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BUSINESS & REAL ESTATE | ASSESSED VALUE Nevada 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 Assessed Value Comparison FY 2014 FY2015 Estimated Change FY14-FY15 % Change FY 2016 Estimated Change FY15-FY16 % Change Henderson $8,514,933,298 $9,599,639,616 $1,084,706,318 12.70% $10,630,915,21 $1,031,275,603 10.70% Clark County $55,218,017,749 $62,898,942,089 $7,680,924,340 13.90% $69,258,468,466 $6,359,526,377 10.10% Las Vegas $12,251,484,406 $13,852,723,777 $1,601,239,371 13.10% $15,520,077,988 $1,667,354,211 12.00% North Las Vegas $4,068,384,524 $4,730,877,154 $662,492,630 16.30% $5,505,886,141 $775,008,987 16.40% Boulder City $528,726,970 $609,805,199 $81,078,229 15.30% $671,380,330 $61,575,131 10.10% Mesquite $538,961,318 $583,373,057 $44,411,739 8.20% $641,450,284 $58,077,227 10.00% Source: Nevada Department of Taxation City of Henderson Total Assessed Value Parcel Count Assessed Land Assessed Improvements+ Assessed Exempt Net Assessed Value Residential 102,102 $1,791,812,533 $6,627,193,117 $73,437,716 $8,345,567,934 Industrial 444 $65,048,694 $215,950,539 $17,661,226 $263,338,007 Commercial 1,969 $476,781,595 $1,410,560,812 $689,346,802 $1,197,995,605 Vacant/Misc. 10,621 $767,833,336 $6,003,347 $206,558,898 $567,277,785 2015-16 Totals 115,136 $3,101,476,158 $8,259,707,815 $987,004,642 $10,374,179,331 Source: Clark County, Henderson Secured Tax Roll, 8/11/2016


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