The artificial intelligence data center that Meta Platforms Inc. is spending $10 billion to develop in Northeast El Paso will be the city’s biggest property taxpayer when the campus is fully built.
The city of El Paso estimates Meta’s data center will pay around $15 million a year in city property taxes alone – not including what it may pay to other taxing entities. El Paso Electric is currently the city government’s biggest taxpayer, paying about $4 million last year, according to Robert Cortinas, the city’s chief financial officer and deputy city manager.
“We’re talking about a large influx of property tax dollars in the very near future,” Cortinas told El Paso Matters…