LETTER: Nevada lawmakers must reject effort to raise property taxes

The proposal to increase property taxes by 3 percent annually sounds innocuous enough, but it’s really pernicious when you delve into it. A 3 percent increase compounded annually results in a 34 percent increase after 10 years. I’m pretty sure that those people on fixed incomes will not be experiencing a 34 percent increase in their incomes over the next 10 years.