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I know conservatives and liberals fleeing TX because of property taxes. It’s a conservative, low service state where everything rolls downhill to the counties a

I know conservatives and liberals fleeing TX because of property taxes. It’s a conservative, low service state where everything rolls downhill to the counties and cities. Peoples valuations going up 20% a year. The best thing that could happen for TX is a Prop 13. The state would have to go blue to deal with reality and adopt an income tax.

barbacoa 6y ago
The median home value in houston and dallas the two largest cities in TX is ~$200k, at 2.5% comes out to $5k in property taxes. The high property tax offsets the lack of state income tax. The high property tax also incentives local governments to encourage real estate development since that brings in more tax income. That then results in lower housing costs. Houston for example literally doesn't even have zoning laws. The downside to this is you may have to evacuate your house at 12am when there is an industrial chemical spill at the petro-chemical plant they build 1/2 a mile from your house. The upside is when home values start pricing people out developer will line up around the block to buy out sfh to build affordable mid rise apartment/condo units.