DFW Homeowners Property Tax Payments top 10 Billion in 2017...Is it Time to be Concerned? (Houston: sales, home)

[CREW747]

DFW Total Home Tax Topped $10 Billion in 2017

https://www.dallasnews.com/business/...0-billion-2017


Then this...

https://www.dallasnews.com/business/...robably-peaked


I am starting to wonder what will happen with the Property tax situation here in the DFW area.Are prices finally peaking?I do not support the state of Texas viewing homeowners as cash registers with no limit.Where is all of this revenue going?The increases in most DFW home value assesments have been astronomical over the past decade.We have tons of tollroads and a high sales tax as well.I feel like not having a state income tax no longer makes choosing the DFW area over other areas as appealing as it once was. Can this area justify these higher property tax bills and rapidly increasing cost of living long-term?Topography and location cetainly is not bere as that extra justification.Places like the Colombus and Indianapolis metro areas (amongst others) offer similar standards of living for less.What will make DFW a destination that people flock to in the furure?

[kyam11]

You lost all credibility when you stated 2 areas that are 2M people are similar than a place that has 7,500,000 people.

Name another top 10-15 population area that has cheaper property taxes than DFW that is not in TX.

[CREW747]

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[CREW747]

Originally Posted by kyam11

You lost all credibility when you stated 2 areas that are 2M people are similar than a place that has 7,500,000 people.

Name another top 10-15 population area that has cheaper property taxes than DFW that is not in TX.

I see your point about the actual metro size.The cities of Columbus and Indianapolis are close to 1 million people each in population.While the metro areas are obviously smaller,it seems that job availability and salaries are close to DFW levels.Both have strong suburbs.Comparing a much smaller city like DesMoines to Dallas would be off base,yes.Columbus and Indianapolis could easily be compared if someone had job offers in all three.

That being said,I am starting to wonder how high cost of living will get in the desirable areas of DFW before the negatives start to outweigh the positives to choosing a cheaper yet still bustling metro like a Columbus or Indianapolis.

[El Senor]

Originally Posted by CREW747

I see your point about the actual metro size.The cities of Columbus and Indianapolis are close to 1 million people each in population.While the metro areas are obviously smaller,it seems that job availability and salaries are close to DFW levels.Both have strong suburbs.Comparing places like DesMoines to Dallas would be ridiculous,yes.Columbus and Indianapolis could easily be compared if someone had job offers in all three.

That being said,I am really starting to wonder how high cost of living will get in the desirabel areas of DFW before the negatives start to outweigh the positives to choosing a cheaper yet still bustling metro like a Colombus or Indianapolis.

Columbus and Indy aren’t exactly “bustling”. I could see running the comp if you had offers in all three. DFW would probably still edge based on the fact that future professional growth is likely far more realistic.

Oh. And SNOW.

[NP78]

Originally Posted by CREW747

I see your point about the actual metro size.The cities of Columbus and Indianapolis are close to 1 million people each in population.While the metro areas are obviously smaller,it seems that job availability and salaries are close to DFW levels.Both have strong suburbs.Comparing a much smaller city like DesMoines to Dallas would be off base,yes.Columbus and Indianapolis could easily be compared if someone had job offers in all three.

That being said,I am starting to wonder how high cost of living will get in the desirable areas of DFW before the negatives start to outweigh the positives to choosing a cheaper yet still bustling metro like a Columbus or Indianapolis.

They really aren't comparable. I am not saying one is better than the other (I kind of like Columbus personally), but there is no realistic way that Columbus and DFW are comparable metros. I spent a significant portion of my career with an organization based in Columbus and I know the area relatively well even though I never resided there. It is just such a massively smaller scale than DFW. Economically, culturally, etc.

IMO, you do pose what I view to be a key question: Where is all this revenue going? The follow-up question is even more important: what happens when the entities receiving tax revenue cannot count on huge annual increases in revenue?

[yjc281]

Originally Posted by CREW747

DFW Total Home Tax Topped $10 Billion in 2017

https://www.dallasnews.com/business/...0-billion-2017


Then this...

https://www.dallasnews.com/business/...robably-peaked


I am starting to wonder what will happen with the Property tax situation here in the DFW area.Are prices finally peaking?I do not support the state of Texas viewing homeowners as cash registers with no limit.Where is all of this revenue going?The increases in most DFW home value assesments have been astronomical over the past decade.We have tons of tollroads and a high sales tax as well.I feel like not having a state income tax no longer makes choosing the DFW area over other areas as appealing as it once was. Can this area justify these higher property tax bills and rapidly increasing cost of living long-term?Topography and location cetainly is not bere as that extra justification.Places like the Colombus and Indianapolis metro areas (amongst others) offer similar standards of living for less.What will make DFW a destination that people flock to in the furure?

I don't like high property taxes either and do not think it makes sense to grow so rapidly. I'm really hoping that higher interest rates will slow down the price increase. However I still prefer not having state income taxes vs sales and property taxes. The thing is that sales and property taxes are something we have some level of control(we can choose to buy less housing, less luxury items, less iPhones, iPads...etc, and we can choose to waste more of our time by not using toll roads.) Income taxes are something we have little to no control whatsoever. (unless you ask your boss to lower your salary every year or if you are self-employed and can manage your own "salary".) As to Indianapolis or Columbus they are simply not comparable.... Houston, LA, Philadelphia may be more comparable. However those places are not cheaper in terms of total sales+propery+income taxes. (maybe Houston could be cheaper but I don't like Hurricanes...)

[biscuit_head]

Originally Posted by CREW747

I see your point about the actual metro size.The cities of Columbus and Indianapolis are close to 1 million people each in population.While the metro areas are obviously smaller,it seems that job availability and salaries are close to DFW levels.Both have strong suburbs.Comparing a much smaller city like DesMoines to Dallas would be off base,yes.Columbus and Indianapolis could easily be compared if someone had job offers in all three.

That being said,I am starting to wonder how high cost of living will get in the desirable areas of DFW before the negatives start to outweigh the positives to choosing a cheaper yet still bustling metro like a Columbus or Indianapolis.

There is far more job availability in the much larger metro area of Dallas-Ft. Worth compared to mid-sized metros such as Columbus or Indianapolis. Bad comparison. DFW competes with bustling metros areas such as Houston, Phoenix, and Atlanta, all of which fall into the population range of 4.5-6.8 Million people or so. And neither C-Bus nor Indy are "bustling" in comparison to DFW and its peer metro areas due to the fact that the sunbelt is booming far more than the midwest and because Snow. Everyone doesn't want to live in four-season climates.

[MurphyPl1]

If you don't know that the property tax revenue is going to city, county, community college and school district then why haven't you been paying attention before now?

[CREW747]

Originally Posted by MurphyPl1

If you don't know that the property tax revenue is going to city, county, community college and school district then why haven't you been paying attention before now?

Since the heavy annual increases have started,property taxe rates have been the same here in Collin County.Where is the surplus going and what will happen when those annual increases slow?