EL PASO, Texas (KFOX14/CBS4) — City officials in El Paso have proposed maintaining the current tax rate, but a projected increase in average property values could lead to higher property taxes for residents next year.
The average home value is expected to rise from $209,000 to $223,000, resulting in an average property tax bill increase from $1,597 to $1,701, an additional $104 annually or $9 per month.
City Council Member Art Fierro explained the dilemma faced by the council…