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Re:Intel Honesty by philsnow on Wednesday September 04, 2024 @09:48PM (#41452727)
Back in 2018 I did the math and ended up buying a house in Texas. Table stakes for a 2- or 3-bed shack on the SFBA peninsula was ~$1.5M at the time. At 1%, that's $15k / year in perpetuity to CA. In TX I found an amazing house in the town I was looking at for about $450k, and the property tax on this particular one (every house is in a locality, county, school district, maybe some other domains, and each has their own tax) added up to about 3%, or $13.5k / year.

In addition to being fewer dollarbucks out of my pocket, I had confidence that that money was going to be used closer to my own community.

(All of this is to say nothing of TX having no capital gains tax, which pushed the move from being kind of a wash to being a slam dunk.)

I didn't end up actually moving there for personal reasons, and having done all this analysis makes the California taxes all the harder to stomach.

Re:Intel Honesty by lotsofpulp on Thursday September 05, 2024 @03:44AM (#41454483)
In Washington, the property tax rate is 1% with no income tax.