Possible Property Tax Increase Coming Soon
POSTED: Monday, August 8, 2011 - 5:05pm
UPDATED: Monday, August 8, 2011 - 5:50pm
EL PASO- You could see a property tax increase next year, but county commissioners claim they’re trying to avoid it.
Commissioners have until September 30th to decide whether to raise the current property tax by 1 percent.
The current tax rate is a little more than 36 cents per $100 of your property's value.
But good news from the county's tax office, they tell us property values have risen, so if the county doesn't take any action, the rates will drop a little.
"I don't think it’s necessary to consider any tax increase, our coffers are healthy again and now we just have to be smart about how we start spending,” says County Commissioner Anna Perez.
County commissioners would have to hold two public meetings if they decide to raise property taxes.