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2014 EDO

BUSINESS AND REAL ESTATE Assessed Value Comparison Henderson continues to focus its efforts on recruiting new businesses, strengthening existing businesses, and diversifying the local economy. This includes maintaining a pro-business climate and recruiting a select list of target industries including 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 commercial 24 24 medical, industrial, financial, educational, and administrative offices, each of which create job opportunities for our and industrial development projects. $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 cityofhenderson.com Property Tax Rate Comparison For Fiscal Year 2014, Henderson’s city property tax rate continues to be $.71 per $100 in assessed valuation. Henderson has maintained the same property tax rate for the past 23 years and continues to have one of the lowest rates in the Las Vegas metropolitan area and in Nevada. Assessed Value Comparison - Land Use Property Tax Rates - Nevada Cities of Comparable Size $1.16 $1.16 $1.16 $1.16 1.06 1.06 1.06 1.06 0.95 0.95 0.96 0.96 0.71 0.71 0.71 0.71 $0.00 2011 2012 2013 2014 North Las Vegas Las Vegas * Reno Henderson Source: Nevada Department of Taxation * Includes Las Vegas Metropolitan Police Department • • • • Residential 6,354,218,248 ( 79.23%) Commercial 1,082,510,843 ( 13.50%) Vacant 365,614,410 ( 4.56%) Industrial 217,657,466 ( 2.71%) Source: Clark County Assessors Office, 8/12/2013 $1.16 $1.16 $1.16 $1.16 $1.16 1.06 1.06 1.06 1.06 1.06 0.95 0.95 0.95 0.95 0.96 0.71 0.71 0.71 0.71 0.71 $0.00 2009 2010 2011 2012 2013 North Las Vegas Las Vegas * Reno Henderson


2014 EDO
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