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Re:Low interest rates in advanced countries have pushed mone... by JamesBarney on Wednesday November 24, 2021 @05:27PM (#29335915)
I think property taxes in Texas are one the biggest reason our house prices have remained somewhat sane.
Re:Low interest rates in advanced countries have pushed mone... by dnautics on Wednesday November 24, 2021 @06:07PM (#29336276)
Am I crazy? My friend owns a house in Sacramento. We (I'm in Texas) compared notes, and our property tax rates are comparable.
Re:Low interest rates in advanced countries have pushed mone... by carom on Wednesday November 24, 2021 @10:27PM (#29337948)
I believe property taxes in Texas can be reevaluated when the value changes while you own the home. In California it is only upon sale.
Re:Low interest rates in advanced countries have pushed mone... by dnautics on Wednesday November 24, 2021 @11:31PM (#29338240)
Oh that makes sense, thank you. In Texas they drive around and reassess your house in the springtime. Which is why all of the improvements to my house will be on the backside! Meanwhile the both of us are very recent homeowners, so the reassessment hasn't happened yet.

I do have a friend that has 100% service-connected disability... And Texas has a 0% property tax for veterans with that categorization. He's thinking about moving

Re:Low interest rates in advanced countries have pushed mone... by mbesto on Wednesday November 24, 2021 @07:40PM (#29336984)
Anecdata: I lived in the bay area and moved to Austin, TX. My tax rate went from ~1.5% to ~2.2%
Re:Low interest rates in advanced countries have pushed mone... by mbesto on Wednesday November 24, 2021 @05:41PM (#29336031)
You clearly haven't been to Austin... there's nothing sane about property values here.
Re:Low interest rates in advanced countries have pushed mone... by JamesBarney on Wednesday November 24, 2021 @06:01PM (#29336212)
It's also the fasting growing city in the nation, and I think it'd be worse if we didn't have a ~3% property tax.

But probably better if they didn't have zoning.

Re:Low interest rates in advanced countries have pushed mone... by naasking on Wednesday November 24, 2021 @06:21PM (#29336385)
Austin is utopia of sanity compared to Toronto where I live.