Beware of Texas as a retirement option. Between confiscatory property taxes and a sales tax north of 8%, the state is not a “country for old men”...or old women either. As an aside, I had the 2022 valuation on some rural property I own go up 146%.
and if the housing market crashes and the value of the that property declines, surely your property taxes will decline accordingly, right?
“Beware of Texas as a retirement option.”
We were considering retiring to Texas and decided not to do so.
The main risk that I saw was that an ongoing flood of illegal immigrants and public services given to those folks would explode property taxes.
It is a risk—not a certainty—but it was not a risk we were willing to take.
Exactly why I picked AZ over TX.
Exactly why I picked AZ over TX.
Exactly why I picked AZ over TX.
Bingo!!! And a big reason why we avoided relocating to Texas.
Ain’t that the damn truth. The politicians have been squawking about lowering property taxes for years yet they keep going up, up, up. Ain’t no damn way my little ole lot is worth 20K.