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The property tax being double is still cheaper when the housing costs are 1/3 though, right? I guess if you Prop 13'd your way into a low assessment, then the

The property tax being double is still cheaper when the housing costs are 1/3 though, right? I guess if you Prop 13'd your way into a low assessment, then the math doesn't quite work that way, but for someone who bought a Bay Area house recently, then moved to Texas, the net difference is still a tax reduction.

abernard1 6y ago
A major tax reduction. Austin property taxes are 1.8%. SF property taxes are 0.65%. For it to breakeven, just on property tax, Austin property taxes on a house 1/3 the cost of an SF house would have to be 3*0.65 or 1.95%. So people in Austin effectively pay less or the same on property tax than people in San Francisco. I might add, house prices in Austin/Dallas/Houston are often less than 1/3rd the price of houses in the Bay Area for comparable quality. In Austin, median housing price is $365K, and the average sq footage of a house in Austin is about 70% larger than one in SF.
- bradlys 6y ago
  Source on sf property taxes being 0.6%? Most places I see in Bay Area are 1.1-1.6%.
  - abernard1 6y ago
    I took the lowest number I could find. Double how bad it is for the Bay Area then relative to Austin. Property taxes in Austin (not to mention how cheap Houston, Dallas are) are not even as expensive as the Bay Area. That's not even considering income taxes or no capital gains.
- kbar13 6y ago
  sf property tax is 1.2
  - abernard1 6y ago
    Thank you! That would make property taxes in Austin need to be 3 * 1.2 or 3.6, which is double what they actually are. So people in SF pay basically double property tax of people in Austin for their houses, excluding the fact that houses in Austin are much larger.
    - starik36 6y ago
      You are just continuing to make numbers up in every post you make. Why not just google it? Here are the real numbers: https://www.austinchamber.com/economic-development/taxes-incentives/property-tax https://www.austinchamber.com/economic-development/taxes-inc...
      - abernard1 6y ago
        I did. But using your link, at Travis county (2.2267), once again, it'd need to 3.6% to be equivalent levels of absolute tax paid as SF. It's effectively 2.2267/3.6 (62%). It doesn't matter really how you slice this, because it's not subtle. People in Austin pay way less property tax than people in SF on equivalent housing, even before other taxes (only in SF) are taken into account.
- jjav 6y ago
  > SF property taxes are 0.65%. The base CA property tax rate is 1%, so it can never be lower than that. It's nearly always higher since localities can add assorted fees to it (so of course they do). You might have a long-time owner paying 0.65% due to prop13 slowing the year-to-year increase, but as a new purchaser your CA property tax will always be >1%.
  - Gibbon1 6y ago
    > The base CA property tax rate is 1%, so it can never be lower than that. Prop 13 means lot of people are paying much less than 1%

abernard1 6y ago

A major tax reduction. Austin property taxes are 1.8%. SF property taxes are 0.65%. For it to breakeven, just on property tax, Austin property taxes on a house 1/3 the cost of an SF house would have to be 3*0.65 or 1.95%. So people in Austin effectively pay less or the same on property tax than people in San Francisco. I might add, house prices in Austin/Dallas/Houston are often less than 1/3rd the price of houses in the Bay Area for comparable quality. In Austin, median housing price is $365K, and the average sq footage of a house in Austin is about 70% larger than one in SF.

bradlys 6y ago
Source on sf property taxes being 0.6%? Most places I see in Bay Area are 1.1-1.6%.
- abernard1 6y ago
  I took the lowest number I could find. Double how bad it is for the Bay Area then relative to Austin. Property taxes in Austin (not to mention how cheap Houston, Dallas are) are not even as expensive as the Bay Area. That's not even considering income taxes or no capital gains.
kbar13 6y ago
sf property tax is 1.2
- abernard1 6y ago
  Thank you! That would make property taxes in Austin need to be 3 * 1.2 or 3.6, which is double what they actually are. So people in SF pay basically double property tax of people in Austin for their houses, excluding the fact that houses in Austin are much larger.
  - starik36 6y ago
    You are just continuing to make numbers up in every post you make. Why not just google it? Here are the real numbers: https://www.austinchamber.com/economic-development/taxes-incentives/property-tax https://www.austinchamber.com/economic-development/taxes-inc...
    - abernard1 6y ago
      I did. But using your link, at Travis county (2.2267), once again, it'd need to 3.6% to be equivalent levels of absolute tax paid as SF. It's effectively 2.2267/3.6 (62%). It doesn't matter really how you slice this, because it's not subtle. People in Austin pay way less property tax than people in SF on equivalent housing, even before other taxes (only in SF) are taken into account.
jjav 6y ago
> SF property taxes are 0.65%. The base CA property tax rate is 1%, so it can never be lower than that. It's nearly always higher since localities can add assorted fees to it (so of course they do). You might have a long-time owner paying 0.65% due to prop13 slowing the year-to-year increase, but as a new purchaser your CA property tax will always be >1%.
- Gibbon1 6y ago
  > The base CA property tax rate is 1%, so it can never be lower than that. Prop 13 means lot of people are paying much less than 1%