Another fascinating chart provided by Channel 8 News in their Desert Underwater Series:
- Clark County Property Tax Revenue
You can view their Interactive Chart with the story that goes along with it by clicking here.
With all of the gloom and doom news about being out of money and having to slash budgets including education budgets and layoffs, you would think that Property Tax Revenue would be back in the 1990′s levels.
But as you can tell by going to the interactive chart… you’ll see that the Clark County projected property tax revenue for 2011 at $274.1 Million is actually higher then back in 2006 which collected $266.4 million. With Las Vegas home values back in the 1990 levels, the obvious reason why property tax revenue is greater today then 2006 is because of all the properties that were added. North Las Vegas is an interesting story with all of the news the city is facing another year of huge deficit numbers .
Gee… all of the Government budgets seemed to be just fine in 2006 when the Las Vegas economy was running on overdrive. Reminds me of a bumper sticker my Uncle used to have on the back of one of his work trucks:
Dear God, please let there be another oil boom, I promise not to piss it all away this time.
I know a lot of real estate agents and small business owners in Las Vegas that feel the same way about the real estate boom. If only they were so lucky to have their revenue equal to 2004….
Just some thoughts on another great chart that makes you go Hmmmm…
Paul Francis
Prudential Americana Group, REALTORS
Las Vegas Real Estate
702.592.3058
