Some of the other local blogs have been talking about El Paso having the second highest tax rate among the 50 largest cities in the United States.
Below is the bottom part of a chart found on page 69 of the June 2019, 50 State Property Tax Comparison Study for taxes paid in 2018:
Yes for median value homes without assessment limits we have the highest (that means that we are number 1) property tax rate among the 50 largest cities in the United States.
Note that our rate of 2.64% is more than twice the national average
City staff is recommending that council add another 4 cents to the rate this year.
It seems that they are also recommending that council call a bond election that if passed would add another 15 cents to the rate.
We deserve better
Plus nearly a billion in additional bond debt if the Nov bond passes…and if you look at what the news channels are saying about what the tax increase pays for and add up the numbers there is a lot more than the $7 million shortfall they claim to need to make up. Totally fuzzy math again and an admission that the make us a tourist destination strategy is already failing (and will continue to fail as long as we have I-10 Disconnect and an OpenBorders freeforall going on.
Actually the tax rate is much higher when you factor in the tax burden that has been shifted to utility bills by increasing fees and upping franchise fees to pay for useless departments like “economic development”.
I am hearing they plan to raise the trash fee again, which like last time, is being used to pay the bills in other departments rather than the actual trash service.
With the increases in the water and trash bill some pay over $80 minimum a month without ever opening the faucet.
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The worst news for retirees is that we can’t really afford to sell up and move out. The reality is that, despite our high tax rate, our property values remain pretty low, so even if we could realize a tiny profit on the sale of our home, we still could not afford to buy an equivalent one anywhere else we might want to move.
It depends on where you want to go. In California, no. In many other states, you can get an equivalent house for the same money.