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Re:Tesla’s headquarters will move to Austin by refurb on Thursday October 07, 2021 @09:13PM (#28794484)
Good luck finding a million dollar house in the Bay Area.

And TX has a sales tax of 6.25%, while SF is 9.25%.

And no state income tax in TX.

It’s not even close.

Re:Tesla’s headquarters will move to Austin by thebradbain on Thursday October 07, 2021 @09:25PM (#28794581)
That's a state sales tax of 6.25%. Austin and Dallas are at a minimum of 8.25%, for example. Though if you're in a specialized planning district, you can be looking at sales taxes of 10%+.

Cities have their own sales tax. And so can school districts (and they can have their own property taxes, too).

And sure, you're right, there's not much housing under $1M in the Bay Area. That doesn't change the fact that a $1M home in TX still pays about the same in property taxes as a $2M home in SF. Or the fact that in SF your property taxes are essentially frozen at purchase price, and in TX they will increase every year.

Re:Tesla’s headquarters will move to Austin by refurb on Thursday October 07, 2021 @11:55PM (#28795587)
OP was referring to sales taxes in TX in general, not the highest cities, but point taken.

And sure, property taxes for a $1M home in TX is the same as a $2M house in SF, but that's a mansion in TX and a 2 bedroom apartment in SF. You get way more for your money.

And google tells me that TX does cap property tax increases. Not like Prop 13, but we all agree Prop 13 is terrible, right?

And everyone is ignoring the state income tax which is 9.3% in the $60 to $300k bracket (and goes up to 13.3%). So if you’re making $250k, that’s saving of $20k alone, which is about the property tax in TX.

It’s not even a close comparison in terms of the tax burden between the two.

Re:Tesla’s headquarters will move to Austin by 0xBDB on Saturday October 09, 2021 @11:44AM (#28810826)
"Though if you're in a specialized planning district, you can be looking at sales taxes of 10%+"

The maximum cumulative rate by law is 8.25%.

Re:Tesla’s headquarters will move to Austin by kelnos on Thursday October 07, 2021 @11:45PM (#28795523)
No, SF is 8.625%, which is, as a sibling poster mentions, roughly the same (and in places lower) than in Austin.