Texas has an average overall property tax of 4%-5%. California has 3%-5%. However, a $250,000 home in a Texas major urban/suburban area cost $1,000,000-$1,500,000 in California. So who is really paying the higher property tax? The difference will sure pay for a lot of lifestyle.
One way to insure you get creamed on taxes is to ignore the real economics of them.
YOU ARE INCORRECT ABOUT CALIFORNIA PROPERTY TAX.
Prop 13 limits the property tax at 1% of purchase value since 1978. If you have been in your house since 1977 it is 1% of the value in 77. If the house was 50,000. Your tax is 500. If you buy a 500,000 house now, your tax would be 5,000 per year.
Cities are allowed to raise the taxes a small amount over time. After 42 years most tax rates around the state are about 1.17% A small increase from 1% in 1978.
The democrats are constantly trying to get around prop 13, but they have been beaten back. The current attempt is to raise commercial property taxes. But one of the positives in CAL is the low rate of property taxes and if you stay in your home in the long term you’re getting a real break over other states and people who move around frequently.
The state also allows seniors to move within the same county and transfer their old tax to the new property (Prop 60). 7 counties allow you to transfer from other counties (prop 90).