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re: Do you get more value in Texas than Louisiana (home-buyers)?
Posted on 3/28/14 at 9:29 am to TH03
Posted on 3/28/14 at 9:29 am to TH03
Plus no state income tax in Texas. That's what people miss out on when they say that the property taxes are higher - that's true, but the lack of income tax balances it out for a lot of people.
2
Posted on 3/28/14 at 9:32 am to Captain Want
quote:
Plus no state income tax in Texas. That's what people miss out on when they say that the property taxes are higher - that's true, but the lack of income tax balances it out for a lot of people
Well put, depending on the taxes in your precinct. But, public schools are really good, so no real need to spend all that money on private schools.
Posted on 3/28/14 at 11:10 am to Captain Want
quote:
Plus no state income tax in Texas. That's what people miss out on when they say that the property taxes are higher - that's true, but the lack of income tax balances it out for a lot of people.
Bingo. More dollars stay local rather than being redistributed in Austin, meaning more local amenities and typically better public school systems (so you also don't have to shell out for private school). Plus sales tax rates are typically lower than LA too.
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