👇👇👇 Need help with your home search? Let’s chat! 📅 Schedule a FREE Consultation: 9hodycbx8es.ty... 📱 Call or Text: (832) 692-3919 📨 Email: mark@ferrisrealty.com Subscribe & Tap the Bell 🔔 so you don’t miss out on any of my upcoming videos about living in Houston and the North Houston suburbs. Be the first to know about everything happening in this fast-growing area! Mark Archer Houston Realtor | Real Estate License #0735778 Ferris Realty
my taxes are around 5k a year. I have a 2.5% tax rate. I consider it pretty reasonable personally, but I admit, it’s all I know. I paid close attention to my tax rate when searching for the right home/ area so it’s just something you can pay attention to avoid the higher rates.
@@ZsFather thanks for the feedback! Hoping I didn’t go too far into it lol but I found that no other videos in YT really clearly went through all the different aspects of our taxes so I went all in haha
@@newzero1000 so if the house is tax assessed at 1,000,000 and has a 3.5% tax rate, and you don’t file for any exemptions then yes that’s correct. But that’s a pretty rare example tbh. Most million dollar homes actually are in lower tax rate areas believe it or not, especially if there is acreage. And yes I do still believe it’s lower than California taxes given we have no state income tax and most people are not living in million dollar homes. If you just pay attention to the tax rate and choose the home wisely then you can avoid high taxes pretty easy.
California property tax rates are MUCH lower and residents have legal protections enshrined in the California Constitution. Properties are initially assessed at 1% of the purchase price and cannot increase more than 2% annually by law, unlike Houston where I get a 10% increase on my property every year no matter if the market has truly increased.
@@MariaJuarez-oc7zq it’s not a blanket statement or one size fits all tax rate out here. I have family that lives in California. I’ve traveled to California many times. And I’ve helped many families move from California. Believe me, it’s cheaper to live here period. I’m glad your property tax rates are lower, considering your home prices are so incredibly high. I’ll take my 6400 dollar property tax bill any day of the week over the cost of living of California and additional state income taxes. Thanks for sharing your experience
@@MariaJuarez-oc7zq10% is the max if homestead is in place. Also values can be fought if it starts to increase your market value. Glad your property taxes are lower. I’d hope they would he since you have state income taxes.
👇👇👇
Need help with your home search? Let’s chat!
📅 Schedule a FREE Consultation: 9hodycbx8es.ty...
📱 Call or Text: (832) 692-3919
📨 Email: mark@ferrisrealty.com
Subscribe & Tap the Bell 🔔 so you don’t miss out on any of my upcoming videos about living in Houston and the North Houston suburbs. Be the first to know about everything happening in this fast-growing area!
Mark Archer
Houston Realtor | Real Estate License #0735778
Ferris Realty
my taxes are around 5k a year. I have a 2.5% tax rate. I consider it pretty reasonable personally, but I admit, it’s all I know. I paid close attention to my tax rate when searching for the right home/ area so it’s just something you can pay attention to avoid the higher rates.
Very informative!
@@ZsFather thanks for the feedback! Hoping I didn’t go too far into it lol but I found that no other videos in YT really clearly went through all the different aspects of our taxes so I went all in haha
Gee. So for 1 million dollars house, you pay $35,000 tax every year? and you still think California has high tax.
@@newzero1000 so if the house is tax assessed at 1,000,000 and has a 3.5% tax rate, and you don’t file for any exemptions then yes that’s correct. But that’s a pretty rare example tbh. Most million dollar homes actually are in lower tax rate areas believe it or not, especially if there is acreage. And yes I do still believe it’s lower than California taxes given we have no state income tax and most people are not living in million dollar homes. If you just pay attention to the tax rate and choose the home wisely then you can avoid high taxes pretty easy.
California property tax rates are MUCH lower and residents have legal protections enshrined in the California Constitution. Properties are initially assessed at 1% of the purchase price and cannot increase more than 2% annually by law, unlike Houston where I get a 10% increase on my property every year no matter if the market has truly increased.
@@livingnorthhtx No, Texas property rates are much higher than California. See my note on this thread.
@@MariaJuarez-oc7zq it’s not a blanket statement or one size fits all tax rate out here. I have family that lives in California. I’ve traveled to California many times. And I’ve helped many families move from California. Believe me, it’s cheaper to live here period.
I’m glad your property tax rates are lower, considering your home prices are so incredibly high. I’ll take my 6400 dollar property tax bill any day of the week over the cost of living of California and additional state income taxes.
Thanks for sharing your experience
@@MariaJuarez-oc7zq10% is the max if homestead is in place. Also values can be fought if it starts to increase your market value.
Glad your property taxes are lower. I’d hope they would he since you have state income taxes.