The City of El Paso has proposed a reduction in its property tax rate for fiscal year 2026, setting it at $0.759649 per $100 of assessed property value. If approved, it would be the city’s lowest rate in over a decade.
Despite the proposed cut, some homeowners may still see higher property tax bills due to rising home valuations. According to figures certified in July, the average taxable value of a home in El Paso increased from $209,718 to $221,191. As a result, the average homeowner could face an estimated annual increase of $83, or about $7 per month, even with the lower rate.
The city’s proposed budget for fiscal year 2026 totals nearly $1.4 billion, with $625.7 million allocated to the General Fund, which is primarily funded by property taxes.
Budget Highlights
The budget proposal incorporates public feedback collected through surveys and community meetings held during the spring and summer of 2025.
