El Paso homeowners starting to receive 2024 home evaluations
UPDATE - ABC-7 sat down with the Deputy Chief Appraiser, David Stone, from the El Paso Central Appraisal District to discuss the home valuations El Pasoans are receiving in the mail.
Stone said house values are rising in El Paso, and the price that houses sold for in 2023 were up 10.3% compared to 2022.
More than 40,000 people protested their homes valuation last year, and Stone told ABC-7 he expects that number to rise in 2024.
Stone said that taking a look at the houses in your neighborhood may not always help you compare a home's value.
"I don't know how many times I've heard people say, well, my neighbor across the street house is $50,000 cheaper than mine, and then when you and they're exactly the same, but when you look it up, the square footage is different, or somebody's got a pool and somebody doesn't," he said.
The Central Appraisal District will begin hearing protest hearings next week, when El Paso home owners can submit their evidence to see if the valuation is higher than it should be.
The higher a home's valuation, the more an El Pasoan could pay in their property tax. The tax rate is not decided by the Central Appraisal District, but by local tax entities.
One woman told ABC-7 she's protested her homes valuation more than once, but has not been successful. "Every time I come, I never win," she said.
East El Paso homeowner Annette Murguia told ABC-7 she has successfully protested her home's value, and had a good experience with the process. "It was a pleasant experience, I must say. They did listen to me and I provided documentation," said Murguia.
According to El Paso CAD, El Pasoans may have specific exemptions on their valuations, including Homestead if it's the home you live in. There's also exemptions for people with disabilities, those above the age of 65 and various others.
EL PASO, Texas (KVIA) -- The El Paso Central Appraisal District or El Paso CAD has begun mailing local home owners their 2024 home evaluations.
According to CAD, the deadline to submit a protest on a home evaluation is May 15th, or 30 days after you receive your home evaluation.
Once a protest is filed and scheduled, they can be held in-person, over the phone or through a video call.
Information directly from El Paso CAD can be found at the organization's website, linked here. The information includes details on what files homeowners can use as part of their protest. How the hearing and appeals process work, and important dates in the process of protesting your latest valuation.
