What is the relation of assessed value to actual value?

Sign up, and CougarBoard will remember which categories you want to view. Sign up

Report problem with this ad

Jan 22, 2020
7:32:12pm

Archaea All-American

What is the relation of assessed value to actual value?

Report problem with this ad

Archaea

Bio page: Archaea
Joined: Mar 28, 2001
Last login: Apr 29, 2024
Total posts: 93,684 (3,089 FO)

Report problem with this ad

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

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad