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My understanding is that property taxes in Texas can also grow a LOT year over year if your town gets more popular, which isn't the case in California
by Rebelgecko 4mo ago
My understanding is that property taxes in Texas can also grow a LOT year over year if your town gets more popular, which isn't the case in California
- anon291 4mo agoYes people in Texas have to move a ton because as property prices go up so do their taxes. With California, you control how much income you earn. In Texas, people moving to your neighborhood can price you out even after you've bought . A move for a family can cost thousands. Since the higher moving rate is due to the tax system these costs ought to be counted.
- SOLAR_FIELDS 4mo ago“A ton” is carrying a lot of unverified weight here. Do you have demonstrable evidence that move rates are higher in Texas AND that it’s a result of this AND that people hit this with an actual interesting frequency?
- anon291 4mo agoMy experience supervising employees in CA and Texas. It's also just an inconvenience on businesses. I'd be giving my Texas employees grace time off all the time to move. My opinion. Sucks to not be able to live in your home
- SOLAR_FIELDS 4mo agoIndeed, but circa 2019 the max taxable amount that the value of the home can rise any given year is capped in Texas. So if you are in that situation yes eventually the taxes will “catch up” and you will pay more every year, but that catch up is capped every year and you know what it is capped to and can plan for it
- jen20 4mo agoThat’s what the homestead exemption is for.