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For quick comparison it's 1.18% in San Francisco. Property tax bill on a $2.7m house in SF is ~$32,400/yr, and the property tax bill on a $1.5m house in Austin
by cam0 6y ago
For quick comparison it's 1.18% in San Francisco.
Property tax bill on a $2.7m house in SF is ~$32,400/yr, and the property tax bill on a $1.5m house in Austin would be around ~$33,000/yr.
- almost_usual 6y agoIf you’re buying a 2.7m house in SF you’re paying at least 80k in state income tax.
- cam0 6y agoTrue, and not everyone's goal is to minimize their tax bill.
- bluedevil2k 6y agoThere aren’t many $1.5M houses in Austin. In Round Rock (home of Dell), the highest price you’ll find is around $800k for a 5600 square ft house with premium upgrades.
- jjav 6y agoAccording to zillow there are 300 homes over $1.5M for sale right now in Austin. Surely many more not currently listed for sale. Sorry for the long link.. https://www.zillow.com/homes/for_sale/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22usersSearchTerm%22%3A%22Austin%2C%20TX%22%2C%22mapBounds%22%3A%7B%22west%22%3A-98.19083434960937%2C%22east%22%3A-97.3956988515625%2C%22south%22%3A30.069570870364913%2C%22north%22%3A30.505958688057213%7D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22sort%22%3A%7B%22value%22%3A%22globalrelevanceex%22%7D%2C%22price%22%3A%7B%22min%22%3A1500000%7D%2C%22mp%22%3A%7B%22min%22%3A4917%7D%7D%2C%22isListVisible%22%3Atrue%2C%22mapZoom%22%3A11%7D https://www.zillow.com/homes/for_sale/?searchQueryState=%7B%...
- bluedevil2k 6y agoMost of those are well over $2M. 1.5M is a tough price point here, because the ones by the water (most of the ones in your link) are really expensive while just a few blocks away the price drops quickly.