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BUSINESS & 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 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. 21 City of Henderson Total Assessed Value Parcel Count* Assessed Land Assessed Improvements+ Assessed Supplemental Assessed Exempt Net Assessed Value Net Taxable Value Residential 648,071 8,074,132,497 30,662,771,204 521,588,701 568,887,118 38,689,605,284 110,541,729,383 Industrial 4,216 489,313,955 1,453,381,836 26,932,413 50,155,639 1,919,472,565 5,484,207,329 Commercial 16,511 4,313,348,929 15,454,774,951 212,628,457 5,505,600,927 14,475,151,410 41,357,575,457 Vacant/Misc. 67,503 6,783,755,835 48,995,483 25,742,719 4,450,832,066 2,407,661,971 6,879,034,203 2014-15 Totals 736,301 19,660,551,216 47,619,923,474 786,892,290 10,575,475,750 57,491,891,230 164,262,546,371 2013-14 Totals 730,098 17,558,800,005 42,489,672,700 0 10,165,156,403 49,883,316,302 142,523,760,863 % Growth 0.85% 11.97% 12.07% 0.00% 4.04% 15.25% 15.25% Assessed Value compare FY 2013 FY 2014 Change FY13-FY14 % Change FY 2015 Estimated Change FY14-FY15 % Change Henderson $8,255,600,100 $8,514,933,298 259,333,198 3.1% $9,599,639,616 $1,084,706,318 12.7% Clark County 54,193,378,125 55,218,017,749 1,024,639,624 1.9% 62,898,942,089 $7,680,924,340 13.9% Las Vegas 11,926,888,555 12,251,484,406 324,595,851 2.7% 13,852,723,777 $1,601,239,371 13.1% North Las Vegas 3,987,869,401 4,068,384,524 80,515,123 2.0% 4,730,877,154 $662,492,630 16.3% Boulder City 510,495,001 528,726,970 18,231,969 3.6% 609,805,199 $81,078,229 15.3% Mesquite 518,585,360 538,961,318 20,375,958 3.9% 583,373,057 $44,411,739 8.2% Source: Nevada Department of Taxation


15-281861_EDO_e-mag
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