This is the incremental assessed value of all parcels located within a specific redevelopment area as assessed by the Clark County Assessor. Increases in assessed property value can be attributed to the focused efforts, activities, and public/private investment within a designated redevelopment area. Higher assessed values are a positive indicator of improvements, neighborhood desirability, and a strong economy.
This is the incremental revenue received by the Agency from the Clark County Treasurer for all real property taxes collected from all properties owned in a specific redevelopment area. The Agency is solely reliant on tax increment revenue for operations and to reinvest in designated redevelopment areas to provide financial incentives to developers, residents, and visitors in an effort to increase property values and eliminate blight.
These are grant funds the Agency provides to business owners/operators, residents, and developers through various programs or project assistance, including Façade Improvement, Tenant Improvement, Residential Improvement, Signs, and other Developer Assistance. Redevelopment Agencies are one of the most important tools for a community to help breathe new life into areas in need of revitalization, economic development, and new opportunity. The Redevelopment Agency provides financial assistance, programming, and marketing as incentives for private investment, commercial and residential development, economic/job growth and sustainability, commercial and residential improvements, and diverse community amenities.