Property taxes in Texas are in line with other prosperous and growing states.
But we have one advantage that most others states don’t:
No State Income Tax.
The above is true with the exception of property taxes due to our Prop 13, in California.
If you have lived in California for a year or more, your property taxes are fixed to your purchase price based again on prop 13 appraisal at the time you bought your home.
We have owned our California Home about 4 decades ago, shortly before Prop 13 went into effect. Our yearly property taxes are basically the same now as they were back then thanks to Prop 13.
The property taxes in some of the desirable places in Texas
for new or great condition 3 or 4 bedroom can be huge according to relatives and friends who have researched property taxes there and here.
If you have a home in California valued at $1,000,000, and you buy a similar home in Texas to avoid Fed taxes, your property tax is very high and will never go down, only up.
As usual, there is no free ride for tax payers/working people.
If you have a home in California valued at $1,000,000, and you buy a similar home in Texas to avoid Fed taxes, your property tax is very high and will never go down, only up.
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I think we all know that a million dollar California home will get you a 3/2/2 at maybe 1,500 sq. ft.
The same home in Texas sells for no more than $180,000
http://www.businessinsider.com/million-dollar-listing-new-york-los-angeles-housing-market-2017-10
Prop 13 be damned. There is no way a young person should live and buy in California when there is Texas to consider.
Your similar home, depending on where you buy it, is going to run anywhere from $100k to $300k.