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Noah Smith 🐇
@Noahpinion
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Joseph Kahn
@JosephKahn
4 years of living in Texas and I've come to the conclusion that the no state income tax thing is basically a scam. The property taxes are so high that they negate any savings. We are still paying as many taxes in Texas as we would in California. You save on gas I guess.
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HeWhoShallBeRedacted
@redacted2014
Honestly, I'd rather have higher income taxes and no property taxes than vice versa. Not only is it more efficient, it's fairer because you don't keep paying the tax on the things you own.
784
Locomotion
@AndrewZ60494543
Is it wrong that I actually think property taxes make more sense than income taxes? The whole system of property relies on the government to make sure what you own doesn’t get stolen or illegitimately claimed by somebody else. Income otoh is way less dependent on government.
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Will Fuqua
@WilliamRFuqua
This very much applies to the MA to NH move. Only makes sense if your house in NH is worth less or you make A LOT of money. Otherwise the property taxes will bury you.
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James Moody
@GodlessLib_CB
Meh, would be better to have income taxes for the rich (YMMV) and the Texas property tax for everyone else. It keeps the housing market normal while also keeping the system progressive.
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Scribbles
@Scribbles646
If you think about it long enough, the taxes in Texas are actually kind of progressive in a way. With landowners, particularly those with high asset values, paying the most state level taxes.
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Corelius
@CoreliusTheLame
We briefly looked into moving there for CA and came to the same conclusion. Austin itself has special additional property taxes too
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Justin Loe
@JustinALoe
The good news is that since housing in Houston didn't factor in the flood plain, one has a decent probability of being underwater when the next hurricane rolls in. (unless one is careful to factor that in when purchasing a house)
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Link Maxwell
@LnkMxwl
I like my property tax bill better than my income tax calculations. The county sends me a letter saying "pay us *amount*" and gives me an envelope to write a check & mail it back to them. No going online and filling out calculation boxes, just a single damn total.
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Blue
@Blueelectron4
The only reason California transplants feel like they "pay less in taxes" is the cost of living is lower in Texas. Once you account for the cost of living difference, you pretty much pay the same taxes no matter where you live.
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donnie
@PhightCo
more accurate
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Craig Lawrence
@clawrence
Replying to @JosephKahn
Not my experience at all. My property taxes in TX are about equal to what I paid in CA - higher rate in TX, but lower property value, so it ended up a wash. With no state income tax, I’m way ahead on taxes here in TX.
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Jason
@JasonWilsonFL
I kinda think this is bullshit. Could be wrong, but Texas property tax is ~2.9% and property values way lower than much of California.
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seriouslynoway
@immostlyreading
If state allows more housing (the case for Texas) your property value are likely to stay more stable long term. In CA it's all artificial, you are lucky if you bought something 5-10 years ago, but you are going to hit back by a crazy price, new tax base, etc. if you decided to
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Bard Borker
@BardBorker
You should check Washington. No income tax and lowest property tax of any state I lived in. Sales tax a few percent higher.
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