I was talking to my cousin who was thinking about moving to Texas because it is cheaper to live there. He went for a week and looked at homes and said the property taxes are huge for a medium to lower priced house. I then went online to check out homes in Texas and found the taxes are really expensive. I have never heard this before, I thought it said somewhere it was a good place to retire?
It is cheaper to live in Texas. Property taxes are purely a matter of exactly where the property is (what county, what school district, what MUD, what neighborhood association, etc).
It is cheaper to live in Texas, but their property taxes have always been high compared to ours here in SoCal.. Our prop 13 kept them affordable..
We checked out San Antonio, Tyler and Austin. A home there, compared to ours here in Orange Country, Calif. had nearly twice the property tax.
We still liked Texas, but decided that our friends and family were more important to us.
Barb
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If you want the biggest house in the wealthiest neighborhood, then you pay for it. Taxes here are very local and the ones that want to can live in nice neighborhoods and pay reasonable taxes or they can move to the next town and pay out the wazoo. If he thought taxes were high, he should have checked on electric utilities, as you can buy from what ever utility you want in a region. I have seen as many as 6 choices at the same address, where you would think competition would reduce the cost...wrong. Your choice was exorbitant to extra exorbitant and made the taxes look like pocket change. However again, that is NOT the norm and in most areas, you can get reasonable utilities. Texas is no more expensive than many locales in California and cheaper than many, plus there is NO income tax and a low sales tax.
Barb, what are the taxes for those moving to CA that do NOT have the benefit of Prop 13.... There lies your comparison.
Bob & Betsy(FishNFanatic) - USN Aviation Ret'd '78 & LEO Ret'd '03 & "Oath Keeper Forever" '05 HR Endeavor 40PRQ, 400 Cummins-Pulling our '11 Silverado LT, Ex Cab 6.2L NHT 4x4, w/2010 Rzr or 01 V Star in back. Where the wheels are stopped today
Ok, I know Texas is one of the states that allows Full Time RVing.
If I joined Escapees and moved into one of their shoeboxes, I know my property taxes on the "House" would be.. Basically nothing (Since I meant shoe box more or less literally, actually a post office type box).
But how about the regristration fees on my house on wheels (Class A) and income tax on my Retirement pension and social security?
Nothin adds excitment like something that is none of your business
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If you're thinking about retiring to another state, Welcome to Retirement Living is a good source for comparing all the different expenses you may encounter. Property taxes are a biggie, but state sales tax (and on what), vehicle registration and plates, gas and diesel taxes, state income tax or lack of one, intangible tax, tax on Social Security income, inheritance or estate taxes, etc.
The site zeroes in on retirees, but many of the taxes are applied to those still working.
Also check adjoining states, if you're just interested in the general area.
Retired and visiting as much of this beautiful country as I can.
Yes our property taxes are higher than most. But there is NO income tax and low sales tax. Some counties have very affordable property taxation also too. I moved here almost 20 years ago and would never consider leaving.
wa8yxm wrote: Ok, I know Texas is one of the states that allows Full Time RVing.
If I joined Escapees and moved into one of their shoeboxes, I know my property taxes on the "House" would be.. Basically nothing (Since I meant shoe box more or less literally, actually a post office type box).
But how about the regristration fees on my house on wheels (Class A) and income tax on my Retirement pension and social security?
I didn't get that far........found out the insurance on my RV would double with a 50% increase on truck......stopped looking right then.
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I pay around 3,300 per year for an average size home in the NE Texas area, but I live in a small city in which the ISD taxes make up about 2,000 of that. There are cheaper areas to live. Many folks I know pay less than 1,000 for a somewhat smallish home in other nearby areas out of our school district.
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doublenot7 wrote: Yes our property taxes are higher than most. But there is NO income tax and low sales tax. Some counties have very affordable property taxation also too. I moved here almost 20 years ago and would never consider leaving.
Thank you for explaining it properly. It varies county to county and city to city in TX. Tax rates in TX are public record. Just go to Texas Property Taxes. You can look up a house by address.
Here is a breakdown of our $260,950 (tax appraised) home on 1.25 acres in Wise county TX. These are county rates, city rates will be more. The city limits are 2.5 miles away from our place. If our house was in the city limits our yearly taxes would be $2100 more a year.
FM & Lateral Road 0.090
XXXXXXX ISD 1.3
Weatherford Junior College Dist 0.112
Wise County 0.29
Wise Co WCID 0.01
Total 1.802
Total Estimated Taxes $4,702.19
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There lies your comparison.
