After seeing that El Paso had the third highest residential property tax rate of America’s 50 largest cities in 2015, we set off to find out what it would take to get to number two or even to number one, the highest.
Milwaukee Wisconsin had the second highest rate in 2015 at 2.675%. El Paso was third at 2.640%.
That means that our tax rate only needs to go up three and one-half hundredths of a percent to tie with Milwaukee.
Milwaukee’s rate went down in 2015 from it’s 2014 rate. El Paso’s went up.
The Ysleta school district is in the process of selling $430 million that their voters authorized.
It appears that the El Paso school district is going to ask for permission to sell around $400 million of bonds.
The city is selling certificates of obligation and bonds.
Don’t be surprised if the 2016 numbers put El Paso in second place with the second highest residential property tax rate among America’s 50 largest cities.
Can we be first?
We would have to beat Detroit at 3.809%.
Who knows? Our politicians are talented that way.
We deserve better