The 2015 property tax comparison study is out from the Minnesota Center for Fiscal Excellence.
For the 2013 year the group placed us as having the 7th highest residential property tax rate of the 50 largest American cities.
The 2014 report put us as the 5th highest.
Hard work will get you to the top
The 2015 report shows us steadily deteriorating with a ranking of having the 3rd highest property tax rates for homestead homeowners among America’s largest cities.
In 2014 we wrote Hidden taxes and showed that the city was billing us another $116 million or so in “fees”, some of which used to be paid for with property taxes. Our real tax rate is even higher than what the report shows.
Continuing with the awful news, the 2015 report indicates that El Paso has the second highest industrial property tax rate for small facilities and the third highest for large ones.
How can we expect businesses to move here with a situation like this?
We deserve better