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Property taxes in fort worth are ~2.85%. What is bay area?
by galangalalgol 7y ago
Property taxes in fort worth are ~2.85%. What is bay area?
- burlesona 7y agoCloser to 1%.
- ramses0 7y agoAsterisk: Texas has no state income tax, but has a higher property tax rate.
- downrightmike 7y agoZero until the house is sold.
- jogjayr 7y agoThe Bay Area's problem isn't absolute tax rates. It's that taxes aren't calculated on current property value, but on original sale price. This keeps effective tax rates low if you bought earlier. It also discourages redevelopment, rezoning, or anything else that would bring more supply into the market.