El Paso City Council introduced a tax rate proposal for fiscal year 2025
EL PASO, Texas (KVIA) -- El Paso City Council held a special meeting August 1st to discuss a proposed property tax rate.
Representatives unanimously passed a motion to decrease the tax rate, but will have two more hearings to make it official.
Despite the lower tax rate, the average homeowner will owe the same amount in taxes, due to the rising value of many homes in El Paso.
If the city council makes it official when they meet August 20th, the new rate would take effect September 1.
Mayor Oscar Leeser says the community has been making this request and this would be the second year adopting the “no-new revenue tax rate."
