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Started By
Message
re: 'Unprecedented': Property tax bills have reached double value for Texas homeowners
Posted on 6/17/22 at 4:04 pm to GREENHEAD22
Posted on 6/17/22 at 4:04 pm to GREENHEAD22
quote:
The no income tax doesn't even out unless you are making serious money in LA.
For the taxes to even out on a 350-400k house around Houston you need to be making 250k plus in LA.
Depends on what tax district you're in
I was living in a house valued by the assessor at 300k and my property taxes were 7300 a year
You'd probably hit that in LA state income taxes at around 150k or so
1
Posted on 6/17/22 at 4:05 pm to Scruffy
quote:
Explain how you own your current home in the USA with property taxes
I don’t like your snark sir.
The US is taking my money for services I may or may not need/use.
I think the UK government (maybe the Bank of England) actually does the loan with you. Then taxes you anyways.
Posted on 6/17/22 at 4:07 pm to BROpaneTANK
quote:
No one should ever have to move because their neighborhood became more desirable.
I’m guessing you weren’t here when nola gentrification was the topic du jour around here.
Posted on 6/17/22 at 4:08 pm to Scruffy
quote:
They should be locked in at the price the person who is living there paid for it.
Isn’t it like this in California?
Posted on 6/17/22 at 4:08 pm to SPEEDY
Tried to warn y'all. You're way too distracted with stories Stout, Goofball, member12 and OML post Seattle, Cali, Chicago and NYC. If you just think local, and JUST think about your own family and where is best, you'll be way better off.
Posted on 6/17/22 at 4:10 pm to SPEEDY
Actually there should no income or property taxes. Only a sales and tariffs.
Posted on 6/17/22 at 4:11 pm to SPEEDY
quote:
In 2021, Nash owed about $1,700 in property taxes. In 2022, he will have to pay Chambers County more than $10,000.
quote:
The appraised value considers homestead exemptions, which cap the increase at 10% yearly.
How can he owe 5x in taxes if the cap is 10%?
Posted on 6/17/22 at 4:13 pm to JKLazurus
Homestead exemption is only 15k
Posted on 6/17/22 at 4:20 pm to Cymry Teigr
quote:
I agree with everything in your first 2 paragraphs but the impact on retired is minimal as they can freeze their taxes in most locations that I know of.
That makes sense, I've never heard of that. The last place I lived doesn't have it, and it looks like Houston only has it for the school assessment portion. Baton Rouge has it, with an income cap.
When I lived out west property values soared in the early and mid 2000s, it created huge issues for people. That's when they passed the 3% cap on annual increases for same owners. Seemed to work well.
Posted on 6/17/22 at 4:22 pm to SPEEDY
quote:
Some Texas homeowners got the shock of property tax balances that are astronomically higher than what they paid last year. And according to one agency that protests the tax bills, some of those people say they can't afford to pay.
Just move! You are sitting on a very valuable asset. You have no indefinite right to live anywhere.
Just move!
Posted on 6/17/22 at 4:24 pm to jclem11
That's what I would do. I would just put it on the market and have substantial evidence of appreciation. Haul arse to Kerrville.
Posted on 6/17/22 at 4:25 pm to BROpaneTANK
quote:
It’s always dumbfounded me that someone that buys a home can get priced out of their own home down the line by the way the market changes. I understand raising property taxes marginally with inflation and cost of things like roads and schools, but even with homestead exemptions, the idea that you’re punished because your 3 bed 2 bath has artificially increased 600% is insane to me. No one should ever have to move because their neighborhood became more desirable.
Imo the only way it should work is that day you bought your home for $200k, you only ever pay taxes on your homes value at 200k adjusted for inflation. So if it say becomes worth 900k 15 years later, you only pay taxes on the 200k value adjusted slightly in todays dollars. So like 250k or something of that nature.
Most municipalities do not collect enough taxes to cover the ongoing maintenance and repair of all the infrastructure, especially all the cringelords living in the suburbs.
Suburbs need to pay WAY more in property taxes to cover the cost of all the extra miles of roads and water / sewer lines needed to justify their existence.
We need denser cities and less fricking sprawl. Our cities are horrifically designed and should have never been built around frickin cars. Car culture needs to frickin die.
Yes, I am mad.
This post was edited on 6/17/22 at 5:47 pm
Posted on 6/17/22 at 4:26 pm to SPEEDY
Property taxes increasing more than 5 percent annually should be illegal and any government official who attempts to perform this should be drawn and quartered. Insanity.
Posted on 6/17/22 at 4:28 pm to jclem11
Governments are too busy spending money that should be used for infrastructure on pet projects. When they stop wasting money, I would consider increased taxes.
We just sent 40 Billion to Ukraine. Imagine what that could have done for infrastructure.
We just sent 40 Billion to Ukraine. Imagine what that could have done for infrastructure.
Posted on 6/17/22 at 4:30 pm to Jcorye1
quote:
We just sent 40 Billion to Ukraine
In a Texas thread? Really?
Posted on 6/17/22 at 4:31 pm to Sao
quote:
Tried to warn y'all. You're way too distracted with stories Stout, Goofball, member12 and OML post Seattle, Cali, Chicago and NYC. If you just think local, and JUST think about your own family and where is best, you'll be way better off.
We can’t be upset about increasing taxes AND drag queen story hour?
Posted on 6/17/22 at 4:31 pm to Eighteen
quote:
the actual % of the property tax rate should decrease to offset the extra revenue gained by this large increase in land values
I don't know why no one is focusing on this very salient point.
A homeowner's property taxes are established in a 2 step process.
First, the Appraisal District determines the value of all the taxable properties in the district.
Then the county (I'm not sure which agency) determines was the tax rates should be in order to reach the revenue that the county needs in taxes.
If property values go up county wide 100% and the county just needs the same tax revenue that it had the prior year, the county could halve the tax rates.
Posted on 6/17/22 at 4:34 pm to Jcorye1
quote:
overnments are too busy spending money that should be used for infrastructure on pet projects. When they stop wasting money, I would consider increased taxes.
We just sent 40 Billion to Ukraine. Imagine what that could have done for infrastructure.
That is not a local issue. Municipalites are responsible for maintaining the local infrastructure.
YouTube - How Suburban Development Makes American Cities Poorer
The issue is that our cities are horrifically designed around cars and there is insane amounts of sprawl which drives up the costs on the local governments to maintain the infrastructure.
The simple fact is that suburbs should pay more in property taxes b/c they cost significantly more to exist and are subsidized by taxpayers living closer to the city center.
Posted on 6/17/22 at 4:36 pm to texn
quote:
the actual % of the property tax rate should decrease to offset the extra revenue gained by this large increase in land values
Dallas County rates are likely decreasing this year.
And like I've already stated, appraisals are capped at 10%
Posted on 6/17/22 at 4:37 pm to SPEEDY
sell the house, you're up bigly.
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