ExecutiveMessage
Contact : ted @ snappypublishing . com
4 BuildersOutlook 2024Issue10
ExecutiveMessage
Ray Adauto
Executive Vice President El Paso Association of Builders
All politics are local , hit home
The focus on national elections often overshadows local races , yet local elections can have a more immediate impact on our daily lives . Many voters pay little attention to the candidates or , even worse , the policies being proposed .
I frequently receive questions about home sales — both new and resale . There ’ s a common misconception that mortgage costs are solely based on the home ’ s purchase price , overlooking crucial components tied to that investment . Many buyers are surprised to find that taxes and insurance significantly affect their monthly payments , sometimes leading to shock when they realize they don ’ t qualify due to high costs . This is concerning , but why the surprise ?
Let ’ s take a closer look at property taxes . El Paso has one of the highest property tax rates in the state , and there are several factors at play . The demand for essential services — like safety and education — alongside rising utility costs , contributes to this burden . For example , in the 79925 area ( Airport Cielo Vista ), the breakdown of property tax distribution is as follows , according to KFOX TV : El Paso Community College receives 5 %, the County of El Paso gets 23 %, the City of El Paso claims 29 %, and the El Paso Independent School District takes a significant 43 % of your tax dollars .
I highlight the school district tax to illustrate the overall property tax landscape in El Paso County , excluding the Hospital District and other obligations . It ’ s crucial to understand that your vote directly influences your paycheck and quality of life . Each time you vote , you ’ re contributing to the tax framework — often without fully grasping what you ’ re supporting .
It ’ s time to scrutinize the ballot in El Paso and consider the costs involved . Vote your conscience , but remember : your vote has real consequences . www • elpasobuilders • com
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