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File #: 21-461    Version: 1 Name:
Type: Operational Focus Updates Status: Agenda Ready
File created: 4/14/2021 In control: City Council Work Session
On agenda: 4/26/2021 Final action:
Title: Discussion and presentation by the El Paso Central Appraisal District about the process by which property values are assessed as mandated by state law and about the reasons for the reported approximate average residential property value increase of 13% from 2020 to 2021; and discussion about the fiscal options that the Council has available in order to potentially offset the impact of higher property values during the period of economic hardship and recovery created by the COVID-19 pandemic, including but not limited to potential consideration of the no new revenue tax rate or potential use of the City's Budget Stabilization Fund.
Attachments: 1. 04262105, 2. 5
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CITY OF EL PASO, TEXAS

LEGISTAR AGENDA ITEM SUMMARY FORM

 

 

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Members of the City Council, Representative Cissy Lizarraga, (915) 212-0008

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Title

Discussion and presentation by the El Paso Central Appraisal District about the process by which property values are assessed as mandated by state law and about the reasons for the reported approximate average residential property value increase of 13% from 2020 to 2021; and discussion about the fiscal options that the Council has available in order to potentially offset the impact of higher property values during the period of economic hardship and recovery created by the COVID-19 pandemic, including but not limited to potential consideration of the no new revenue tax rate or potential use of the City’s Budget Stabilization Fund.

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