Taxes & Incentives
One of Life’s Certainties, Minimized
With the lowest city property tax rates in the region and no state income tax, scores of new residents and businesses choose to relocate to Henderson each year. Once free from the tax burdens of neighboring states, new Henderson residents enjoy a better quality of life due to the low cost of living.
Businesses benefit too, with 30% savings on things like worker’s compensation and electric utility rates. Companies based in Henderson also reap the rewards of incentive programs such as Utility Franchise Fee Abatement and the Henderson Public Improvement Trust.
The 2016-17 Kosmont-Rose Cost of Doing Business Survey rated Henderson as a “Very Low Cost City.” The survey looks at six types of taxes including business license levies, property tax, sales tax and utility use taxes for more than 300 cities nationwide.
The State Business Tax Climate Index for FY 2018, released by The Tax Foundation, ranked Nevada fifth among the top 10 states with the most business-friendly tax systems.
“No” is a good word when it comes to taxes.
Where We Axe the Tax
Here are just a few examples of taxes not levied on companies located in Henderson.
BANK EXCISE MEASURED BY INCOME
SALES TAX ON FOOD
BANK SHARE TAX
Located centrally between five major markets, key interstates, shipping ports, and expansive air service, moving goods and resources for your business is easy.
Workers compensation rates for the state of Nevada are drastically less than those in California.
Henderson’s proximity to McCarran International Airport means that businesses can take advantage of low-cost air rates and superior flight availability.
Henderson boasts easy access to markets such as Los Angeles, Phoenix, Salt Lake City, and San Diego, all reachable within a two-hour flight or quick drive.
Henderson has the lowest property tax rates among major incorporated cities in the state of Nevada.
Thanks to the volume of major market/trade shows in Las Vegas, a Henderson location allows businesses to facilitate new business opportunities.
Due to the demands of the Las Vegas hospitality market, our businesses can take advantage of affordable rates provided by empty trucks returning to their destinations.
Henderson's multi-faceted development review team brings together employees from seven city departments into a coordinated plan, review, inspection, and permit operation.
The Henderson Redevelopment Agency provides tailored financial assistance to development projects that are aligned with City objectives, including facade grants, tenant improvement grants, and sign grants.
The Nevada Governor’s Office of Economic Development offers a variety of incentives to help qualifying companies make the decision to do business in the state.
The Henderson Public Improvement Trust was created to promote projects which create jobs, provide new or improved services, build infrastructure to allow for major development, or to provide affordable housing in the city.
Henderson’s four Opportunity Zones include its historic downtown and the Lake Mead and Boulder Highway corridors, which are prime for investment.