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I believe that one of the things that make Texas more affordable is high property taxes. It keeps people from borrowing more money and competing as aggressively
by corpMaverick 5y ago
I believe that one of the things that make Texas more affordable is high property taxes. It keeps people from borrowing more money and competing as aggressively on price. So they pay in Taxes what they would be paying in interest. Taxes at least are spent in the community. Schools, roads, parks, etc.
- seanmcdirmid 5y agoHousing prices have little to do with property taxes, just in how the amount levied is paid by homeowners, not in the amount levied. The reason property taxes are high in Texas is for the same reason they are high in Washington state: no state income tax. That doesn’t really keep our housing prices low, however.