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Old 09-08-2007, 11:30 AM
 
Location: WA
4,067 posts, read 13,372,339 times
Reputation: 2954

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Quote:
Originally Posted by Bike4Life View Post
There is no such thing as zero taxes because then it wouldn't exist. Besides, questioning about taxes is utterly meaningless. If you don't pay taxes though this, then you will pay taxes through that. Lots of people complain about taxes they see what they are paying but almost never say anything about hidden taxes or even be thankful that they don't have to pay other taxes. It's vanity.
It is true that you will pay taxes one way or another but the thing that makes property taxes so insidious is the fact they go up with property value appraisals... steadily and quietly with no votes or discussion.

Taxes on my place in Texas in ten years were four times the amount they were when I bought! I promise you my income did not go up a fraction of that amount... it was one of the reasons I left the state.
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Old 09-08-2007, 11:53 AM
 
1,890 posts, read 3,684,114 times
Reputation: 1120
Quote:
Originally Posted by cosmicgirl View Post
Does anyone know or have an idea?
Yep I'm a Californian...hee hee
Don't be intimidated by an occasional rude and ignorant response. You ask an important question, since property tax is a major financial burden that should be figured into the cost of owning a house. For example, at 3% it would cost 6K in property tax for a 200K house. If you make 30K a year, that property tax is 20% of your salary. Let's say you have to take a part time job so you can stay home and take care of a family member for a few years. You now make 15K, half as much as you did before. That 6K property tax is now 40% of your new salary. This illustrates that high property taxes can take big chunk out of your salary.

I have asked the same question before, and I have come to the conclusion that states with no income tax and high property taxes are best for people who make good money. A doctor who makes 200K a year and lives in a 300K house would do well in Houston because the money he or she saves in income tax would easily offset the property tax. On the other hand, the no income-tax saving advantage won't be as much help to someone who makes 30K a year and lives in a 150K house.

I am now considering Huntsville, AL. also because of the low income tax (5%) and a very low property tax rate (< 1%) there. Look around and you will find plenty of other choices out there. Good luck.

Last edited by davidt1; 09-08-2007 at 12:05 PM..
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Old 09-08-2007, 12:25 PM
 
Location: Orlando, FL
268 posts, read 1,116,519 times
Reputation: 84
Calculate savings under new tax law | Chron.com - Houston Chronicle (broken link)

Here's a link to one article. It says the lowest school tax is East Chambers ISD and the highest is Katy.
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