Quote:
Originally Posted by Rick Lee
So I'd say $8500/yr in TX for a house worth just about what mine here is, is insanely expensive. It works a lot better if you make a lot of money, since you don't pay state income tax on that.
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TX has about the highest property (and sales tax) in the country. Depending on where you live you can expect your property taxes to be 1.8-3% of assessed value.
The lion's share of that property tax is school taxes which can be jaw-dropping. Yes we have no income tax but the state has gots to get it's money somewhere so property and sales tax it is...
And no, it isn't like in CA. Here your property is re-appraised every year and the taxes adjusted accordingly. Hint: they aren't going down.