Especially here in Texas. I have two acres and a nice house with pool/spa. I pay $14,000 a year in combined property taxes. (which is actually on the low end for a house with land like I have) Even if my house was paid off I’d still have to pay over $1,000 a month. I also pay like $1300 a year into an HOA to pay for street lamps, road maintenance, lake/fountain maintenance, mowing common areas, etc.
Yes and we are fighting high property taxes in Texas. We had good legislation passed last year to cap and would have had more success if we could have kicked Dade Phelan out!
"The New England states have close to 5% property taxes -- 4%+ of the purchase price PER YEAR.
That is just robbery."
Agree, but I live in CT in a house with property valued at just north of $1MM. Properrty tax where I live ~ 75 miles north of NYC is ~$14,000. Therefore, ~ 1.4% of total property value/yr, not 5%. Income tax @ 3- 6.99% and sales tax at 6.35% is brutal.
Some disabled veterans and their surviving spouses can receive a 100% property tax exemption on their primary residence. It obviously doesn't transfer when they both die, but it is there while one of them are alive as long as they own that house as their primary house (homestead).
I can’t stand these different laws for senior citizens. If property taxes are too high for seniors they’re too high for a blue collar worker trying to raise a family.
I see older people like this all the time, so willing to vote for increase taxes for everyone than screaming for special treatment because they’re on a “fixed income”
Especially here in Texas. I have two acres and a nice house with pool/spa. I pay $14,000 a year in combined property taxes. (which is actually on the low end for a house with land like I have) Even if my house was paid off I’d still have to pay over $1,000 a month. I also pay like $1300 a year into an HOA to pay for street lamps, road maintenance, lake/fountain maintenance, mowing common areas, etc.
Yeah, Texas is one of the worst states for property tax.
People say Texas has no state income tax. True, BUT ...
Texas isn't terrible, but still they have a lot of taxes.
The New England states have close to 5% property taxes -- 4%+ of the purchase price PER YEAR.
That is just robbery.
Yes and we are fighting high property taxes in Texas. We had good legislation passed last year to cap and would have had more success if we could have kicked Dade Phelan out!
"The New England states have close to 5% property taxes -- 4%+ of the purchase price PER YEAR.
That is just robbery."
Agree, but I live in CT in a house with property valued at just north of $1MM. Properrty tax where I live ~ 75 miles north of NYC is ~$14,000. Therefore, ~ 1.4% of total property value/yr, not 5%. Income tax @ 3- 6.99% and sales tax at 6.35% is brutal.
EXCEPT for one case: https://texvet.org/propertytax
Some disabled veterans and their surviving spouses can receive a 100% property tax exemption on their primary residence. It obviously doesn't transfer when they both die, but it is there while one of them are alive as long as they own that house as their primary house (homestead).
Over 65 in Ohio you can get a homestead exemption if you live in your home...cuts property taxes in half
I can’t stand these different laws for senior citizens. If property taxes are too high for seniors they’re too high for a blue collar worker trying to raise a family.
I see older people like this all the time, so willing to vote for increase taxes for everyone than screaming for special treatment because they’re on a “fixed income”
That's great for the 0.01%. What about the other 99.99%?
I didn't say it was perfect - just possible.