Re:Ask HN: How does Austin, TX compare to other tech cities?
by FellowTraveler on Tuesday July 09, 2013 @10:27PM
(#6017093)
Austin is a cool town, but the property taxes are between 2 and 3% (per year.)
That means if you buy a normal house worth about $400K, you will pay an additional 11K per year in property tax, which is a little less than a grand per month.
Hopefully they will eliminate this horrible system, which favors rich people. Some might say, "Well it's better than an income tax" but I think if you asked Thomas Jefferson about the matter he would say that neither is morally acceptable.
That means if you buy a normal house worth about $400K, you will pay an additional 11K per year in property tax, which is a little less than a grand per month.
Hopefully they will eliminate this horrible system, which favors rich people. Some might say, "Well it's better than an income tax" but I think if you asked Thomas Jefferson about the matter he would say that neither is morally acceptable.