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People mentioned cheap property but property taxes in TX are insane… but I guess it helps that they don’t have state income taxes.
by pkrotich 5y ago
People mentioned cheap property but property taxes in TX are insane… but I guess it helps that they don’t have state income taxes.
- systemvoltage 5y agoThis is actually a better strategy IMO. Property taxes in Bay Area are ridiculously low and it's leading to people camping in $1M+ properties with very little to return back to the society. Meanwhile, sales tax is extremely high in Bay Area and it is hurting the little guy more than the big guys.
- sakopov 5y agoIt's all relative to average housing prices in the state. An average 3 bedroom house in LA will cost you north of $1 mil and have a property tax anywhere between 10-15K, which is comparable to monthly rent in some states even though CA has some of the lowest property taxes in the country. You basically never stop paying rent in California even if you've paid off your house. It just depends on who the rent goes to.
- abernard1 5y ago> People mentioned cheap property but property taxes in TX are insane But the houses--I kid you not--can be 20% the price per sq ft. Any assessment that does not consider this is dishonest. Austin's prices have skyrocketed by 40% over the last year, but if you compare a house in Austin to SF, even excluding lot size or modernity, it's not a comparison. If you look at Houston or Dallas, it's basically free. Average sq ft in Austin is 2100 sq ft vs average sq ft of 1150 sq ft in SF. Average price in Austin is $606K and average price in SF is $1.5M.