El Paso Texas Property Taxes Explained

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This video is all about property taxes in El Paso Texas. A number of relocating buyers have reached out to me with questions about property taxes here in El Paso. This LENGTHY video will help you get a clear picture of the property tax situation in El Paso.
Please visit www.penaelpaso.com to learn more about real estate and wellness in El Paso Texas.
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🔥 John Peña and Alejandro Sosa are real estate agents in El Paso Texas. Whether you are buying or selling a home, it is our top priority to go above and beyond for you! If you are selling your home, we can sell your home for top dollar! If you are relocating to the El Paso area, we can help with all of your moving and home-buying tasks.
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Опубликовано:

5 мар 2021

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Комментарии : 50

@andremccoy3954 2 года назад

That was absolutely super informative! Great job John.

@Shadowfoxwitch Год назад

Thank you so much for this video. That website was invaluable- I am purchasing out there and someone was trying to tell me my taxes would be way higher based on area and told me to go to a different area but after evaluation that was proven untrue and the recommended area would be more!

@jarednadermann9474 2 года назад

Very informative

@ScubaSteve119 3 года назад

Thank you for this very informative video. We are relocating to El Paso and this video gave us a better understanding of the property taxes we will be paying and who they are going too. In regard to fair market value and appraisals. With the housing market booming right now, and home prices significantly higher then they were a year ago, are appraisals equaling the house prices, especially with the bidding wars driving up the prices.

@javierpolendok5mhc 2 года назад

Move to Santa Teresa NM. Less property taxes and better homes

@diegomontoya8889 3 года назад

That's crazy. I did not know that... So, a $400,000 house has a tax bill of $1,000 a month...? Damn.

@samoliver9085 2 года назад

it depends where you live in El Paso. I lived in The Ridges and we paid 3.4% of our assessed value which was $340,000 and I paid $11,560 that year for that house. If your house was $400 K than even more. It depends where you live in El Paso. So do the home work first.

@ajaime9372 3 года назад

I pay close to $4k a year for property taxes and they keep going up every year. I, like many other people I know are considering moving to New Mexico! Important to know before you make the move.

@LivingInElPasoTexas 3 года назад

Let me know if you want to sell your house...great time to sell!

@ajaime9372 3 года назад

@@LivingInElPasoTexas I hear there's another big increase in taxes rolling out this year. I have a small house, if I end up paying $5k a year in taxes, I will be calling you! Thanks!!

@LivingInElPasoTexas 3 года назад

@@ajaime9372 I hope it doesn't come to that sir, I'm sure El Paso would miss you!

@rafaelmariscal9170 2 года назад

What is the maximum amount percentage wise that property taxes can increase by on a yearly basis? I've heard it's 10% and if that's the case then potentially in 5 years property taxes could be 50% higher than current levels. That's as much as the mortgage payment for a lot of homeowners.

@julionorman8422 3 года назад

Thakks for the info. Very helpful in understanding. The music was very annoying .

@javierpolendok5mhc 2 года назад

My property tax went up more than 50% and there’s nothing to show for. Explain that please.

@1drummer172 3 года назад

Very valuable information; thank you John!

@Mgonza2182 3 года назад

Good video man but that music in the background is terrible.

@Blessednesting 2 месяца назад

Do you have an updated recent video on this?

@noteem5726 3 года назад

Exemptions 21:00

@MG-sg2ci 2 года назад

Thank you very much. You just saved me some money.

@elosogonzalez8739 2 года назад

Living in El Paso is getting more expensive all the time. 3% sales tax per year is steep. Migbt have moved our target area North of Anthony! If I want to be overtaxed I could move to California. Now thankfully, we can be overtaxed in El Paso too. This might just effect future home sales in E.P.

@joverd5162 2 года назад

My tax is higher than my payment for the house principal

@javierespinoza8926 3 года назад

I was planning to buy a home in Texas but looking to all those properties taxes compared with California the Bay Area 🤔

@ll7165 3 года назад

There is no income tax. Cost of living is cheap. The city is currently working to diversify the tax base. For example the amenities being developed is to bring tourist dollars.

@adamoliver4094 2 года назад

I live in the Bay Area. My property taxes are more than $1000 per month. My state income taxes are significantly more than that per month. My house is not as nice as one you could get for $400k in El Paso despite costing about 3x that.

@adamoliver4094 2 года назад

@@patrisio3 True. But the point of my statement was that there is more to consider than just the property tax percentage. If the homes cost 3x as much, you still end paying the high property taxes despite having lower taxes on a percentage basis. Plus you have a 12.3 percent marginal state income tax.

@user-wl8ig5ee2q Год назад

Explain how they play around with Property Taxes.

@dh2392 2 года назад

I'm nearing retirement and am considering El Paso for the sun, and cheaper cost of living. However, I'm also looking at Tucson, Arizona and even though Tucson has a higher cost of living index, my property taxes would be considerably less in Tucson.

@LivingInElPasoTexas 2 года назад

True, it's a tradeoff. Have you visited both El Paso and Tucson to see which one you like better?

@dh2392 2 года назад

@@LivingInElPasoTexas I've only been to Tucson, and I did like it.

@mattmf01 2 года назад

Do you pay Texas state property tax as well?

@leonelcadet3833 2 года назад

This is what they should teach in school.

@legacyvalley Год назад

So a $350,000 house will have a $10,000 a year tax debt?

@samoliver9085 2 года назад

I loved the area. but Property Taxes there will kill you, it depends where you live in El Paso. I lived in The Ridges and I paid 3.4% of our assessed value which was $340,000 and I paid $11,560 that year for that house. If your house was $400 K than even more. It depends where you live in El Paso. So do the home work first. I could not afford to retire there. I had to sell and move back to Michigan where the taxes are 30% of the Taxes in El Paso. Been looking at moving to the Padres. Just looking.

@jenjenjoo1298 2 года назад

How is the home insurance?

@LivingInElPasoTexas 2 года назад

Hello Jen, Home insurance is pretty affordable due to the fact that we have no blizzards, hurricanes, tornadoes or floods here! Thank you for the comment.

@chinozapata3695 2 года назад

Minimum wage in El Paso Texas at $7:25 :For retirees with time you'll be taxed out of your own property??? Up up & up☝ ( fixed income)💲🙈💲100K 3000$ a yr $250 mo.Taxes