What's up with property taxes in TX? (San Antonio, Spring: hardwood floors, countertops)

[Azure110]

So you are asking for reduced rates because you are not as much of a burden? I wish I could do the same since I have no children at all.

You also must understand Texas isn’t a state income state so you picked the wrong state to sit on land and not claim residency.

[ged_782]

Originally Posted by CatTX

What our property tax entity did to us a year ago when my husband turned 65 is raise our assessed value first, and then they applied the "over 65 exemption". So we did NOT get a property tax drop, but we did get the freeze.

Assuming you are in San Antonio, that usually takes a higher-end property that gets an assessed value increase at or near a 10% (the limit for Homesteads), given the additional exemption allowed by most entities. For example, Bexar County allows an additional $50K exemption for seniors, and City of San Antonio $65K. The school districts also allow an additional exemption.


With the above examples, it would take an increased assessment approaching $50K to cause a hike in your tax bill the first year with the Over-65 exemption.

[TexasRedneck]

Originally Posted by StealthRabbit

$20k / yr taxes in TX, so paying my fair share. (with ZERO representation)

Please enjoy the contribution

Okay - whar's mah violin?!?? You want to cry about $20k in taxes, I'm gonna say that you're either overstating or that you're a fool if you don't sell the property. Or, is it that it's property being leased to others and you're STILL making a profit on it (which is fine - but don't whine about the cost of doing business).

[CatTX]

Originally Posted by ged_782

Assuming you are in San Antonio, that usually takes a higher-end property that gets an assessed value increase at or near a 10% (the limit for Homesteads), given the additional exemption allowed by most entities. For example, Bexar County allows an additional $50K exemption for seniors, and City of San Antonio $65K. The school districts also allow an additional exemption.


With the above examples, it would take an increased assessment approaching $50K to cause a hike in your tax bill the first year with the Over-65 exemption.

We're in Kerr County, not Bexar. Modest house (1600 sqf) with just over half an acre. After the assessed value increase we pay about the same as we did before the the increase and the over 65 exemption.

[ged_782]

Originally Posted by CatTX

We're in Kerr County, not Bexar. Modest house (1600 sqf) with just over half an acre. After the assessed value increase we pay about the same as we did before the the increase and the over 65 exemption.

I believe the Over-65 Exemptions are less generous in Kerr County, than they are in Bexar.

[Tall Traveler]

Originally Posted by EscapeFromCalif

Started to look more seriously into Boerne, and it's checking a lot of our boxes. Then I started looking at property taxes. Holy crap! Property taxes of around $7k/year on a $350K place?

I looked into moving back to Texas and the property taxes and insurance on houses is much higher than where we live in Washington state and we also don't have income tax...so it would be a tax disadvantage for us to move to Texas.

There are a lot of different factors to look at when you decide to move somewhere, when one retires as I recently did, property tax becomes a potentially large factor.

[rynetwo]

Originally Posted by Tall Traveler

I looked into moving back to Texas and the property taxes and insurance on houses is much higher than where we live in Washington state and we also don't have income tax...so it would be a tax disadvantage for us to move to Texas.

There are a lot of different factors to look at when you decide to move somewhere, when one retires as I recently did, property tax becomes a potentially large factor.

Idk. This says you might pay more in taxes in WA then TX when the whole picture is looked at...

[Tall Traveler]

Originally Posted by rynetwo

Idk. This says you might pay more in taxes in WA then TX when the whole picture is looked at...

Do you have a link for that? I think everyone should do their own research and reach your own conclusions, that's what I do. I've looked at houses in different areas of Texas including San Antonio and matched as close as possible to my house in Washington state and after factoring property taxes and insurance, it would be far more expensive for me to live in Texas when it comes to housing costs and after factoring our super low utilities, there is just no economic case for us to move back to Texas.

[CatTX]

Originally Posted by ged_782

I believe the Over-65 Exemptions are less generous in Kerr County, than they are in Bexar.

I am not surprised. Everything in Kerr is $$$.

[rynetwo]

Originally Posted by Tall Traveler

Do you have a link for that? I think everyone should do their own research and reach your own conclusions, that's what I do. I've looked at houses in different areas of Texas including San Antonio and matched as close as possible to my house in Washington state and after factoring property taxes and insurance, it would be far more expensive for me to live in Texas when it comes to housing costs and after factoring our super low utilities, there is just no economic case for us to move back to Texas.

Sorry. Thought I included it.

https://opportunitywa.org/tax-founda...ater-april-20/