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Old 08-23-2007, 02:05 PM
 
4 posts, read 57,868 times
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Hi,

I am thinking of moving to Houston, TX but not sure about the property tax is. Some says 2.9% of the appraised value, but some says 3.5
Any idea?

Shihtzu
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Old 08-23-2007, 02:16 PM
 
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Tax rates vary by city and development, but generally you can expect to pay from 2 - 4% of the appraised value in property taxes. Another good guestimate in concluding your total monthly payment is plan to have a total payment (PITI) of roughly 1-1.2% of the purchase price. For instance, on a $150K mortgage, expect to pay anywhere from $1500 - $1800 a month total for principle, interest, taxes & insurance (of course, this will depend on your interest rate, prop taxes and insurance). Older, more established neighborhoods tend to have fewer property taxes as they usually don't have a municiple utility district (MUD). A good real estate agent can explain the nuances of texas property tax issues. Hope this helps.
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Old 08-23-2007, 02:24 PM
 
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Thanks for the reply. I am looking at the resale houses in Sugar Land. For a $300,000 house, how much will that be annually.
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Old 08-23-2007, 03:00 PM
 
19 posts, read 111,094 times
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Quote:
Originally Posted by Shihtzu View Post
Thanks for the reply. I am looking at the resale houses in Sugar Land. For a $300,000 house, how much will that be annually.
Are you working with a realtor? If so, ask them what the tax rate for each house you are looking at is. Otherwise, contact the listing agent and ask them the rate. There is no other way to tell really.
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Old 08-23-2007, 04:14 PM
 
Location: Sugar Land, TX
168 posts, read 558,958 times
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You can look up the tax rates and appraisal values yourself. Go to fbcad.org, enter the address or street you're interested in for the appraisal values and the taxing authorities (MUDs, drainage, etc.) for that property, then back on the first page at the bottom is "tax rates". Fort Bend CAD staff are pretty helpful and you could just call them for info too.

You might notice something saying "homestead exemption". After January 1 you can file for this exemption and save some $$. I posted something last week regarding this exemption in Sugar Land being increased this year. Take a look if you're interested.

FYI, the "appraised value" and the market value of the homes you see will be different. If you get a house for under the appraised value then you're getting a really good deal.

Good luck on the house hunt!
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Old 08-24-2007, 06:32 PM
 
Location: FL/TX Coasts
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check out the property appraiser's site Harris County Appraisal District
Regards,
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Old 07-09-2009, 01:27 PM
 
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is it general true that nicer area will have higher % of property tax whereas ghetto and bad area usually got lower % property tax?
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Old 07-09-2009, 01:31 PM
 
Location: south by midwest
11,398 posts, read 17,530,994 times
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Quote:
Originally Posted by okaythen01 View Post
is it general true that nicer area will have higher % of property tax whereas ghetto and bad area usually got lower % property tax?
It's more of newer vs. older development, not really whether a given area is "bad." When a new subdivision is built, especially on the outer fringe of the metro area where utilities and such have to be extended out to where there was nothing before, a municipal utility district (MUD) gets created which is an additional taxing entity to the county, school district and city if in an incorporated municipality. It's in these places where the taxes reach up toward 4%.

Elsewhere, such as an established neighborhood that already has the necessary infrastructure and has had it for a long time, with a homestead exemption which you can get if you are living on the property, your effective rate will probably be somewhere in the mid-2% range.
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Old 07-09-2009, 01:48 PM
 
Location: The land of sugar... previously Houston and Austin
5,344 posts, read 9,025,386 times
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Depends on the neighborhood. They're all different. You have to check for each home you look at. This should be available on har.com
Though older, established areas are usually less and newer areas are usually more, it's not that black and white. We moved to a newer subdivision and ended up with 2.5% as compared to the 2.8% we had before in an older subdivision. One other area we looked in Sugar Land was about 2.3%. Some areas are over 3.5%. All depends on the neighborhood, how much debt the MUD has or doesn't have, if it's in city limits or just ETJ, etc.
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Old 07-09-2009, 01:48 PM
 
122 posts, read 301,663 times
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Quote:
Originally Posted by Shihtzu View Post
Thanks for the reply. I am looking at the resale houses in Sugar Land. For a $300,000 house, how much will that be annually.
If you look for houses on Har.com there's a link to tax information that show's the appraised value, tax rate, and total yearly taxes for each house.
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