Page 25

Henderson Nevada Economic and Demographic Overview 2013

BUSINESS AND REAL ESTATE Assessed Value Nevada is the only state that does not use a home's market value to calculate property taxes. Instead, property taxes are based on the net assessed value of a home. The assessed value represents 35 percent of the taxable value of the prop- erty. This assessed value figure is the base on which revenue for state and local government is calculated. Generally speak- ing, taxable value is reached by adding the market value of the land and the current replacement cost of improvements less statutory depreciation. City of Henderson Total Assessed Value Assessed Value Fiscal Year Assessed Value % Change 1999 3,317,911,472 $18,000,000,000$18 billion 2000 3,883,331,694 17.0% 2001 4,436,462,629 14.2% $16,000,000,000$16 billion 2002 5,047,302,333 13.8% $14 billion$14,000,000,000 2003 5,937,443,395 17.6% 2004 6,803,230,110 14.6% $12,000,000,000$12 bllion 2005 7,567,061,928 11.2% $10,000,000,000$10 billion 2006 9,934,624,235 31.3% $8,000,000,000$ 8 billion 2007 13,818,632,454 39.1% 2008 15,913,241,892 15.2% $6,000,000,000$ 6 billion 2009 16,308,288,716 2.5% $ 4 billion$4,000,000,000 2010 12,969,946,316 -20.5% 2011 9,784,715,277 -24.6% $2,000,000,000$ 2 billion 2012 8,941,510,959 -8.6% $0$ 0 2013 8,255,600,100 -7.7% 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: City of Henderson Annual Budget, Nevada Department of Taxation Assessed Valuation Comparison - Southern Nevada Cities Change % FY 2013 Change % FY 2011 FY 2012 FY11-FY12 Change Estimated FY12-FY13 Change Henderson $ 9,784,715,277 $ 8,941,510,959 $ (843,204,318) -8.6% $ 8,255,600,100 $ (685,910,859) -7.7% Clark County 63,926,261,627 57,876,696,265 (6,049,565,362) -9.5% 54,193,378,125 (3,683,318,140) -6.4% Las Vegas 13,718,834,481 12,958,012,131 (760,822,350) -5.5% 11,926,888,555 (1,031,123,576) -8.0% North Las Vegas 4,719,007,066 4,434,688,599 (284,318,467) -6.0% 3,987,869,401 (446,819,198) -10.1% Boulder City 564,973,634 525,806,003 (39,167,631) -6.9% 510,495,001 (15,311,002) -2.9% Mesquite 636,455,142 560,975,540 (75,479,602) -11.9% 518,858,360 (42,117,180) -7.5% Source: Nevada Department of Taxation 23 cityofhenderson.com 23


Henderson Nevada Economic and Demographic Overview 2013
To see the actual publication please follow the link above