Henderson Residents Face Possible Tax Hike - 8 News NOW

Henderson Residents Face Possible Tax Hike

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A tax increase would go to repair Henderson playgrounds. A tax increase would go to repair Henderson playgrounds.

HENDERSON, Nev. -- For the first time in more than 20 years, Henderson residents could be facing a property tax increase. The proposed hike could take effect as early as this year.

The property tax in Henderson is currently the lowest in the Las Vegas valley at about 71 cents per $100 in assessed home value. That's compared to $1.06 in Las Vegas and $1.16 in North Las Vegas.

Like much of Clark County, since the recession, property values have gone down for homes which has caused property taxes to decrease. City officials say to keep Henderson on the list as one of the best places to live in the country, extra funding is needed.

Dave Deems moved from Northern California to Southern Nevada with his family just a few months ago. Henderson was at the top of the list as a potential place to buy a home.

"This is the best area of all of Las Vegas, in my opinion," he said.

He says, compared to California, property taxes in this city are some of the lowest he's seen.

Real estate agent Michael Freeman is torn over the issue.

"When you hear taxes, it makes you cringe."

The city of Henderson is considering raising property tax to offset a budget deficit of $2 million and an infrastructure shortfall of more than $17 million.

 "Revenues are down 30 percent and property tax is back to 2006 levels," said Richard Derrick, the CFO for the city of Henderson.

He says a special budget committee will propose to the city council a hike of as much as 20 cents in property tax. That could generate more than $16 million a year for the city.

"We are all taxpayers, we all call this community home, the question is what do we do for the future?"

Derrick says the property tax would go towards road repair and repaving, replacing aging fire and police vehicles and sprucing up parks in the community.

Deems says, if the tax increase goes towards things that benefit his loved ones, then he's willing to put in the extra money.

"It's a drop in the bucket compared to what it's actually worth," Deem said.

The Henderson City Council can vote to raise the property tax by 3 cents without a vote of the residents. A higher amount requires a public vote. The last increase was in 1991.

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