MGM Mirage (MGM: 10.22 +6.79%) with the highest exposure in Nevada led the list of Clark County’s largest taxpayers after assessments were released by the county assessor’s office.

With gaming properties countywide appraised at $16.3 billion, MGM’s casinos increased in value by 4% from the $15.7 billion appraised in 2009.

The $16.3 billion appraisal including land and buildings only, not the property inside, equates to an assessed value of $5.5 billion.

With property values diminishing from the poor state of the economy, MGM was one of the few businesses in the county to be increased primarily because of the completion of the $8.5 billion City Center with a casino, hotels and condominiums included in the tax roll.

In comparison other rival casino operators on the Las Vegas Strip lost value. Las Vegas Sands dropped to $1.9 billion this year from $2.6 billion last year and Wynn Resorts fell to $1.6 billion from $2.7 billion.

Join the forum discussion of this news story - (1) Posts

Related posts:

  1. MGM Mirage Relying Heavily On City Center
  2. IGT Wins Dispute over Property Tax Value
  3. Pinnacle Entertainment (PNK) List A.C. Property
  4. MGM Mirage, A Leader in Sustainable Urban Development
  5. Boyd Stock Holds Steady As Investors Wait Q4 Results