Travis County Property Appraisals Now Available

[ipott]

Originally Posted by riaelise

How did your value go down slightly when across the board in the metro area the appraisals are down quite a bit? Prices have gone down basically everywhere.

Wilco tends to be a bit more sensible when it comes to valuing the dirt.

I've seen properties in Manor whose values went up!!! Travis county appraisers seem to have their own rules

[Austin97]

Originally Posted by CarnivalGal

https://traviscad.org/propertysearch

Mine went down (slightly). But I'll still pay 10% more every year to catch up.

You won't

We are covering this in the Williamson county thread so I won't repeat it here

[CarnivalGal]

Originally Posted by Austin97

You won't

We are covering this in the Williamson county thread so I won't repeat it here

I get it, and I probably worded that poorly. However, it doesn't change the fact that the taxes I pay have about tripled since we bought our house and are now more than our mortgage payment.

[orngkat]

We realized a few years back that retirement and Austin property taxes weren't going to work for us. Moved to Colorado where our prop taxes on a 2000sf house are $1300 a year. They were $11,000 last yr for our 1600sf Austin house. We have a low state income tax here but usually get a refund rather than paying anything. That makes a huge difference on a fixed income. Many of my old co-workers and friends have moved on too.

[blameyourself]

Originally Posted by orngkat

We realized a few years back that retirement and Austin property taxes weren't going to work for us. Moved to Colorado where our prop taxes on a 2000sf house are $1300 a year. They were $11,000 last yr for our 1600sf Austin house. We have a low state income tax here but usually get a refund rather than paying anything. That makes a huge difference on a fixed income. Many of my old co-workers and friends have moved on too.

Not surprising

[JT-3]

Originally Posted by Trainwreck20

We have looked at various states and tax setups for when we retire. PA has not been on our radar so I have not looked at it and am not very familiar with the mechanics. So I went to poke my nose into it.

It looks like PA rates are relatively high (compared to nationally) but prices aren't as bad. No exemptions for senior citizens UNLESS you qualify as low income (<$35,000/yr), which is quite possible for anybody living off SS and not too much else, I would think? If you meet the requirements, then all your property taxes are frozen (not reduced).

Picked a few random properties in York County that are for sale:
1200 sf
Last sold 15 years ago for $118k
currently asking $225k
$4.1k/yr in taxes

2,000 sf
Current appraisal $191k
Currently asking $350k
$6.6k/yr taxes

1,500 sf
Last sold 7 years ago for $150k
Currently asking $240k
$3.7k/yr in taxes

Taxes are lower, but not negligible, and much of the difference is in the value not the rate. I.e.my current effective rate (taxes/value) is 1.72 and these York properties are 1.8, give or take a tenth. If you are <$35k income, then that is a huge savings. If you are not, taxes will go up with inflation (I don't see any freeze) and 10 or 15 years down the road, your taxes may be pretty high. They may also, ofc, change the freeze requirements which would help fixed income.

I know next to nothing about PA, so not sure if York county is an outlier. PA does have a lower sales tax, it appears.....

There is a 4.5% inheritance tax on the value of an estate (including the house) when a descendant is the heir. 12-15% when to anyone else (sibling, in-law, etc). Home improvement and real estate sales have a 1% state tax.

Pretty crazy logging in here in a while and see this thread. We left Austin for PA but still have property and family in TX.
We do have income tax here in PA of course, and different counties and townships/boroughs will then have their own taxes. It can vary from one town to another and certainly impact home value. Tax man going to get his money one way or another.
So random to see York here! That's our neighboring county, would not want to live there, unless it came with acreage and a nice farmhouse from the 1800's.
We really like it here, miss Austin somewhat (well, 2000's Austin) but we're also close to Atlantic Beaches, Philly, DC, NYC. This winter was a bust for any good skiing.

[Trainwreck20]

We have an office in York, but I have only been there once and only for a few hours. Seemed nice enough, although had a bit of a 'run down' feel without really being able to put your finger on it.

[Trainwreck20]

Finally got appraisal posted on TCAD

2.2% drop in appraisal
10% increase in net appraisal
Appraisal is still ~23% above net appraisal.

[andy2000]

6% increase in appraisal, and of course 10% increase in net appraisal. I guess that's better than last year where it was a 47% increase in appraisal...