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Taxes, Taxes and more Taxes!

Taxes, Taxes and more Taxes!

Hello El Paso, welcome and thank you for watching. By now I’m sure you’ve noticed that a lot El Paso is going through a full on melt down mode over EPCAD’s inflated residential values. I’d like to explain why El Paso City Council’s approach is having a negative impact on native El Pasoan’s and why their actions are detrimental to the community we live in. This is a 2 part series so please watch next week to get a grasp on it’s entirety.

          One thing the National Association of Realtors does very well is meticulously track vital statistics and publish those findings for members to view. I pay close attention to these metrics, but it goes without saying some of the things I find are obvious, such as the 2 most vital industries in the Borderland. The Military industrial complex that includes outsourced and contracted civilian operations and the manufacturing & logistics sector. El Paso has a strategic advantage geographically due to its prime location as an international port. El Paso can do a lot better in the genre of nurturing these local industries.

          I want to highlight before we really get into it, that the national average for an effective property tax rate is 1.03%, and that El Paso is at a 3.12% if you live in EPISD’s jurisdiction, which is El Paso’s largest school district. El Paso’s tax rate is not only among the highest in Texas but one of the highest in the nation, rubbing shoulders with larger cities like San Francisco and New York. It’s obvious that the cities frivolous spending on community improvement projects, with the goal of generating income, has come up short time and time again. The Chihuahua stadium, Downtown Trolley’s, the habitual non-vetting of contracted third party vendors and getting scammed, not following through with the implementation of toll lanes and many other failure’s has our community questioning whether or not these are sound investments? Ok, maybe not questioning because the answers are obvious. I was trying to be optimistic. City council’s aspirations of mimicking larger city amenities come at the cost of hometown residents like you and myself. If you’d take just a moment, I’d like you to think about which demographs these improvements were really intended for and who they actually enrich. Was it their constituents? Many of the improvements were implemented in an effort to attract non-natives and tourists to the borderland, to generate more taxable income on the native El Pasoans’  dime. Don’t get me wrong, quality of life projects like community centers, libraries, running trails, waterparks and some much needed infrastructure has benefitted the community to an extent. But the larger, higher price tagged items have been epic in failure and un quantifiably miscalculated in terms of the revenue streams they’d create.

          This leads me to my second point, where I point out that the cities administration has dug you and I into a hole of debt and devastatingly miscalculated return on investment revenue streams. Now we’re left with the conundrum of, where do I get the money? Oh look, we have tax payers who can pay it. (Ha ha ha, Straight face). Bottom line is, our wallets are paying for their mistakes. Hence the annual tax increase the city follows religiously. The exception is this year where city council sought to decrease taxes, which I have an inclination to believe, is only because of backlash due to the exuberant values said taxes are being calculated against. Meaning the city is still going to collect more taxes than last, so they are satisfied, for now. I’d like to remind you, there are three things you can count on in life. That is change, death and El Paso City Council’s annual property tax increase. Now until we can reel in spending and bring in more business by focusing on the cites strengths, instead of trying to turn it into something it’s not, the problem isn’t going away. There are two ways the city can make money, that’s by not spending it, or by making more. Unfortunately for us, they’re taking the latter route.

Please make sure you tune in next week, where I’m going to explain why home values have been inflated and what you can do about it. I’ll also be talking about a new piece of legislation being introduced locally that will increase the impact of the home exemption and how you can help turn that into a reality.

If you’re going to walk away with one thing, please pay attention to what I’m about to say, you have until May 16th to contest property values with EPCAD, the El Paso Central Appraisal District, they’re located at 5801 Trowbridge near Basset. Hearings are going to begin on April the 11th so you have between now and then to prepare.  If you need any help doing that please don’t hesitate to shoot me an email or call me at 915-525-7556, I’m always available to help. Also, if you think this video will help any one you know feel free to share with them, like and subscribe.

Well El Paso it’s been a pleasure, thank you for reading, have a great one and I’ll see you next week!

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