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re: Texas is all fun and freedom until the tax bill comes
Posted on 4/17/23 at 10:22 pm to OU812ME2
Posted on 4/17/23 at 10:22 pm to OU812ME2
quote:
Again.... you're just renting it from the govt. Buy a nice house and you'll have to keep working just to keep up with the property taxes if you're 'lucky' enough to live in an area that grows.
My cousin (a professional engineer) lives in Illinois and tells me the same thing: "my house is paid for, but I have to pay over $13k per year to rent it from the government."
1
Posted on 4/17/23 at 10:40 pm to G Vice
It becomes really apparent once you aren't paying monthly payments on you house and you have to pay your insurance and taxes separately. The problem is that most people will never own their home outright and so are always rolling the insurance and property taxes into their payments.
Once you start writing those checks every year, then it really comes to roost. You don't own anything. The govt just lets you take possession while you pay them for the right of that possession.
Once you start writing those checks every year, then it really comes to roost. You don't own anything. The govt just lets you take possession while you pay them for the right of that possession.
Posted on 4/17/23 at 10:43 pm to OU812ME2
quote:
It becomes really apparent once you aren't paying monthly payments on you house and you have to pay your insurance and taxes separately. The problem is that most people will never own their home outright and so are always rolling the insurance and property taxes into their payments.
Once you start writing those checks every year, then it really comes to roost. You don't own anything. The govt just lets you take possession while you pay them for the right of that possession.
Paying taxes directly to my county/parish/local school district etc etc is 1000000000x more preferable than paying income and sales tax to Baton Rouge or D.C.
Posted on 4/17/23 at 10:57 pm to RedRifle
Mine was $8200 in Grapevine, TX. My wife's best friend's property tax is $38,000 in Frisco, TX. We live in West Hattiesburg, MS now and my bill is $2300 however my state income tax is around $10k.
Posted on 4/17/23 at 11:00 pm to OU812ME2
quote:
You don't own land. You just rent it from the govt. Property tax is the worst kind of tax there is. No matter if you earn or spend... you still have to pay out the arse. Hit a bad time and you're stuff gets sold on the courthouse steps. Again.... you're just renting it from the govt. Buy a nice house and you'll have to keep working just to keep up with the property taxes if you're 'lucky' enough to live in an area that grows.
and you can do that in the largest conservative county in the western hemisphere, or somewhere else.
Posted on 4/18/23 at 12:01 am to WinnPtiger
Higher Property taxes go towards local improvement districts and school districts
Higher Property taxes make more sense than state income tax to Texans
Higher Property taxes make more sense than state income tax to Texans
Posted on 4/18/23 at 12:35 am to TejasHorn
quote:
Lots of people don’t like living next to Walmart in an exurb and 2 hours from anything entertaining.
That sounds like Heaven to me.
Posted on 4/18/23 at 12:41 am to OU812ME2
People that escrow in Texas are a huge part of the problem with continually approving taxes. What they do on election day in November happens about two weeks before at least Fort Bend County sends out their appraisals of your property. Coincidence? Doubt it.
The glorious intelligence of these people wake up Dec 1 and say, "see, our mortgage payment didn't change," but then don't associate it with their bank adjusting escrow in Q1, or even worse, asking you for a $5k check two weeks before Christmas.
It is fairly easy to move somewhere in Houston, for instance, if you're not worried about schools, to where your property tax burden is 2% or lower on luxury homes (I picked Bunker Hill for the example, which is generally 1.5mil and up), and it can go even lower if you live outside the metro area. But, you have choices, which you don't get with state income taxes.
The glorious intelligence of these people wake up Dec 1 and say, "see, our mortgage payment didn't change," but then don't associate it with their bank adjusting escrow in Q1, or even worse, asking you for a $5k check two weeks before Christmas.
It is fairly easy to move somewhere in Houston, for instance, if you're not worried about schools, to where your property tax burden is 2% or lower on luxury homes (I picked Bunker Hill for the example, which is generally 1.5mil and up), and it can go even lower if you live outside the metro area. But, you have choices, which you don't get with state income taxes.
Posted on 4/18/23 at 1:00 am to RedRifle
My property taxes are 1000 bucks a month. I am old enough to have had my taxes locked in. My home value appraisal has nearly doubled (waterfront). I'd be pitching a fit if I wasn't locked in. It's essentially one of those cases where rising property value can raise taxes to an intolerable level. I feel sorry for my younger neighbors.
Posted on 4/18/23 at 1:41 am to skidry
quote:
Dallas county went 65/45 for Biden while the rest of the state went 52/46 for Trump.
I wonder if that has something to do with it
That totals 110
Election really was fricked.
Posted on 4/18/23 at 3:07 am to RedRifle
Oklahoma says: "Due to inflation my sales tax and property taxes expendatures both went up."
This post was edited on 4/18/23 at 3:08 am
Posted on 4/18/23 at 3:08 am to rhar61
GL to all the TX people who likes to gloat about the value of their house went up huge.
Posted on 4/18/23 at 4:21 am to lsu xman
Trade off to everything I guess... higher property taxes but no state income tax, great public schools in many areas so no need for private tuition, likely higher pay, with well run state/economy and lower insurance.
Posted on 4/18/23 at 6:35 am to Chucktown_Badger
quote:
Looking at one tax rate in a vacuum is dumb. Look at overall tax burden.
”Most people use statistics like a drunk man uses a lamppost; more for support than illumination”
Posted on 4/18/23 at 6:37 am to RedRifle
Should we speak of the roads, health care, and education that tax money provides?
Posted on 4/18/23 at 6:49 am to Alyosha
quote:
California's overall property taxes are below the national average. The average effective property tax rate in California is 0.71%, compared to the national rate, which sits at 0.99%.
They passed an initiative in the 1970s to limit property taxes.
Posted on 4/18/23 at 6:50 am to Polycarp
The OP pre invasion would post pro Russian threads fwiw
Posted on 4/18/23 at 6:54 am to RedRifle
freedom aint free
Posted on 4/18/23 at 6:58 am to RedRifle
The great hordes of people moving here do not seem to be turning around and going back when they discover their tax bills.
Posted on 4/18/23 at 6:59 am to RedRifle
Tennessee is laughing at Texas & they have public land to hunt & pro sports & water & not much wind energy to depend on Texas is so over rated
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