3 ms·
Yeah I’m really curious about the methodology here. Property tax is surely higher, but then again property values are a good bit lower. Income tax is certainl
by xienze 4y ago
Yeah I’m really curious about the methodology here. Property tax is surely higher, but then again property values are a good bit lower. Income tax is certainly lower in TX (hard not to be). Sales tax I’d wager is lower in TX as well, at least on average. Not sure about utilities, but it’s not hard to have cheaper electricity than CA. Gas is no contest.
So what’s the angle here? Things that make you go hmmm…
- hindsightbias 4y agoIt all rolls down the counties who have to pay for everything. So they raise your valuation 20% a year (if you're in an avg market). For the last 10 years. And then the rate goes from 1.2% to 1.9% over the same time. And that doesn't even cover highway use, as they've all got tolls now. With no Prop 13, anyone who picked the right hood as poor or middle class can no longer afford to stay.