El Paso City Council Is Probably Going To Raise Your Property Taxes
Your property taxes are more than likely going to go up next year. El Paso City Council spent all day in meetings yesterday, and it looks like the hike will be about $30 on next year's tax bill on a $100,000 home. They've been talking about the proposed increase since earlier this summer.
El Paso City Council says they need to raise the tax rate because of the 2012 quality of life bonds that helped build, among other things, the ballpark, the firefighter referendum voters approved in May of this year that gave firefighters a raise and better health insurance, and because disabled and elderly people are now eligible for homestead exemptions that were approved 2011 and kick in in 2016.
Council is expected to vote on the increase later this summer, and will be holding public meetings beginning on Aug. 4 to let the public know more about the increase.