thinking about moving from Southern California to Austin... traffic? that's cute... Price? $400k ? sounds like a deal to me. Homeless people? Totally used to it.. not sure about this UT yet...
I can get double the distance in 20 minutes in Austin than I can in Salt Lake City. Sounds solid, I'm here for it. Plus housing costs are similar, wages are similar, job prospects are better. That's it I'm coming to Texas. My mom and grandma were born there too!
I’m really glad you brought up the property tax issue. I was flabbergasted to learn that in LA the property tax rate is .78% vs. 2.21% for Austin! Now while CA has personal income tax and Texas doesn’t, 1% of your income (say $100,000) is a heck of a lot less than 1% of $400,000. What’s interesting is people look at Texas as a “lower tax” state, it’s not actually true. The difference is in how each state taxes it’s residents. Definitely something to consider.
Thank you! I try to convey this on all my videos when we compare prices. Property tax virtually wipes out the affordability. Although homes can be cheaper.
Well, reach out if you have more questions. Really the are only 3 downsides. Higher property taxes, Traffic, and summer heat. Yet, it’s probably the best City In Texas.
@@frankdiaz6578 You are acting like you were the first settler in america that claimed Austin, and built a wall. Remember all those freedoms that you brag about? Everyone else has that same freedom to move where they want! And typically when you tell someone not to do something, it makes them want to do it more - Psychology 101.
There are so many great church’s in Austin. A newer one just opened in N Austin that is primarily a young base. Very cool church! Austin is a really great place for young people!
Jeremy you have one of the most honest and real videos regarding Austin I have seen since 2018. Buda is just as expensive as Austin. You just ruined peoples lives by signaling Pflugerville, which used to be a nice quiet place, thanks a lot Jeremy. Just messing with ya. Really, I appreciate your honesty about Austin and as a former resident I can confirm everything you said is true. I actually got a throat infection when I first ate at Whataburger when I first moved to Austin. It was the last time I ate there as well. Now, here is the most important thing you must know before moving to Austin. Austin is in financial crisis, Austin’s financial problems stem mostly from unfunded retirement obligations that have accumulated over the years. Of the $9.4 billion in retirement benefits promised, the city has not funded $2.9 billion in pension and $2.4 billion in retiree health care benefits. Furthermore, Austin did not have enough money set aside to weather the current pandemic and fluctuations in the market. The city is expected to lose some revenue as a result of the pandemic and its impossible to determine how much they will need to maintain services and benefits. Austin had $4.3 billion available to pay $6.4 billion worth of bills. Austin's financial position worsened by more than 100 percent or $1.1 billion mostly because the city's pension plans experienced investment losses and reduced the discount rate used to estimate plan liabilities. And yet there are still people moving there in droves. Shows you how irrational the wisdom of crowds really is and also nobody reads their city's financials. Remember, what a city owes, will be taken out of your hide, and as of this writing Jeremy, the city of Austin needs to divest you of $7,600 to pay its bills. Good luck brother.
Austin has tough traffic and high housing costs.Transplants might consider (New Braunfels, Canyon Lake area, San Marcos, Wimberly). Work from home makes these work better. Check out Veramendi master planned community in New Braunfels. Float the Comal & Guadalupe Rivers. Catch concerts in Gruene; try restaurants in downtown New Braunfels.
@@JeremyAKnight Then you are the perfect candidate to help me! SD, Austin and Miami are my 3 best candidates for relocating. I was born and raised in Italy, spent the last 10 years in Wisconsin and now I am done with the winters here. Where do I go???
I’m looking to move from Ireland to settle in Austin, would you know of where I contact or who I could contact to get the right information about changing over my trade card to USA trade card.
A lot of ppl from nyc thinking of Austin in these comments . So am I . I’m tired of nyc and definitely was considering Kyle or buda . Looks like a lot of ppl have the same idea but I noticed not to many jobs . I wonder how’s the nightlife
I have a video coming out Tuesday talking about Kyle and Buda. Stay tuned. Depending on the field you are in, there are jobs in Kyle/Buda. Most people commute to Austin for work. There is a lot of outdoor fun in K/B in Bars and Restaurants. I posted a video on why Austin is the best City. A lot of that video compares to B/K.
I have a video coming out Tuesday talking about Kyle and Buda. Stay tuned. Depending on the field you are in, there are jobs in Kyle/Buda. Most people commute to Austin for work. There is a lot of outdoor fun in K/B in Bars and Restaurants. I posted a video on why Austin is the best City. A lot of that video compares to B/K.
I have a video coming out Tuesday talking about Kyle and Buda. Stay tuned. Depending on the field you are in, there are jobs in Kyle/Buda. Most people commute to Austin for work. There is a lot of outdoor fun in K/B in Bars and Restaurants. I posted a video on why Austin is the best City. A lot of that video compares to B/K.
@Roy Sanderfer Out of staters have the same problems like immigrants. They just won't assimilate, but keep holding on to the baggage they came in with.
Unfortunately, Austin is not anymore such a nice city as it used to be. On top of that, I have been looking to buy a house, and it’s nearly imposible at this point with an average salary, besides they were asking 3,027% for property tax. On a $400k house that’s $12k a year just for property taxes, and salaries are not high at all. Moving out very soon.
You can’t find anything in the outskirts either for anything under 500k in the area. Haha circle C for 500k, I wish. I looked in that area could find anything, most thing ms were 750k not accounting for the bid war. I just bought my home for a crazy amount. I was being outbid every time by 100k-200k over my offers that were already over asking. Expect to pay 500k-750k for a decent home in a state without major repairs. Just had a friend pay 450k for a flooded home.
Water Burger really does suck. Like... East coast has Shake Shack and West coast has In n' Out. Whataburger cannot compare and I lived in TX most of my life lmao.
The food in Austin is Sooooo good! lol he said it was just ok..not true! lol plus it's a blast to live in ATX but don't move here! lol I can't deal with anymore traffic!
Jeremy Knight Your Moving To Austin Texas Guide Better be at La BBQ lol the rest is all hype yes even Micklethwait Craft Meats before you go that rout 😅 . But if BBQ is all you eat you must be shitting smoke ring turds 💩.
Traffic can’t be any worse than where I live just outside of Manhattan lol. And housing is still MUCH cheaper. So far the cons of Austin still seem like perks 😂
Haha! I lived in San Diego for a long time and Austin is very different. People are much nicer, and the overall culture is amazing. While Austin does struggle with Big City Issues, I'd take it over LA or SD any day. But the weather can be rough.
“Thru out the year the weather is quite nice, usually around the 70” Stop da cappp it’s bipolar,one minute it’s 100 the other min it’s raining . “There’s quite a few homeless ppl” THERES ALOTT like in da Austin public library there’s camping tents were homeless ppl stay at , under & near the bridges there’s lots more especially in downtown , i live in the 78744 área Nd when I go to heb there’s sum in the middle of da road , But they don’t rlly bother anyone Nd most of em have their camping tents
I lived there in 1998 & learned: It's impossible to park downtown. Housing is expensive. I-35 is slower than a glacier during rush hour. I know 2 people who have lived there 40+ years & they said it's gotten worse. I don't know, I drive around Austin now when I go to the Hill Country. The toll road saves me 2 hours at least.
@@JeremyAKnight that is still so much cheaper than my neighborhood in LA. I have friends that just bought a home for 1 mil and I don't think it's even worth that. It's getting crazy out here in CA.
YES PEOPLE MOVE TO AUSTIN !!! Way better than LA which is 20 min to MALIBU, 1 hr to SB. AUSTIN so nice next to BUDAH, better than LA 1 hr 15 min to BIG BEAR. AUSTIN better 30 min to BASTROP, not LA 2 hrs to San Diego. AUSTIN BETTER 1 hr to Fiesta Taco Texas in San Tonio, NOT LA that has Hollywood , Universal Studios and Disneyland. Fiesta TACOS is better. Austin has way better ski resorts, not us. We only have TAHOE and MAMMOTH......not good. TEXAS has great beaches with brown water. Not us, we only have Monterey/Carmel and San Simeon, Ventura, Big Sur all not that great like TEXAS BROWN WATER.
I have no comments at this time. Check with me later, and maybe I would have visited Austin, but probably would never step foot in there. For all I know Texas could be a shithole, and especially Austin...lol...just kidding.
PROPERTY TAXES.... Texas = 1.83% of assessed value. California = 1.0% of assessed value. *****PROP 13 ADVANTAGE**** Prop 13 says your purchase price REMAINS your ASSESSED VALUE for as long as you own your home. That 'assessment' can only be increased 2% per year MAX... Example, I bought my home 15 years ago for $425,000 today it is worth $880,000.. I pay property taxes on that original $425,000 x 1.% = $4,250 in Texas, I would be paying 1.83% on $880,000 = $16,104. In the next 8 to 10 years my house will go over $1.2 million dollars in value. Texas taxes = $1,200,000 x 1.83% = $21,960 per year ( = $1830 PER MONTH IN PROPERTY TAXES ALONE...?? REALLY???))... In California my "BASIS" remains $425,000 (plus a MAXIMUM increase of 2% per year) I might be paying $5,800 (about $483 per month) in taxes on a $1.2 million dollar home. The reason taxpayers in California passed Prop 13, is that long time home owners.. like senior citizens were being TAXED OUT of their own homes...
@@howellwong11 So.. basically the Texas Government can bankrupt all of its property owners, simply by assessing their property to 'whatever' level they like, and tax you at whatever rate they want...?
Yes property taxes go up a lot every single year for no reason! its ridiculous! They say your home is worth a lot more every year even though it's not!
Everything is relative. Coming from MI with 12" of snow overnight and weeks on end of -10 degree polar vortex Austin is a paradise.
I don't envy 12" of snow
@@JeremyAKnight along with hwy accidents that cause miles of traffic back ups. So I've already bought my lot in Austin to build on. :)
Wait til you see I35 :)
@@JeremyAKnight Heat is no problem. I just don't like when I can't see from icicles on my eyelashes.
That doesn’t sound fun!
Even though the traffic in Austin can be pretty bad sometimes, Austin is still a wonderful place to live.
Thanks for the comment. Yes, it's still a great place.
As a austin native born and raised will you please move back to where you came from and stop inviting your friends to come as well
Austin traffic is a breeze compared to portland, or.
Justin Sims really? debating on moving to Austin or Dallas from Portland I’m these next two months
@@frankdiaz6578 exactly too many transplants that make austin prices go up
thinking about moving from Southern California to Austin... traffic? that's cute... Price? $400k ? sounds like a deal to me. Homeless people? Totally used to it.. not sure about this UT yet...
I moved from SD to Austin. Best move ever!
@@JeremyAKnight I'm born and raised Orange County, never thought I would consider moving to Texas but Austin sounds pretty amazing 😍
Molly Shigeta crazy right! You aren’t the only one! Good thing is Texas has beaches... 🤗
Same here.
Jeremy Knight Your Moving To Austin Texas Guide any advice ? Planning do same with my family, From LA area
I can get double the distance in 20 minutes in Austin than I can in Salt Lake City. Sounds solid, I'm here for it. Plus housing costs are similar, wages are similar, job prospects are better. That's it I'm coming to Texas. My mom and grandma were born there too!
Yeah grew up saying “waterburger” and it was probably my early 20’s someone pointed out it’s what-a-burger. All of us Texans were like ....👀wut 🤯😫
Haha!
I’m really glad you brought up the property tax issue. I was flabbergasted to learn that in LA the property tax rate is .78% vs. 2.21% for Austin! Now while CA has personal income tax and Texas doesn’t, 1% of your income (say $100,000) is a heck of a lot less than 1% of $400,000. What’s interesting is people look at Texas as a “lower tax” state, it’s not actually true. The difference is in how each state taxes it’s residents. Definitely something to consider.
Thank you! I try to convey this on all my videos when we compare prices. Property tax virtually wipes out the affordability. Although homes can be cheaper.
I’m a registered nurse interested in moving to Austin. I hear more good than bad things about it
Well, reach out if you have more questions. Really the are only 3 downsides. Higher property taxes, Traffic, and summer heat. Yet, it’s probably the best City In Texas.
Stay where you are please! We're tired of people wanting to move here! You non natives are ruining our city!
Frank your comments are unnecessary.
@@JeremyAKnight you moving to austin and inviting your friends and family is unnecessary
Dont vote Democrat texas will always be a red Christian state
Wow I was trying to motivate myself to move to Austin and now I’m rethinking... :/
Desi Vegan Traveler watch my. Reasons people are moving to Austin.
Don't ever believe what you see on the internet 100% as a experience, make up your mind by visiting in person.
Please dont move here! We're at full capacity! We dont want you here! - austin native
@@frankdiaz6578 You are acting like you were the first settler in america that claimed Austin, and built a wall. Remember all those freedoms that you brag about? Everyone else has that same freedom to move where they want! And typically when you tell someone not to do something, it makes them want to do it more - Psychology 101.
I wouldn't do it
My family is looking to move here.
SuperSpeedyBryce let me know what we can do to help! We generally help 25+ new fo Austin clients a year.
I'd rather move Houston. Maybe austin idk yet
Omg I was so set on Austin. I'm from NY and need to move to a 30ish age range single and great Christian churches and not the midwest hahah
There are so many great church’s in Austin. A newer one just opened in N Austin that is primarily a young base. Very cool church!
Austin is a really great place for young people!
Are you going to vote Republican or Democrat?
Most honest review of Austin - but I love it here
Billy Mars thanks!
I've never seen my taxes go down. Always up! Good point.
Plus I am extremely quirky and need to meet cool new ppl and friends
Then Austin is a great spot!
Austin is paradise compared to LA
Let’s hope it stays that way.
Jeremy you have one of the most honest and real videos regarding Austin I have seen since 2018. Buda is just as expensive as Austin. You just ruined peoples lives by signaling Pflugerville, which used to be a nice quiet place, thanks a lot Jeremy. Just messing with ya. Really, I appreciate your honesty about Austin and as a former resident I can confirm everything you said is true. I actually got a throat infection when I first ate at Whataburger when I first moved to Austin. It was the last time I ate there as well. Now, here is the most important thing you must know before moving to Austin. Austin is in financial crisis, Austin’s financial problems stem mostly from unfunded retirement obligations that have accumulated over the years. Of the $9.4 billion in retirement benefits promised, the city has not funded $2.9 billion in pension and $2.4 billion in retiree health care benefits. Furthermore, Austin did not have enough money set aside to weather the current pandemic and fluctuations in the market. The city is expected to lose some revenue as a result of the pandemic and its impossible to determine how much they will need to maintain services and benefits. Austin had $4.3 billion available to pay $6.4 billion worth of bills. Austin's financial position worsened by more than 100 percent or $1.1 billion mostly because the city's pension plans experienced investment losses and reduced the discount rate used to estimate plan liabilities. And yet there are still people moving there in droves. Shows you how irrational the wisdom of crowds really is and also nobody reads their city's financials. Remember, what a city owes, will be taken out of your hide, and as of this writing Jeremy, the city of Austin needs to divest you of $7,600 to pay its bills. Good luck brother.
Wow! Thank you! It’s a lot of work making these videos. And all I want to do is be honest with people! Thanks again!
most TX cities have huge unfunded pension and other liabilities, it's a mess, Dallas has real issue
@@michaelsix9684 very true. The only popular Texas city that has a balanced budget is Plano, but all the big ones, like you said it’s a mess.
Austin traffic is a breeze compared to Houston
Yeah. You gotta be crazy to want to drive around Houston 🤣
@@JeremyAKnight for real😂
Agreed 100%
Are there any pros to move to Austin? Thanks for the video
Absolutely! Beautiful landscape, great family city, Capitol, and best city in Texas.
Awesome thank you for the information!
@@brendavasquez1720 stay there please .. traffic sucks here so bad..
I just posted a video on reasons Austin is the best!
No, I haven't seen any.
loved the vid
Thanks!
Jason!
You're the man
Wife and I looking to move near here from northern jersey
What area are you looking? I have a video dropping today with cities outside of Austin.
Jeremy A. Knight anywhere from Waco to Victoria. I can’t wait to see your new video!! I’ll sure to watch!
Please dont! Stay where you are!
Thank you!
@@frankdiaz6578 your comment is rude and unnecessary. your a troll.
What would rental apartments around Downtown Austin cost? I was thinking of moving there from NYC and wanted to plan beforehand. Love the video!
Taslim Mohammed hey! Thank you! It depends. I’ve seen 1 bed with view of river for $1800 mo. $1500 would get you Downtown.
You can live 2 miles away from DT (walking distance) for $1400-2000. Go 10+ miles out $1000-1200. Live downtown expect $1500-3000
How dare you talk down on Whataburger! You must be from Cali
I’m looking at moving here from the uk after college
You’ll love Austin!
Jeremy Knight Your Moving To Austin Texas Guide I hope so, it looks amazing. And the weather 🎉🥵
Austin has tough traffic and high housing costs.Transplants might consider (New Braunfels, Canyon Lake area, San Marcos, Wimberly). Work from home makes these work better. Check out Veramendi master planned community in New Braunfels. Float the Comal & Guadalupe Rivers. Catch concerts in Gruene; try restaurants in downtown New Braunfels.
Traffic can't be as bad as Miami, right?
It’s not good lol! I’ve only been to Miami once. But lived in SD. It can get pretty bad.
@@JeremyAKnight Then you are the perfect candidate to help me! SD, Austin and Miami are my 3 best candidates for relocating. I was born and raised in Italy, spent the last 10 years in Wisconsin and now I am done with the winters here.
Where do I go???
I’m looking to move from Ireland to settle in Austin, would you know of where I contact or who I could contact to get the right information about changing over my trade card to USA trade card.
bmw f30 What is a trade card?
Stay in ireland
A lot of ppl from nyc thinking of Austin in these comments . So am I . I’m tired of nyc and definitely was considering Kyle or buda . Looks like a lot of ppl have the same idea but I noticed not to many jobs . I wonder how’s the nightlife
I have a video coming out Tuesday talking about Kyle and Buda. Stay tuned. Depending on the field you are in, there are jobs in Kyle/Buda. Most people commute to Austin for work. There is a lot of outdoor fun in K/B in Bars and Restaurants. I posted a video on why Austin is the best City. A lot of that video compares to B/K.
I have a video coming out Tuesday talking about Kyle and Buda. Stay tuned. Depending on the field you are in, there are jobs in Kyle/Buda. Most people commute to Austin for work. There is a lot of outdoor fun in K/B in Bars and Restaurants. I posted a video on why Austin is the best City. A lot of that video compares to B/K.
I have a video coming out Tuesday talking about Kyle and Buda. Stay tuned. Depending on the field you are in, there are jobs in Kyle/Buda. Most people commute to Austin for work. There is a lot of outdoor fun in K/B in Bars and Restaurants. I posted a video on why Austin is the best City. A lot of that video compares to B/K.
@Roy Sanderfer Out of staters have the same problems like immigrants. They just won't assimilate, but keep holding on to the baggage they came in with.
Kyle or Buda is small and full of people with money. A good drive if you work in Austin.
You can buy your home cash but you will never really own it because of unconstitutional property taxes. Banks own your home.
That’s in every state that has property taxes. Texas just happens to have more expensive Property Taxes.
Unfortunately, Austin is not anymore such a nice city as it used to be. On top of that, I have been looking to buy a house, and it’s nearly imposible at this point with an average salary, besides they were asking 3,027% for property tax. On a $400k house that’s $12k a year just for property taxes, and salaries are not high at all. Moving out very soon.
You’re not wrong. I talk about this all the time in my videos.
Jeremy Knight Your Moving To Austin Texas Guide but can’t you deduct property taxes on federal income return?
@@brandonneil5030 I understand it's possible. Verify the tax laws. But I am from India 🇮🇳
You can’t find anything in the outskirts either for anything under 500k in the area. Haha circle C for 500k, I wish. I looked in that area could find anything, most thing ms were 750k not accounting for the bid war. I just bought my home for a crazy amount. I was being outbid every time by 100k-200k over my offers that were already over asking. Expect to pay 500k-750k for a decent home in a state without major repairs. Just had a friend pay 450k for a flooded home.
Yup. Prices are crazy now.
Why is he standing next to a graphic that says $384k and reading it as “four hundred thousand”
Cratemoving Sale the market is moving so fast that the graphics can’t keep up.
Water Burger really does suck. Like... East coast has Shake Shack and West coast has In n' Out. Whataburger cannot compare and I lived in TX most of my life lmao.
Hey. Oahu Hawaii was much worse re traffic. Maui was not bad
Traffic is worse in NYC, Boston and LA
Interesting. It’s still not good either.
Can you please tell me how much is the car registration fee in Austin Texas🙏🏻🙏🏻? Small 4 doors lol 😊 thank you
Cheaper than California!
Hey! I love Whataburger Chicken Strips with Gravey!
I love waterburgers
It’s no In N Out 😆
@@JeremyAKnight so if you don't like whataburguer nither tacos .. What do You like ?? or what is the best food for you fat gringo???
How about waterbugs?
Thanks to this video I will never move to Austin. I'll invest in rental real estate instead ;)
The food in Austin is Sooooo good! lol he said it was just ok..not true! lol plus it's a blast to live in ATX but don't move here! lol I can't deal with anymore traffic!
Sarah Carr 🤣 the BBQ is amazing!
Jeremy Knight Your Moving To Austin Texas Guide lol yesss! 😋
Real boxing Fan1 right!
Real boxing Fan1 Id say it’s better than ok! For me at least! 😌
There are a lot of good places to eat. But the BBQ is untouchable! IMO.
Moving to Austin from Cali this November! I’m a frequent visitor to Austin. Don’t worry Texans I don’t vote Blue. Lol
Welcome!
So what is it that you eat if not tacos and Whataburger ? 🤣
BBQ!
Jeremy Knight Your Moving To Austin Texas Guide Better be at La BBQ lol the rest is all hype yes even Micklethwait Craft Meats before you go that rout 😅 . But if BBQ is all you eat you must be shitting smoke ring turds 💩.
Valentina’s is legit.
Jeremy Knight Your Moving To Austin Texas Guide yes it is 🥳 but you gotta park in a damn liquor store parking lot
irob not the new location.
Austin has the best food
Traffic can’t be any worse than where I live just outside of Manhattan lol. And housing is still MUCH cheaper. So far the cons of Austin still seem like perks 😂
So this is LA with worse weather ?
Haha! I lived in San Diego for a long time and Austin is very different. People are much nicer, and the overall culture is amazing. While Austin does struggle with Big City Issues, I'd take it over LA or SD any day. But the weather can be rough.
Yes, so stay where you are or go to LA.
owleyes 11 😍
“Thru out the year the weather is quite nice, usually around the 70” Stop da cappp it’s bipolar,one minute it’s 100 the other min it’s raining . “There’s quite a few homeless ppl” THERES ALOTT like in da Austin public library there’s camping tents were homeless ppl stay at , under & near the bridges there’s lots more especially in downtown , i live in the 78744 área Nd when I go to heb there’s sum in the middle of da road , But they don’t rlly bother anyone Nd most of em have their camping tents
I lived there in 1998 & learned: It's impossible to park downtown. Housing is expensive. I-35 is slower than a glacier during rush hour. I know 2 people who have lived there 40+ years & they said it's gotten worse. I don't know, I drive around Austin now when I go to the Hill Country. The toll road saves me 2 hours at least.
That is cheap :) Hi form NYC :)
Austin isn’t as cheap, but overall way cheaper than NY!
we don't need more traffic .. stay there please..
Hahaha 400k medium price...I laugh because that is not high if you are moving from LA.
It’s now $518k
@@JeremyAKnight that is still so much cheaper than my neighborhood in LA. I have friends that just bought a home for 1 mil and I don't think it's even worth that. It's getting crazy out here in CA.
YES PEOPLE MOVE TO AUSTIN !!! Way better than LA which is 20 min to MALIBU, 1 hr to SB. AUSTIN so nice next to BUDAH, better than LA 1 hr 15 min to BIG BEAR. AUSTIN better 30 min to BASTROP, not LA 2 hrs to San Diego. AUSTIN BETTER 1 hr to Fiesta Taco Texas in San Tonio, NOT LA that has Hollywood , Universal Studios and Disneyland. Fiesta TACOS is better. Austin has way better ski resorts, not us. We only have TAHOE and MAMMOTH......not good. TEXAS has great beaches with brown water. Not us, we only have Monterey/Carmel and San Simeon, Ventura, Big Sur all not that great like TEXAS BROWN WATER.
it's really overpriced, overrated now, the cool factor is gone, and not the hip fun place it once was, sad, but I guess progress has its price
LOL 400k look at what you get in Los Angeles for 400k...yea nothing 😂
Property taxes are also 2.3+ vs. .08 in most of California
I have no comments at this time. Check with me later, and maybe I would have visited Austin, but probably would never step foot in there. For all I know Texas could be a shithole, and especially Austin...lol...just kidding.
PROPERTY TAXES.... Texas = 1.83% of assessed value. California = 1.0% of assessed value. *****PROP 13 ADVANTAGE**** Prop 13 says your purchase price REMAINS your ASSESSED VALUE for as long as you own your home. That 'assessment' can only be increased 2% per year MAX... Example, I bought my home 15 years ago for $425,000 today it is worth $880,000.. I pay property taxes on that original $425,000 x 1.% = $4,250 in Texas, I would be paying 1.83% on $880,000 = $16,104. In the next 8 to 10 years my house will go over $1.2 million dollars in value.
Texas taxes = $1,200,000 x 1.83% = $21,960 per year ( = $1830 PER MONTH IN PROPERTY TAXES ALONE...?? REALLY???))... In California my "BASIS" remains $425,000 (plus a MAXIMUM increase of 2% per year) I might be paying $5,800 (about $483 per month) in taxes on a $1.2 million dollar home.
The reason taxpayers in California passed Prop 13, is that long time home owners.. like senior citizens were being TAXED OUT of their own homes...
Most of Austin is 2.21%. And most cities are higher. So your math is off. But the point is still the same. Yet, you are paying much higher income tax.
@@JeremyAKnight True State income tax is a bit higher, but my income is not likely to double to triple, like my home will.
Yes, I love to have Prop 13 in Texas, but where else would we get money to run the government.
@@howellwong11 So.. basically the Texas Government can bankrupt all of its property owners, simply by assessing their property to 'whatever' level they like, and tax you at whatever rate they want...?
Yes property taxes go up a lot every single year for no reason! its ridiculous! They say your home is worth a lot more every year even though it's not!