So your property tax is $11k (which is 5.1x my $400k home just outside Charlotte)? Because on $210k mortgage with 3.5% interest rate is only $7.3k per year in interest even if you didn’t pay it down at all ($210,000 *.035 = $7,300). I knew TX property taxes were higher but that is nuts!
I keep warning people about the New Jersey level of property taxation in Texas. All the Foghorn Leghorn bragging in the world won’t overcome a tax hit like that. Conservatives relocating who have some discretion as to where should look at other, lower cost conservative states.
“Because on $210k mortgage with 3.5% interest rate is only $7.3k per year in interest even if you didnt pay it down at all ($210,000 *.035 = $7,300). “
I just checked. It is $235,000. And I have no idea where you are getting 3.5%.
004 CYPRESS-FAIRBANKS ISD 127,600 Certified: 08/11/2017 1.440000
040 HARRIS COUNTY 237,600 Certified: 08/11/2017 0.416560
041 HARRIS CO FLOOD CNTRL 237,600 Certified: 08/11/2017 0.028290
042 PORT OF HOUSTON AUTHY 237,600 Certified: 08/11/2017 0.013340
043 HARRIS CO HOSP DIST 237,600 Certified: 08/11/2017 0.171790
044 HARRIS CO EDUC DEPT 237,600 Certified: 08/11/2017 0.005200
045 LONE STAR COLLEGE SYS 80,000 Certified: 08/11/2017 0.107800
506 HC MUD 419 10,000 Certified: 08/11/2017 0.940000
617 HC WCID 157 10,000 Certified: 08/11/2017 0.465000
633 HC EMERG SRV DIST 9 179,400 Certified: 08/11/2017 0.053310