Your school tax bill and the homebuyer fund
El Paso ISD adopted a rate of $1.0745 per $100 of valuation. On a home of average taxable value in the district, the school portion runs about $1,294 this year, up from $1,180, roughly $114 more. If you are under 65, your home is valued above $200,000, and your valuation rose, plan on an increase. More than 20,000 owner occupied homes there owe nothing at all, because their exemptions exceed their taxable value. Confirm your homestead exemption is on file, and know that at 65 you get another $60,000 off and your school bill cannot be raised after that.
Separately, the city wants to move $2.5 million of HOME money out of first time homebuyer assistance, the kind that covers down payment and closing costs, and into developing affordable rentals. Overall funding stays the same, but buyers would lose that door. If you were counting on it, written comments go to DCHDFacilities@elpasotexas.gov until 5 p.m. Thursday, Oct. 1, or call 915-212-0138. Either way, let's rework your cash to close this month so your plans do not hinge on it.
In the local news
- EPISD adopts new tax rate, but more than 20,000 homeowners will pay nothing
The district's newly adopted rate raises the bill on an average home, while more than 20,000 owner occupied homes owe no school tax at all because their exemptions cover the full taxable value.
El Paso Matters
- UTEP, EPCC enrollment grows; county breaks ground on $27 million medical examiner facility
The city may redirect HOME dollars from first time buyer assistance into affordable rental development, with written public comment open. Also inside: enrollment gains and a $27 million medical examiner facility groundbreaking.
El Paso Matters
