NPT City: Bad property valuation? It’s not our fault!
News release from the city of El Paso:
City Assists in Clarifying Property Valuation Information
El Paso, Texas – May 7, 2009 – The Central Appraisal District recently sent out property valuations to property owners in El Paso County. These are not tax bills. Property values are set by the El Paso Central Appraisal District which is required by the State of Texas to set values as close to 100% of market value as possible. If a property owner disagrees with the value assigned to their property, their recourse is to file a protest with the El Paso Central Appraisal District. It is the only political entity with authority to adjust property values.
The El Paso City Council has no authority to establish the value of any property in the city – neither do any of the other El Paso County Taxing Entities.
Please note that on these property valuation notices that the taxes indicated represent an estimate only, as required by State law. Actual tax rates have not yet been adopted. Once each of the El Paso County Taxing Entities sets a tax rate for the coming fiscal year – this will begin the process of calculating actual property taxes owed. Actual property tax bills will go out in October.