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CAD REFORM

CAD REFORM. Richard Dayoub, President and CEO Greater El Paso Chamber of Commerce. The Issue. El Paso’s process for assessing property taxes and its valuation system present obstacles to the city’s current stability and future development

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CAD REFORM

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  1. CAD REFORM Richard Dayoub, President and CEO Greater El Paso Chamber of Commerce

  2. The Issue • El Paso’s process for assessing property taxes and its valuation system present obstacles to the city’s current stability and future development • Recognizing its own lack of authority, the GEPCC seeks to begin the conversation about steps to improve the CAD’s function • Possible remedies include local and state action

  3. CAD Inefficiencies • Reform needed on multiple fronts • CAD Board issues: Appointment of elected officials, lack of continuity and expertise, insufficient training, lack of accountability, potential conflicts of interest • ARB issues: Appointees lack expertise, lack of continuity, no merit-based standards for appointment, cumbersome appeals process

  4. Valuation Problems • Lack of transparency permeates valuation process • Valuation methodology offers no incentive for property owners to make improvements • Adversarial system favors only attorneys and contingency-fee appraisers • Statutory maximum of 10 percent should not be a blank check for valuation increases • Taxing entities sometimes rely on proposed increases to their detriment

  5. Realistic Next Steps • Have taxing entities enforce accountability through attendance and training requirements • Have taxing entities establish minimum standards for all appointments • Let elected officials focus on obligations to constituents, not adding to their responsibilities • Follow letter of Texas law in appointing board members • Taxing entities should establish notice threshold for valuation changes(i.e. aggregate change of at least 1/10 of one percent of budget)

  6. Final Thoughts • Have El Paso take the lead on reforming inefficient system • Work with local delegation to address other needs that may require legislative changes • Without a “silver bullet” solution, reform must be cooperative and multi-faceted • Questions?

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