You've just described all those "low cost of housing" homes in Texas. Rundown 30-year old stick homes will run you $400k to $600k and $10k to $15k in property t

You've just described all those "low cost of housing" homes in Texas. Rundown 30-year old stick homes will run you $400k to $600k and $10k to $15k in property tax. No state income tax is a lie, it's paid through small home property taxes. Larger land owners invariably go for rural/ag exemptions and reductions.