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2014 EDO

BUSINESS AND REAL ESTATE 23 Assessed Value cityofhenderson.com 23 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 property. This assessed value figure is the base on which revenue for state and local government is calculated. Generally speaking, taxable value is reached by adding the market value of the land and the current replacement cost of improvements, less statutory depreciation. $18 billion $18,000,000,000 $16 billion $16,000,000,000 $14 billion $14,000,000,000 $12 billion $12,000,000,000 $10 billion $10,000,000,000 $ 8 billion $8,000,000,000 $ 6 billion $6,000,000,000 $ 4 billion $4,000,000,000 $ 2 billion $2,000,000,000 $ 0 $0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 City of Henderson Total Assessed Value Fiscal Year Assessed Value % Change 2000 3,883,331,694 2001 4,436,462,629 14.2% 2002 5,047,302,333 13.8% 2003 5,937,443,395 17.6% 2004 6,803,230,110 14.6% 2005 7,567,061,928 11.2% 2006 9,934,624,235 31.3% 2007 13,818,632,454 39.1% 2008 15,913,241,892 15.2% 2009 16,308,288,716 2.5% 2010 12,969,946,316 -20.5% 2011 9,784,715,277 -24.6% 2012 8,941,510,959 -8.6% 2013 8,255,600,100 -7.7% 2014 8,514,933,298 3.1% Source: City of Henderson Annual Budget, Nevada Department of Taxation Assessed Valuation Comparison - Southern Nevada Cities Change % FY 2014 Change % FY 2012 FY 2013 FY12-FY13 Change Estimated FY13-FY14 Change Henderson $ 8,941,510,959 $ 8,255,600,100 $ (685,910,859) -7.7% $ 8,514,933,298 $ 259,333,198 3.1% Clark County 57,876,696,265 54,193,378,125 (3,683,318,140) -6.4% 55,218,017,749 1,024,639,624 1.9% Las Vegas 12,958,012,131 11,926,888,555 (1,031,123,576) -8.0% 12,251,484,406 324,595,851 2.7% North Las Vegas 4,434,688,599 3,987,869,401 (446,819,198) -10.1% 4,068,384,524 80,515,123 2.0% Boulder City 525,806,003 510,495,001 (15,311,002) -2.9% 528,726,970 18,231,969 3.6% Mesquite 560,975,540 518,585,360 (42,390,180) -7.6% 538,961,318 20,375,958 3.9% Source: Nevada Department of Taxation


2014 EDO
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