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.
"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.
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.
"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.