Started By
Message

re: Texas is all fun and freedom until the tax bill comes

Posted on 4/18/23 at 12:00 pm to
Posted by CatfishJohn
Member since Jun 2020
18654 posts
Posted on 4/18/23 at 12:00 pm to
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%.


Now do all the other taxes
Posted by bayoudude
Member since Dec 2007
25835 posts
Posted on 4/18/23 at 12:09 pm to
It’s all fine and good until you retire and your income drastically decreases but your tax burden continues to increase
Posted by bhtigerfan
Baton Rouge
Member since Sep 2008
32915 posts
Posted on 4/18/23 at 12:14 pm to
quote:

It’s all fine and good until you retire and your income drastically decreases but your tax burden continues to increase
Truth.

Many of these people gonna have to move outta their McMansions when they retire.
This post was edited on 4/18/23 at 12:15 pm
Posted by thadcastle
Member since Dec 2019
2841 posts
Posted on 4/18/23 at 12:50 pm to
quote:

Exactly. My property tax has gone up but

-so has my property value
-my kids can walk to a top rated elementary school
-there are three amazing, clean parks in our neighborhood to use
-really nice pool and splash pad
-low crime
-I’ve gotten raises at work and not taxed any extra on them

Where do you live? Asking for a friend
Posted by ghost2most
Member since Mar 2012
7726 posts
Posted on 4/18/23 at 1:09 pm to
quote:

Many of these people gonna have to move outta their McMansions when they retire.



This. What if you don't make a lot of money but saved up, bought a nice house and live within your means.

Income tax doesn't hurt you, but property tax could push you out of your own home.
Posted by SoonerK
Member since Nov 2021
1012 posts
Posted on 4/18/23 at 1:16 pm to
quote:

This. What if you don't make a lot of money but saved up, bought a nice house and live within your means.

Income tax doesn't hurt you, but property tax could push you out of your own home.

Then add skyrocketing home insurance prices in places like LA and FL and it's a double whammy.
Posted by Jon A thon
Member since May 2019
2370 posts
Posted on 4/18/23 at 1:24 pm to
quote:

if you don't make a lot of money but saved up


If you saved up in a tax shelter such as a 401k, you pay income tax on what you draw from that. And on any gains from outside investments. In a no income tax state, you aren't taxed. Everyone takes their property tax into account when making hime purchases here. Home values reflect it (my house is a 600k home in LA, but only 400k here). I'll likely downsize my home and move to a more rural area when kids graduate and that'll be a savings on property tax. I will never avoid income or property tax. I'll be drawing income and living somewhere till the day I die. I much rather pay property taxes which more directly benefit me locally.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40121 posts
Posted on 4/18/23 at 1:36 pm to
quote:

Truth. Many of these people gonna have to move outta their McMansions when they retire.


There are tons of various freezes, breaks and deferments available to seniors (65+) that prevent this from occurring.
Page 1 2 3 4 5 6 7 8
Jump to page
first pageprev pagePage 8 of 8Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram