Clark County

Overview

With a population of more than 1.7 million, Clark County is home to the fastest growing city in the nation (Las Vegas). As the county continues to grow, opportunity and resources follow in step. Quality education beginning with the local school districts and enhanced by the University of Nevada, Las Vegas help produce and improve the workforce that supports growing industries in the area.

From education to technology, growth is prevalent in the county and technological growth is supported by a new fiber-based telecommunications infrastructure. Strong transit and transportations assist the local and regional economies while providing easy access to the 11 Western states and nearly 53 million people. Additionally, Clark County offers an exciting quality of life with countless entertainment outlets, cultural activities, and recreation including golf and outdoor opportunities with nearby Lake Mead, Red Rock and Mt. Charleston just to name a few.

Business Advantages

The incentives of doing business in Nevada are expansive. Nevada boasts one of the most liberal tax structures in the nation and from a tax-planning perspective, the return on investment in the form of tax saving dollars can be enormous.

Incentives

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Taxes

Sales Tax Rate

In Clark County, the sales tax rate is 8.100.

Property Tax Rate

In Clark County, the 2009-10 average county wide tax rate is 3.1849.

Calculating Real Property Taxes

The formula for calculating real property tax is as follows:

  • Taxable Value x .35 = Assessed Value
  • Assessed Value x Tax Rate = Total Real Property Tax

For more information, please see How Property Taxes are Calculated.

Calculating Personal Property Taxes

Using the Cost Conversion Factor tables in the Personal Property Manual, use the following formula to calculate the assessed value. The assessed value is the value on which taxes are calculated.

  • Actual Cost x Cost Index (for appropriate year) = Cost of Replacement
  • Cost of Replacement x Percent Good = Taxable Value
  • Taxable Value x .35 = Assessed Value
  • Assessed Value x Tax Rate = Total Personal Property Tax

Source: Nevada Department of Employment, Training and Rehabilitation (DETR). 

Demographics

Population

Year Population
2008 1,967,716
2007 1,954,319
2006 1,874,837
2005 1,796,380
2004 1,715,337

Source: Nevada State Demographer

Population within the Cities of Clark County

City Year Population City Year Population
Boulder City 2008 16,684 Henderson 2008 269,538
2007 15,863 2007 260,161
2006 15,478 2006 251,321
2005 15,203 2005 241,134
2004 15,058 2004 229,984
City Year Population City Year Population
Las Vegas 2008 593,528 Mesquite 2008 19,754
2007 590,321 2007 18,787
2006 579,840 2006 17,656
2005 569,838 2005 16,423
2004 549,571 2004 15,881
City Year Population
North Las Vegas 2008 214,661
2007 210,472
2006 198,516
2005 180,219
2004 164,971

Source: State of Nevada Demographer

Gender Composition

Year Est Population Male Female
# % # %
2007 1,836,333 934,467 50.9 901,866 49.1
2006 1,777,539 903,077 50.8 874,462 49.2
2005 1,691,213 856,865 50.7 834,348 49.3
2004 1,631,340 825,315 50.6 806,025 49.4
2003 1,557,174 787,523 50.6 769,651 49.4

Source: U.S. Census Bureau, American Community Survey

Labor

Employment

Year Labor Force Employment Unemployment Unemployment Rate (Local)
2009 987,998 922,878 119,502 11.9
2008 999,216 932,160 67,056 6.7
2007 964,510 918,046 46,464 4.8
2006 905,204 869,024 36,179 4.0
2005 865,128 830,865 34,263 4.0

Source: Nevada Department of Employment, Training and Rehabilitation (DETR). 

Job Growth Numbers

Year Number of Employed % Job Growth
2009 833,000 -7.4
2008 899,700 -2.9
2007 926,800 1.0
2006 917,300 5.2
2005 871,600 7.2

Source: Nevada Department of Employment, Training and Rehabilitation, Las Vegas-Paradise MSA.