Dear Media,
The Lincoln Institute of Land Policy and Minnesota Center for Fiscal Excellence have just come out with their annual report comparing the property tax rates of American cities. Hat tip to El Chuqueno. Here are the results:
Among the 50 largest cities in America, El Paso has the second highest homestead tax rate, just behind Detroit (p. 67). But whereas the difference in tax rate between Detroit and El Paso was 0.304% in 2019, in 2020 it narrowed to 0.157%. That is because Detroit’s tax rate declined while El Paso’s increased.
Are we going to surpass Detroit in 2021 and reach the number 1 position?
In fact, for median valued homes with assessment limits, we already have the number 1 highest tax rate in the US among the 50 largest cities (p. 69).
Meanwhile, our commercial tax rate for properties valued at $1M went from the 9th position in 2019 to the 8th position in 2020 (p. 79).
How much more of this financial tyranny are El Paso taxpayers going to take?
When will our media report these figures?
Enjoy your evening.
Max