KindlyQuasar t1_j9tnij5 wrote on February 24, 2023 at 2:07 PM

Reply to comment by ZombiePlaya in [OC] National Divorce by the Numbers (Politics, Demographics, GDP) by tabthough

I'm a Texan homeowner. I have a modest 1600 sqft home built in the 80s. I pay about $6300/year in property taxes. My effective property tax rate is 2.47%, which is considered low.

Sources online will tell you that the state average is between 1.6-1.8%, but that is because the "agricultural exemption" is used by very wealthy landowners to reduce their tax burden.

Those over 65 can "lock" their tax rate (and qualify for additional exemptions), so even if the property value doubles they don't pay one extra cent in tax --- shifting that tax burden to the younger generation, of course.

Californians pay less in taxes than Texans -- unless you're in the top 1% of wage earners, then you pay a LOT less in Texas. Source: link

ZombiePlaya t1_j9ttqbo wrote on February 24, 2023 at 2:52 PM

From what it looks like, California and Texas have similar tax rates. It's just that Texas splits it to make up for the no income tax, and California takes it at once.

Pay now or pay later I guess, both have really close class revenues I see as well.

All I can say is that I wouldn't live in either, especially when both I hear have energy problems.