EL PASO, Texas (KTSM) – Preliminary real estate appraisals are underway and are consistent with early projections made by the El Paso Central Appraisal District.
Dinah Kilgore, executive director of EPCAD, said local tax entities received preliminary assessments on Friday giving a snapshot of the revenue they can expect to see during the budget season. This year is a year of reassessment and the average assessed value of homes is expected to be around $ 150,280 after the protests were finalized in July.
âThey can mark on their protest that they want a formal hearing over the phone,â Kilgore said. “And then what happens is they have a formal hearing with the Appraisal Review Board.”
Homeowners began receiving assessment notices earlier this month, raising concerns about how tax bills would look at year-end.
Kilgore says there is still time for owners and commercial property owners to protest appraisals if people are not happy with the appraised value of their buildings. The deadline is May 17 or the 30th day following receipt of notices.
At this time, appraisers are not making home visits due to health and safety measures related to the global pandemic, but residents can object to their properties in person or virtually.
The tax code allows members of the public to phone in to protest, but evidence and documents must be submitted before appointments.
Kilgore has been the Assessment District Executive Director since 2010 and prior to that he worked in the Assessment District.