I’m currently better off with property tax because I was conservative with what I bought relative to salary.

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Jan 22, 2020
10:19:49am

Tokolosh All-American

I’m currently better off with property tax because I was conservative with what I bought relative to salary.

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Tokolosh

Bio page: Tokolosh
Joined: Jun 9, 2004
Last login: May 5, 2024
Total posts: 60,497 (5,646 FO)

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Messages

Author

Time

How much are property taxes in Texas?

TNT

1/22/20 10:07am

$8120

permiso

1/22/20 10:08am

Average?

TNT

1/22/20 10:08am

$11

CDV

1/22/20 10:08am

Euros?

TNT

1/22/20 10:09am

Dog years

permiso

1/22/20 10:09am

2% to 3.5% depending on jurisdiction. Usually around 2.7ish percent.

Tokolosh

1/22/20 10:10am

Yikes! Good think homes are cheaper there.

Ycrazy

1/22/20 10:12am

It’s getting more expensive. ~150k 7 years ago can be $275k -$325k now.

Tokolosh

1/22/20 10:13am

Yea, my home in about 8 years has gone up over 110K in value.

OGSuperfan

1/22/20 10:22am

Depends on where you live. For example, I wouldn’t call Austin cheap

1/22/20 10:21am

Valuation increases are usually capped at 10% plus there are some exemptions you can get to reduce valuation by a bit.

Tokolosh

1/22/20 10:12am

Makes up for the no state income tax.

JohnnyComeLately

1/22/20 10:13am

I’m currently better off with property tax because I was conservative with what I bought relative to salary.

Tokolosh

1/22/20 10:19am

This is one reason why I think property taxes could be preferable to income tax

1/22/20 10:57am

It was about equal when I last calculated to compare

buffgato

1/22/20 10:39am

Yup. I'm at 2.5%

LiveCoug

1/22/20 10:19am

of real value or assessed valuation?

Archaea

1/22/20 6:30pm

Assessed

Tokolosh

1/22/20 6:38pm

What is the relation of assessed value to actual value?

Archaea

1/22/20 7:32pm

I’m at 90% but we bought 2 1/2 years ago.

Tokolosh

1/22/20 7:34pm

Wow. Nevada's is about 40% IIRC.

Archaea

1/22/20 7:38pm

Longtime owners may be closer to that since appreciation has outstripped the cap on tax increases.

Tokolosh

1/22/20 7:46pm

Ouch.

Archaea

1/22/20 7:55pm

It’s based on value of house and then education taxes primarily

SouthernBlueBlood

1/22/20 10:17am

A lot. About 2.5-3% of your appraised value. Basically, about the same as your P&I.

1/22/20 10:20am

depends on the city you live in and the school district you are living in

OGSuperfan

1/22/20 10:21am

How do or why do people stay there in retirment? I understand the offset of

Ycrazy

1/22/20 10:23am

Houses owned when 65 is fixed

SouthernBlueBlood

1/22/20 10:26am

Dallas has a huge discounted property tax for seniors

chirocoug

1/22/20 10:27am

Mine are somewhere around $6000 per year

buffgato

1/22/20 10:34am

Run anywhere from about $450 to $1,000 per MONTH for pretty typical homes.

StarMan

1/22/20 10:36am

If you're paying $1,000/month, you're living in a nice home.

endy

1/22/20 10:46am

I paid just under $450/mo this last year in 4br/3ba home.

endy

1/22/20 10:48am

That can be 500-700 range most likely

SouthernBlueBlood

1/22/20 10:57am

Could be a modest house sitting on a large piece of property

buffgato

1/22/20 11:24am

"nice" is pretty subjective.....I just opened up "Houston Real Estate" on

StarMan

1/22/20 1:27pm

I payed nearly 6k last year in property taxes..

Cougar86

1/22/20 11:26am

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