Appraiser's Report, Part 1
|Area and City Data|
The Greater Las Vegas area is located in Clark County, Nevada. While the land area within Clark County is approximately 7,927 square miles, there are only approximately 18,000 acres of the entire area that are under cultivation.
The population of the area is concentrated in the Greater Las Vegas Valley, which is in the central portion of the County. The valley contains approximately 480 square miles of near level to gently undulating terrain and is approximately 2,016 feet above sea level. The climate of the valley is semiarid with 3.9 inches of annual rainfall, an average temperature of 65.8°, with the average temperature of the hottest month, July, being 89.7° and the average temperature of the coldest month, January, being 43.1°.
Las Vegas was incorporated in 1911 with a small population. It was not until the Hoover Dam project was started and inexpensive power and land began attracting industry that Las Vegas started to grow. It was near this time that the resort industry also began.
economic base of the Las Vegas area consists of tourist industry, service industry, ,military
bases, Nevada Test Site, governmental and municipal agencies,
and mining and manufacturing. The heaviest emphasis is on the tourist
industry. Within the tourist industry are approximately 290
labor force of Clark County for 1974 was 154,300 people with
an unemployment rate of 9.7% as compared to a labor
estimated bank debits for the year 1974 was $12,581,321,000.00 as compared
to 1970 bank debits of $6,734,913,000.00 for an increase of
87% more or less.
During 1974, total construction permits were $200,877,978.00, down from $33l,936,356.00 for 1973. The primary reasons for this decrease was lack of construction financing, labor strikes and unacceptable long-term interest rates. With Las Vegas’ rapidly expanding economic base, it is forecast that this reduction is temporary and will be overcome as inventories are depleted and more acceptable financing becomes available.
Water is supplied by the Las Vegas Valley Water District, electricity by the Nevada Power Company, natural gas by the Southwest Gas Company and the California-Pacific Utilities Company, and sewer is a municipally owned facility with a daily capacity of 30,000,000 gallons. The service is adequate and dependable and the rates are comparable to or below those in the adjoining western states.
1970 census indicated Clark County population to be
Vegas has excellent transportation connections with all parts
of the nation. It is served by 4 major highways which connect
the city with such metropolitan areas as Los Angeles, California
(289 miles to the west); Phoenix, Arizona (291 miles to the
southeast); and Reno, Nevada (448 miles to the northwest).
service includes Greyhound, Continental Trailways, LTR Stage
Lines, Sun Valley, Las Vegas Transit, and Transportation Unlimited.
Greyhound and Sun Valley bus lines
service is furnished by Air West, Delta, Frontier, National,
TWA, United and Western. Commuter lines include Apache, Mustang,
CalState, Scenic and TransNevada. The total air passenger movement
in 1974 was 5,944,433, an increase of
is furnished by the Union Pacific Railroad, which is freight
the City is served by 2 bus lines, over 500 taxis (including
limousines and tour vehicles), plus 4 major car rental agencies.
are 67 elementary schools, 15 junior high schools,
addition, the University of Nevada,
Las Vegas is staffed
by a faculty of 325 instructors and attended by over 7,000 students. Clark County schools are of an excellent
quality with an education level above the national average.
addition to the hotels and motels described above, there are
8 modern hospitals, 150 churches representing 35 denominations,
6 banks, with a total of 46 branch offices, 3 newspapers,
special facility is the Las Vegas Convention Center, having
a seating capacity of 8,500 persons, 40 multi-purpose meeting
rooms and 515,000 square feet of exhibition space. In 1972,
is located approximately 35 miles southeast of the Mt. Charleston
ski and recreation area, 25 miles northeast of Red Rock summer
recreation area and 45 miles northwest of the Lake Mead recreation
area. In addition, there are, within driving distance, the Valley
of Fire, Zion and Death Valley National Parks. All recreational
areas are used on a year-round basis and offer a variety of State-supervised facilities.
has no personal income, inheritance, State or gift, or taxes
on intangibles. Property taxes are limited by the State Constitution
to $5.00 per $100.00 of assessed valuation. The assessed valuation
is limited to 35% of the market value. State sales tax is 3.5%.
County operates as an independent political entity and is administered
by a County Manager who is supervised by a
The general Las Vegas area has grown at an extremely rapid rate and should continue to do so in the foreseeable future. However, public services have been maintained at a level to adequately serve the population. Area forecasts indicate that Las Vegas’ population could reach 600,00 without experiencing any major problems of furnishing utility service. General land supply is adequate to allow Las Vegas to grow at a healthy rate for some time to come. Present plans show that the growth of tourism at its existing rate indicated to continue into the foreseeable future. Naturally, this growth would support the growth of professional and service industries at a similar rate.
short, the Greater Las Vegas economy appears to be in a healthy
state with an assured but controlled growth.
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Last modified Wednesday, 02-Dec-2009 11:32:10 PST