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Tax Benefits Residents do not pay personal income tax, corporate tax, inheritance tax, estate and/or gift tax and the property taxes are low The current sales tax is 8 1% Groceries, services and prescription drugs are exempt from sales tax In 1990, the voters of Nevada approved a constitutional amendment to prohibit the imposition of a personal income tax Property Tax Rate Comparison $1.25 $1.00 $ .75 $ .50 $ .25 2007 2008 2009 2010 2011 North Las Vegas 1.17 1.16 1.16 1.16 1.16 Las Vegas* 1.06 1.06 1.06 1.06 1.06 Reno 0.95 0.95 0.95 0.95 0.95 Henderson 0.71 0.71 0.71 0.71 0.71 *Includes Las Vegas portion of the Las Vegas Metropolitan Police Department Economic remained at the same level forHenderson’s tax rate has Development the past 23 years and is thelowest in Clark County. Businesses from coast to coast are taking advantage of Southern Nevada’s business-friendly climate and healthy economy by expanding or relocating to Henderson Because of Henderson’s phenomenal growth over the past two decades, many business leaders have turned to the City of Henderson’s Economic Development/Redevelopment Division for assistance in expanding or relocating a business to the city For more information on opening a business in or relocating a business to Henderson, visit www HendersonMeansBusiness com, call the City of Henderson’s Economic Development Division at (702) 267-1650 or email COHEcon@cityofhenderson com 7


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