That’s the thing about increasing home prices nobody talks about. It increases the “value” of your home, so you’re taked more.
When my parents retired, they didn’t move out to the country to get away from the city life. They did it because it saved them 40 grand a year in property taxes.
They had municipal taxes, county taxes, school district taxes (when massive school bonds pass every single year without fail that one can really add up), emergency service district taxes, Water District taxes, Healthcare District taxes.
That shit adds up when the value of your property doubles every 3 years like it has been doing in Texas.
That’s the part that upsets me the most. If you save up the money to fix up your house, the gov charges you more for it. How aggregating. Makes me not want to “own” property.
The house was about 180 when they bought it, then climbed in value over time to the point they had to move due to taxes. The combination of city, county, 2 separate MUDs, school, ESD, health district, and other taxes didn’t help either.
The school taxes alone were nearly 2% of the value of their home. When your home quaruples in valueshoppingthe area around you gets ritzy, that adds up.
That’s the thing about increasing home prices nobody talks about. It increases the “value” of your home, so you’re taked more.
When my parents retired, they didn’t move out to the country to get away from the city life. They did it because it saved them 40 grand a year in property taxes.
Where the fuck did they live? What was the home value and tax rate? That’s insane.
It’s really not that crazy in some areas.
They had municipal taxes, county taxes, school district taxes (when massive school bonds pass every single year without fail that one can really add up), emergency service district taxes, Water District taxes, Healthcare District taxes.
That shit adds up when the value of your property doubles every 3 years like it has been doing in Texas.
That’s the part that upsets me the most. If you save up the money to fix up your house, the gov charges you more for it. How aggregating. Makes me not want to “own” property.
Depending on area 40k property tax means a 3-4M house. Poor rich people!
The house was about 180 when they bought it, then climbed in value over time to the point they had to move due to taxes. The combination of city, county, 2 separate MUDs, school, ESD, health district, and other taxes didn’t help either.
The school taxes alone were nearly 2% of the value of their home. When your home quaruples in valueshoppingthe area around you gets ritzy, that adds up.