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Home prices grew 68% from the same time last year. There goes your property tax.
1 posted on 06/24/2021 9:20:50 AM PDT by bgill
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To: bgill
Musk, SpaceX and Tesla effects?
2 posted on 06/24/2021 9:22:55 AM PDT by SmokingJoe
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To: bgill

Most likely, those fleeing the blue states looking for a liberal haven in the red states. That still would suck when it comes to turning a red state into a blue or purple state.


3 posted on 06/24/2021 9:28:31 AM PDT by adorno
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To: bgill

The white areas?
Unfortunately they are all over Bastrop and Burnett, sucks.


5 posted on 06/24/2021 9:33:43 AM PDT by TexasM1A
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To: bgill

Hmmm, I know someone that sold their house in Austin last week and decamped to the midwest. Said they got 7 offers over list and sold it over a weekend.


7 posted on 06/24/2021 9:42:57 AM PDT by glorgau
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To: bgill

Property taxes are calculated on sales from between 2-4 years ago.

There’s a nice long window before the higher taxes hit. One of my houses is up over 100k in the last year, my taxes are up zero. And I’m selling it soon. And it’s my principal residence so it’s tax-free sale as I won’t profit over the $550k limit. I bought my next principal residence about 2.5 years ago and used it as a second home. It will become my principal residence in a few months.

I bought my current principal residence in 2003 and rented it for 5 years before moving in and declaring it my principal residence.

There are many ways to skin the tax cat.


10 posted on 06/24/2021 9:49:54 AM PDT by SaxxonWoods ( comment might be sarcasm, or not. It depends. Often I'm not sure either.)
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To: bgill

I think the blue meanies are fleeing to the fake Texas, Austin with the tech growth there and Cal tech firms moving to Texas while the red folks are fleeing to Dallas, the real Texas


17 posted on 06/24/2021 11:11:56 AM PDT by chuckee
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