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Lonestarblue

(13,355 posts)
22. Yes, my property taxes increase every year to pay for Abbott luring companies from California.
Mon May 30, 2022, 05:34 PM
May 2022

I don’t known what tax breaks Musk got to relocate here, but I’m sure they were significant. So new roads had to be built, water and electricity access created, similar infrastructure for new housing developments near his Tesla manufacturing facility, and eventually new schools for the workers moving to that part of the county to work. And even though those workers will also pay property taxes, many of them were already paying property taxes elsewhere in Texas.

Since we have no state income tax, property taxes pay these costs. And even though Texas has billions in a rainy day fund, hat money is rarely used so we have a bond issued every time we need a new car road or a new school—which, of course, increases our property taxes. With the change in the SALT deductions, I come nowhere near being able to use all my deductibles. Instead, I’ve also paid several thousand more in federal income taxes each year. So much for that tax cut Trump said we all got.

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Never heard that quote!!! It's so true!! Karadeniz May 2022 #1
Good points to compare. That too many ignore. LiberalFighter May 2022 #2
Taxes and utilities are higher in TX. BigmanPigman May 2022 #3
Texas is cheaper is a myth inthewind21 May 2022 #73
I had no idea it was that expensive. BigmanPigman May 2022 #76
also note property tax increases are limited in CA DBoon May 2022 #4
Yes, my property taxes increase every year to pay for Abbott luring companies from California. Lonestarblue May 2022 #22
I've lived in SoCal for 30+ years... WarGamer May 2022 #5
The two houses are located in Orange County and Dallas suburbs. Diablo del sol May 2022 #8
That gorgeous coastal SoCal weather - don't remind me! peppertree May 2022 #21
Where in Orange County? Bluesaph May 2022 #56
NB and HB are part of Orange County Diablo del sol May 2022 #58
That's a 5400.00 mortgage payment Buckeyeblue May 2022 #6
How'd you figure? Sympthsical May 2022 #12
My house is basically the same size as my friends in the Dallas area Diablo del sol May 2022 #13
We actually just refinanced a few months ago Sympthsical May 2022 #14
One of the things missed in evaluating CA is how many people like us that exist. Diablo del sol May 2022 #18
I was adding escrow for property taxes and insurance Buckeyeblue May 2022 #46
Also, California has run a surplus for the past two years. haele May 2022 #7
I actually like the hill country outside of San Antonio Diablo del sol May 2022 #10
I did too. But the commute to get to work or to specific destinations haele May 2022 #17
THIS Diablo del sol May 2022 #19
People profiting by double or triple what they paid for a home just by living in it MichMan May 2022 #9
taxes are paid at time of sale Diablo del sol May 2022 #11
I was thinking around 30% would be a starting point MichMan May 2022 #20
Or just tax it like any other income. quakerboy May 2022 #28
Selling your house isn't "income". You have to live SOMEWHERE & it costs money. oldsoftie May 2022 #31
Selling your house is capital gains. haele May 2022 #37
If you're married you're exempt up to 500k over what you paid, oldsoftie May 2022 #48
No there is not inthewind21 May 2022 #74
You know.. quakerboy May 2022 #54
If a corporation raised prices 400% over a decade because that is what the market will bear MichMan May 2022 #57
I definitely support a tax on HFT transactions. oldsoftie May 2022 #68
You aren't taxed on any gain from sale of your residence. oldsoftie May 2022 #30
I would LOVE to move to SD area. From the beautiful Sierra Foothills, no less. usonian May 2022 #15
A few things left out jimfields33 May 2022 #16
California may be expensive but I will never leave here YoshidaYui May 2022 #23
I have relatives who feel the same way. hunter May 2022 #55
My son's property tax in TX is 3x mine in Ga. The homes...... UGADawg May 2022 #24
I noticed that as well. Ilsa May 2022 #33
My brother just move from CA to TX Fiendish Thingy May 2022 #25
My friend, the rapid increase in property values will not continue on the same pace FakeNoose May 2022 #26
Agree - this last run up was out of control Diablo del sol May 2022 #32
She should consider whether she will need healthcare viva la May 2022 #27
One big difference; Texas doesnt have an income tax. oldsoftie May 2022 #29
But it does have higher property taxes. Diablo del sol May 2022 #35
Probably has higher sales tax too; to make up for it. oldsoftie May 2022 #49
And they will be inthewind21 May 2022 #75
+1, uponit7771 May 2022 #61
I drive through Texas twice a year.... Hulk May 2022 #34
Some of the towns north of Uvalde, in the Hill Country are nice too. Diablo del sol May 2022 #36
Spent a year at Ft. Hood Texas in 1970 Hulk May 2022 #40
I left Texas in 1992 UpInArms May 2022 #38
Not to mention the cost of therapy to live with Deplorables around. UTUSN May 2022 #39
Well, Sun Devil, seems like a lot of Texas bashing on here. I love Texas and txwhitedove May 2022 #41
Dallas is red? DFW May 2022 #45
Hi. No offense, but from what I've seen and read Dallas is more Republican txwhitedove May 2022 #47
That's Fort Worth, not Dallas. Fort Worth is bigger than Vegas and votes red because of no ... uponit7771 May 2022 #62
Ft. Worth is like the evil twin of Dallas. DFW May 2022 #67
lol uponit7771 May 2022 #71
I haven't been to Houston in 40 years DFW May 2022 #64
Good to know, thank you. txwhitedove May 2022 #65
This message was self-deleted by its author txwhitedove May 2022 #66
Better weather in So Cal and the Pacific Ocean as well. jalan48 May 2022 #42
Hmmm...interesting. Texasgal May 2022 #43
Sounds like she's just using the idea of TX madville May 2022 #44
CA is, on balance, a vastly better State. TX, as a whole, is a christofash Red-run dystopian entity. Celerity May 2022 #50
Texas has been a pox on this country edhopper May 2022 #51
Also too, I feel much more comfortable living in a state with a modern power grid. Initech May 2022 #52
Don't forget the cost of homeowners insurance. Xolodno May 2022 #53
You can't count on having electricity in Texas and it might cost a fortune. Patterson May 2022 #59
yeah but Skittles May 2022 #60
i guess i lead a sheltered life orleans May 2022 #63
Thank you! AntivaxHunters May 2022 #69
I have relatives who live in CA and are considering moving to TX CousinIT May 2022 #70
Taxes, definitely higher... Utilities, depends. I live in a CoOp area JCMach1 May 2022 #72
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