Henderson residents could face property tax hike
Photo: Video by ktnv.com
Henderson, NV (KTNV) -- If Henderson residents want to continue to enjoy their quality of life, they're going to have to pay for it.
That was the message delivered to the Henderson City Council Tuesday night, by a special budget committee.
After nine meetings, the committee told the council they may have to raise fees, cut services and outsource jobs to jobs to maintain roads, parks and emergency services in Henderson.
Raising property taxes is one way to drum up $2 million for operating costs and $17 million for infrastructure, but state law caps increases at 3-cents per $100 of assessed value for residential properties, and 8-cents for commercial properties.
Budget Committee Facilitator Thom Reilly told the council, "Regardless of the amount that a property grows in value each year, the tax bill can only grow by these caps."
It will take a change in state law, or a vote of the people, to meet the committee's recommendation of a property tax increase of 20-cents per $100 of residential assessed value.
The Henderson City Council plans to reach out to residents to convince them to accept that 3-cent property tax hike now, and then to prepare them for the possibility of the higher increase at the municipal elections next year.