4 ms·
Not sure if this is included in the assessment, but TX does not have a state tax.
by tfandango 5y ago
Not sure if this is included in the assessment, but TX does not have a state tax.
- devilbunny 5y agoYes, the complete absence of state income taxes makes an enormous difference. Texas property taxes sound crazy until you take that into account. Putting taxes on sales and property means that even those paid under the table can't escape taxation.
- adolph 5y agoIn the absence of an income tax and presence of similar overall government spending then increased rates of other revenue sources are a first order effect. How this shapes the valuation of other things, like houses, is an interesting second order effect. Property tax rates shape how affordable housing is during the mortgage period and after.
- ian-g 5y agoSpecifically Austin vs Seattle, that's a non-factor. No state income tax in WA either