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Old Posted Mar 30, 2019, 7:59 PM
austlar1 austlar1 is offline
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Join Date: May 2007
Location: Austin
Posts: 3,432
Quote:
Originally Posted by ILUVSAT View Post
Yes, property taxes are "high." And, I do believe the legislature could work out some sort of relief. However, one must look at the whole picture and not one aspect of it. The state (and other localized governmental entities) must get revenue from somewhere. As we do not pay state income taxes, property taxes are one way for them to secure capital.

When compared to other states, overall, I believe Texans are taxed less than most.
Not really. Our sales tax is higher than most, and I'm pretty sure our RE taxes are in the top ten nationwide. Residents of states with a high state and local income tax rates probably have a bigger tax burden, but most state income tax rates are quite modest. I think the overall tax rate for most Texas homeowners is a bit above the national average when everything is taken into account. Renters arguably come out ahead, but RE taxes must factor into the amount of rent they pay.

Last edited by austlar1; Mar 30, 2019 at 8:19 PM.
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