Unfair Assessments is more than just over assessment of property.   While over assessment has its own issues as long as it is consistent the State equalization will help remove some of that.

What I mean by unfair assessments is that they are all over the board in terms of assessed value.  I looked at 39 RMLS (open market, arms length)  existing home sales in July 2009 that sold between $190,000 and $210,000.   In a world of fair assessments all of these would have a similar assessed value.     But the assessments range from 9% below market sales price to 76% over the market sales price.    This is an 85% swing in values.  The average is 21% over assessed.

So the situation in Clark County is you have similar homes selling for similar values and assessed values that differ wildly.   This is unfair assessment.