Office of Management & Budget

Tax & Budget

In accordance with Sec. 26.05 of the Texas Tax Code, the City of El Paso provides the following Tax Rate and Budget information:

CITY OF EL PASO PROPOSED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE.

THE TAX RATE WILL EFFECTIVELY BE RAISED BY 0.82 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $-22.86.

THIS YEAR’S PROPOSED TAX RATE DOES NOT EXCEED THE NO-NEW REVENUE TAX RATE.

Notice of Tax Rates
Notice of Meeting to Vote on the Tax Rate
Tax Calculation Worksheets
Budget Public Hearing Notice
Mass Transit Budget Public Hearing Notice

Budget in Summary

The data table below shows different fiscal years and the budget/tax rate information. A description of each is as follows:

  • General Fund Budget Comparison: a general overview/summary of each year's budget
  • Property Tax Revenue Budgeted For Maintenance & Operations: Money spent of maintenance and operations for each fiscal year, more details can be seen in the budget books
  • Property Tax Revenue Budgeted For Debt Service: current debt obligations, meaning any interest, principal, sinking fund, and lease payments that are due in the coming year

 

FY 2019 Adopted FY 2020 Adopted FY 2021 Adopted FY 2022 Adopted FY 2023 Adopted FY 2024 Proposed
General Fund Budget Comparison $428,587,800 $457,944,931 $441,985,321 $476,230,863 $512,751,272 $559,726,957
Property Tax Revenue Budgeted For Maintenance & Operations $193,554,893 $213,883,503 $226,894,834 $235,929,354 $250,880,449 $255,903,145
Property Tax Revenue Budgeted For Debt Service $99,433,545 $104,672,446 $102,290,938 $107,532,192 $117,092,782 $120,879,900

Property Tax Rate Comparison

  2023-2024
Proposed
2022-2023 2021-2022  2020-2021 2019-2020
Property Tax Rate: $0.818875/100 $0.862398/100 $0.907301/100  $0.907301/100    $0.907301/100
No new revenue tax rate:  $0.818875/100 $0.823058/100 $0.870490/100  $0.902107/100    $0.855093/100
No new revenue Maintenance & Operations Tax Rate: $0.557854/100 $0.566621/100 $0.602776/100  $0.608543/100   $0.564944/100
Voter Approval Rate: $0.843259/100  $0.871813/100  $0.909538/100  $0.913296/100   $0.907301/100
Debt Rate: $0.256466/100 $0.277129/100 $0.285665/100  $0.283454/100   $0.297162/100