In How not to try to attract industry we pointed out that El Paso had the highest industrial tax rate among the 50 largest cities in the United States for the 2018 tax year.
According to the report we were citing El Paso also had the highest residential tax rate on homesteaded median value homes in areas where there were assessment limits.
Median value evidently meant less than $150,000. That means that we taxed the people living in lower value homes proportionately more than anyone else.
For homes valued between $150,000 and $300,000 El Paso’s tax rate was the second highest among the 50 largest cities.
People that manage businesses that are considering a move to El Paso probably fall into the higher home value range.
We offer them the opportunity to be like many El Pasoans and pay the second highest rate shown.
Is it any wonder that people are leaving town and that we don’t attract companies?
We deserve better