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Henderson Nevada Economic and Demographic Overview 2013

BUSINESS AND REAL ESTATE Assessed Value Comparison Property Tax Rate Comparison Henderson continues to focus its efforts on recruiting new For Fiscal Year 2013, Henderson’s City property tax rate continues businesses, strengthening existing businesses, and diversifying to be $.71 per $100 in assessed valuation. The City of Henderson the local economy. This includes maintaining a pro-business has maintained the same property tax rate for the past 23 years climate and recruiting a select list of target industries includ- and continues to have one of the lowest rates in the Las Vegas ing medical, industrial, financial, educational, and administra- metropolitan area, as well as the State of Nevada. tive offices, each of which create job opportunities for our residents. The types of new businesses that can be recruited is dependent upon the availability of marketable land. A comparison of commercial, industrial, and residential assessed value shows that although residential land uses represent by far the highest percent of land use, the City has maintained a balance in land uses through attracting new com- mercial and industrial development projects. Assessed Value Comparison - Land Use Residential 6,187,600,954 ( 77.34%) Commercial 1,159,504,584 ( 14.49%) Vacant 430,562,044 ( 5.38%) Industrial 223,112,868 ( 2.79%) Source: Clark County Assessors Office, 12/11/2012 Property Tax Rates - Nevada Cities of Comparable Size $1.40 $1.20 $1.40 $1.16 $1.16 $1.16 $1.16$1.16 1.06 1.06 1.06 1.06 1.06 $1.16 $1.16 $1.16 $1.16 $1.16 $1.00 0.95 1.06 1.06 0.95 1.06 0.95 1.06 0.960.951.06$1.20 $1.00 0.95 0.95 0.95 0.95 0.96 $0.80 0.71 0.71 0.71 0.71 0.71 $0.80 0.71 0.71 0.71 0.71 0.71 $0.60 $0.60 $0.40 $0.40 $0.20 $0.20 $0.00 $0.00 2009 2009 2010 2011 2012 2013 2013201220112010 North Las  Las Vegas Las Vegas ** Reno HendersonHendersonReno Vegas LasVegasNorth Source: Nevada Department of Taxation * Includes Las Vegas Metropolitan Police Department 24 24 cityofhenderson.com


Henderson Nevada Economic and Demographic Overview 2013
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