El Paso Homeowners Face $105 Tax Increase in Proposed City Budget

El Paso homeowners may see an increase of approximately $105 in city property taxes next year, as the City Council discusses the preliminary budget. The proposed tax rate is set at 78.3 cents per $100 property valuation, affecting the average home valued at $233,549, which would incur a tax of $1,785. This marks a 6.3% increase from this year's average tax bill of $1,680. The budget process began early this year to enhance community engagement and transparency, with key dates for public input and workshops scheduled from June to August. The overall budget is projected at $1.4 billion, with a focus on public safety and infrastructure improvements.

Key Details: • Preliminary tax rate: 78.3 cents per $100 property valuation. • Average home value: $233,549; projected tax bill: $1,785. • Community presentations: June 1-11; Budget workshops: June 22-23. • Proposed budget filing date: July 17; Final budget adoption: August 18.