Why do no state income tax Wyoming and Nevada have such low property tax compared to Texas or Taxas (how much, county)

[lovecrowds]

Seems like Texas is more like Taxas for property tax-lovers.

For instance, in the Casper suburbs in Wyoming a single-family home 2,460 square feet has $1237 property tax bill.

In North Las Vegas a 2,500 square foot home has $1,451 in property tax.

In the Austin suburbs a 2,000 square foot home has $6,447 in property tax

https://www.zillow.com/homes/for_sal...ect/11_zm/3_p/

https://www.zillow.com/homes/for_sal...ect/10_zm/6_p/


https://www.zillow.com/homes/for_sal...ect/10_zm/6_p/

[PedroMartinez]

What are the exact funding mechanisms in each state?

[Catgirl64]

What's with cracking on Texas all of a sudden? Did it turn blue overnight?

[calgirlinnc]

Re: your thread title...Texas also has no state income tax.

Property taxes are high though.

[PedroMartinez]

I’d rather switch to an income tax in Texas in lieu of property taxes.

[desertdetroiter]

Originally Posted by PedroMartinez

I’d rather switch to an income tax in Texas in lieu of property taxes.

Really? You’d be the first Texan I’ve ever heard say that.

[detachable arm]

A lot of people in Texas overbought on Their homes.

[desertdetroiter]

Originally Posted by detachable arm

A lot of people in Texas overbought on Their homes.

That’s not unique to Texas. Hell, half of Arizona and Nevada did the same thing.

[detachable arm]

Originally Posted by desertdetroiter

That’s not unique to Texas. Hell, half of Arizona and Nevada did the same thing.

The point is if you overbought on your home with a paltry income of course you will prefer a state income tax.

[beb0p]

Originally Posted by lovecrowds

Seems like Texas is more like Taxas for property tax-lovers.

For instance, in the Casper suburbs in Wyoming a single-family home 2,460 square feet has $1237 property tax bill.

In North Las Vegas a 2,500 square foot home has $1,451 in property tax.

In the Austin suburbs a 2,000 square foot home has $6,447 in property tax

https://www.zillow.com/homes/for_sal...ect/11_zm/3_p/

https://www.zillow.com/homes/for_sal...ect/10_zm/6_p/


https://www.zillow.com/homes/for_sal...ect/10_zm/6_p/

Neveda has a property tax cap (and also a secondary cap) that limits how much the tax can increase year to year. Last year, some county only saw an 0.2% increase because of this law.

Plus, many properties were reassessed to a much lower value following the housing crash, and this law prevents the government from assessing property value back to the current much higher value. That means many homeowners are still paying property taxes based on 2008-2009 value.

.