‘I was in shock’: Higher property values means higher taxes for El Paso County homeowners

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If you experienced sticker shock when you received your real property notice of valuation from the El Paso County Assessor’s office, you’re not alone. Many residents of El Paso County are shocked by one of the sharpest property value increases in recent history. It’s the first time in 14 years, that the county has experienced such a hike which means larger tax bills for residents.

City of El Paso addresses why property tax rate continues to remain high. But, the city says many of the properties in El Paso are given lower values than what they are actually worth by the CAD. So the tax rate is higher than in other cities because the low-valued properties aren’t producing the tax revenue they should be.

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However, the average home value in El Paso County is significantly lower than the U.S. average, which means county residents in fact pay higher property tax rates than most Americans." From tax-rates.org: El Paso County has one of the highest median property taxes in the United States.

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King County property taxes rising between 9 and 31% – depending on your city. the 2018 property tax bills will be 17 percent higher on average than last year’s – due in large part to a.

The El Paso County assessor said most property values went up 20-25 percent, meaning homeowners will be paying higher property taxes in the future. 83f scattered clouds 91 57

El Paso county home values have gone up 7.0% over the past year and Zillow predicts they will rise 3.6% within the next year. The median list price per square foot in El Paso County is $277, which is higher than the colorado springs metro average of $274.