Our city council has raised our taxes again.
The Times explained it this way:
Because the average value of an El Paso home has increased, the average homeowner would pay about $95 more than last year.
The average value of an El Paso home this fiscal year is $129,915. With a $5,000 homestead exemption, the average homeowner would pay $1,053 next year.
Last year, the average home value was $124,299, and the tax rate was about 80 cents per $100 of property valuation. So, with the $5,000 homestead exemption, the average city property tax bill was about $958.
If last year the average was $958 and this year it is $1,053 that comes to a 10% increase.
Let’s not forget that they also added $3 per month to our garbage bills in the form of a franchise fee. That comes to another $36.00 per year.
As a result that average homeowner will have a 13.9 percent increase in the amount they pay to the city.
We deserve better