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People love to shit on Texas (often rightfully, IMO) for their nutty laws, but I think TX got it right here. TX has no state income tax but very high property t
by hn_throwaway_99 3y ago
People love to shit on Texas (often rightfully, IMO) for their nutty laws, but I think TX got it right here. TX has no state income tax but very high property taxes (e.g. 2.5% in some jurisdictions).
- jeffbee 3y agoA thing people object to in that regime is the tax burden of a median family is pretty high. The California state income taxes of a median household are about zero. Under a high property tax rate, everyone owes an amount that seems significant to them.
- YeBanKo 3y agoHigh property tax pushes owners to rent/sell/use land rathe than let it sit unoccupied in high demand area.