Budget for El Paso County Appraisal District

Budget for El Paso County Appraisal District

The EPCAD budget is essential for ensuring accurate property assessments and efficient tax collection, benefiting property owners and local governance. The 2023/2024 budget reflects increased funding for salaries, operating expenses, and professional services to keep up with rising property valuations and administrative requirements. EPCAD is funded entirely by the participating taxing entities within the county, ensuring proper resource allocation for real estate assessment.

Bexar County Central District
Bexar County Central District

2024 Budget Insights: Key Changes and Trends

  • The 2023/2024 budget reflects an 11.09% increase over the previous year, showing significant financial growth.
  • Salaries and wages increased by 8.71%, with additional funds allocated for step adjustments, merit pay, and market adjustments.
  • EPCAD increased its contingency fund by 12.47% and raised operating expenses by 12.47%, indicating growing administrative needs.

The 2024 EPCAD budget saw significant shifts in allocations, with notable increases in some areas and decreases in others.

El Paso County Property Values and Revenue Growth

El Paso County’s real estate market has experienced steady growth, driving higher tax revenues and impacting budget allocations. Rising property values contribute to increased funding for essential county services.

  • Property values in El Paso County have continued to rise, supporting higher tax revenues and influencing budget allocations.
  • The total market value of properties appraised by EPCAD rose from $82.78 billion in 2023 to $91.72 billion in 2024, reflecting a healthy real estate market.
  • EPCAD’s budget is funded by tax levies, with major contributions from El Paso ISD (16.57%), the City of El Paso (25.25%), and the County of El Paso (15.49%).
Bexar County Central District
Bexar County Central District

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