the county has since reappraised the property at $22,000 — a loss of more than 90 percent.
If you currently subscribe or have subscribed in the past to the Las Vegas Optic, then simply find your account number on your mailing label and enter it below.
Click the question mark below to see where your account ID appears on your mailing label.