Living in Nevada certainly has its benefits, and Henderson - the state's second most populous city behind Las Vegas - is prime for hiking, biking and horseback riding. Henderson has over 80 miles of trails, varying from beginner to advanced, and the city as a whole is prime for lively lifestyles, earning it a 5 out of 6 score on Trulia's activity rankings. The city also has some advantageous tax benefits for residents, as outlined on their official website. First, Nevada has no state income tax, which is a big benefit for small businesses. Residents are not required to pay personal income, corporate, inheritance, estate, and/or gift tax. Additionally, property taxes are fairly low in Nevada. Since 2005, Bill 489 provides a 3 percent tax cap on primary residences. Investment properties, defined as not owner occupied, which include land, commercial buildings, business properties and aircrafts, are taxed at an 8 percent cap.
Henderson home prices rose 8.2 percent year-over-year in 2015, reaching an average list price of $373,831 from a previous $345,490. Similarly, number of homes for sale on the market increased annually by 4.65 percent. Inventory in 2014 hit 1,785 homes for sale, which extended to 1,868 in 2015, allowing buyers a larger scope of the market in their Henderson home searches.