Generally you see very high property taxes when there is no state income tax or a low state income tax. Illinois has a low flat rate state income tax and very high property tax. Texas has no income tax but high property tax. California has very high state income tax rates but low property tax thanks to proposition 13. Since the 1970’s your property tax increase in California is capped at 1% making property taxes very low especially if you bought your home decades ago. That’s crazy that California has the more favorable and reasonable property tax policy compared to Texas.
I used to make jokes about mobile homes, but not anymore - but I now I say that I won't live in a "park". If you have a homestead exemption, Texas properties taxes can be deferred when you reach age 65, with an 8 percent interest accumulating on any portion of the property taxes which are not paid. Deferring taxes is not popular except for properties with relatively low value. The deferred taxes with interest are due at the death of the homeowner or the sale of the property, which means heirs have another probate issue. I think property taxes for persons aged 65 or older should be limited to a 1 percent increase per year, but that would lead to higher property taxes for those under 65. Escalating property taxes have the potential to become city killers as many people will elect to leave the city. Higher taxes will encourage gentrification, which isn't all bad - yet many older people won't be able to afford to remain in their homes.
The upside is cities don't like to foreclose on empty lots. My Father owned an empty lot in South Fort Worth and hadn't paid property taxes in 15 years when he did in 2005 but the city never foreclosed. I ignored it in probate because I did not want to have to deal with it. It has now been 32 years and the city still has not foreclosed. But the lot has not gone to waste, the next door neighbor fenced it into his backyard and has a nice big free backyard because of it.
Property taxes should be the purchase price you buy at, you buy for 50,000.,taxed at 100,000., sell at 80,000., it's worth 80 tax man owes you for the 20,000 over payment.
Actually California has very low property taxes and the rates are incredibly low compared to Texas. However home values are higher in California and California also has a high state income tax. Texas property tax policy is more similar to Chicago, Illinois. Both are ridiculous.
@@FoamandStuff That’s all fair but if you don’t own a home in TX your kind of winning. UNTILL !! You reach a desirable income. Then owning a home and dealing with the Taxes isn’t as bad
property taxes are the worst taxes there is.. you pay income tax, with that taxed income you buy property, then you have too pay tax on the things you own? that property should be tax exempt.
she is either lying or doesn't understand how it works, ive lived in my home for almost 50yrs, every few years the "appraised" value goes up, but for some reason when someone sells a home for more than its worth, to someone that can't afford it, they know they will eventually get the home back, but the value of our homes goes up because that person inflated the cost of the home he sold. you know what your home is worth, watch for homes around you being sold for outrageous prices, your taxes are going up.
Homeowners need to realize it's not the appraisal district that raises taxes it is the taxing entities that do not adjust the tax rate. The appraisal district is just an observer in the process. If the value goes up 10% then the tax rate should go down by 10% so that the tax amount is even.
Hawaii property tax is around .3%. Why? Because there are a lot less people who soak up public resources than on the mainland. You can't swim there. You can't hop a fence or hide in a car trunk to get there. You can't hike there.
Oh man $28 worth of savings. The thieves in San Antonio don't want to give up their hard earned bounty. With $28 you can have a cheap meal for 2 or feast for 1. They were being overly generous with that ,01%.
Texas isn’t a good place to retire from what I gather. Even it we don’t have state income Tax, our property tax is a lot higher than other states. Maybe time to retire in Florida or California 🤔
You dont own anything because once you can't pay taxes they will take your house away , if you truly want to live free with 3 meals a day paid medical a bed and a roof over your head and free education and a ton of free resources from the state you have to live in a prison , ironically people that are barely making it just to keep thier homes are prisoners to thier mortgage and taxes
I know this is a sore subject... but what needs to happen if you don't want to be forced out of your home because you can't afford the tax increase is after a certain age and you retire the property taxes go away and a income tax replaces it... it would be cheaper on the older retired people to pay for income taxes and not have property taxes to worry about....
Here on probandt area taxes raised so the people who have been here forever can no longer pay their taxes so they can build apartments and condos just south of downtown they take half my mom's social security half for the year each year I believe it's HEB real estate that is pushing for the areas
Hahahaha who said my house is worth so much? Oh please. I replace part of a fence and that increases the value by oh say more than 25k?? This house hasn't been updated since 1978. When it was built.
Here is HOW Harris county appraisal district work : (1) GUESS WORK : appraisers sit in their office and guessed which home had major remodeling without visiting the property; then assigned the value; and it was always drastically higher than "market value" because they added some kind of "satanic up ward adjustment". (2) APPRAISAL REVIEW BOARD (ARB): If you file a "protest"; then ARP members (usually 3) will be acting as "BAD DOGS" of the county appraisal district.
Thank you very much for bringing up the subject of property taxes . Here is my point in short sentences, I hope you will understand something there, do not hesitate to ask for clarifications or repetitions. 1- it all started with the right given by Queen Victoria, the right to "incorporate new Municipality" 2- In her wisdom, she had limited the right to tax real estate to 1% of the value of the property 3-in other words, the Municipalities did not have the right to tax the value of a property at more than 1% (including school taxes) 4-quickly it became a "tool" to dissuade a particular race or ethnic group to live in this or that neighborhood, by discreetly increasing this tax 5-the most famous the most famous example for people like me who have studied the subject is the city of Detroit 6-After the riots, to expel the African Americans from the city without violence, it was decided to increase them property taxes from 1 to 6 then 9% ... of the value of their property! 7-This method was used in Quebec by Francophones to expel Anglophones from the Province. Passed land taxes from 1 to 1.5 and then 2% or 3% only on English-speaking farms and properties. This means that you cannot "hold" your property for more than one generation.
Allllllllll come on them little shot gun houses taxes can’t be that much over priced dumps and hustling for more money than the property is worth looking like a pump and dump tax
I never hear a single person complain about the value of their property going up. Like the lady who paid 10 grand for her house which is now worth 160 grand she's not complaining about the worth of her house.
@@seamusoreilly804 True but if she has reached retirement age and only has SSI to live on she can sell her home and pocket all of the profits tax free or do a reverse mortgage.
@@BurnCrushExecute I feel for all those homeowners in San Antonio and other counties in Texas. as, they are taking the same additude as california did.... tax people to death.... we even have had our share if growth issues here in Idaho.... the Boise area is starting to reflect what california was like back in 1994 when I moved up here from San Jose, Calif. just crazy!
Property taxes are taxes you pay on property you own to make sure you don't actually own it.
Exactly!
billp4 in Alabama when you reach full retirement there is no property taxes as long as you live in the house they access every year.
Primary residences should NOT be taxed if the tax can result in a property lien. PERIOD.
The city is also federally funded,so why does the city keep raising property taxes;enough is enough!!
Nobody truly OWNS their home.
Stop paying your property tax and see for yourself
Generally you see very high property taxes when there is no state income tax or a low state income tax. Illinois has a low flat rate state income tax and very high property tax. Texas has no income tax but high property tax. California has very high state income tax rates but low property tax thanks to proposition 13. Since the 1970’s your property tax increase in California is capped at 1% making property taxes very low especially if you bought your home decades ago. That’s crazy that California has the more favorable and reasonable property tax policy compared to Texas.
Bottom line, property tax should be outlawed, un-constitutional, null and void!!!!!!!
Yeah because you own your property
we never really OWN anything in this country!
Taxes are insane mine went from 3,500 in 2016 to 6,020 in 2020 soon I might have to sell or knock my house down and live in a storage shed !
I used to make jokes about mobile homes, but not anymore - but I now I say that I won't live in a "park".
If you have a homestead exemption, Texas properties taxes can be deferred when you reach age 65, with an 8 percent interest accumulating on any portion of the property taxes which are not paid. Deferring taxes is not popular except for properties with relatively low value. The deferred taxes with interest are due at the death of the homeowner or the sale of the property, which means heirs have another probate issue.
I think property taxes for persons aged 65 or older should be limited to a 1 percent increase per year, but that would lead to higher property taxes for those under 65. Escalating property taxes have the potential to become city killers as many people will elect to leave the city. Higher taxes will encourage gentrification, which isn't all bad - yet many older people won't be able to afford to remain in their homes.
Turn it into a parking lot and put a motor home on it. It's a tiny house on wheels and only needs tags.
They alawed that too. Min sq ft 700
The upside is cities don't like to foreclose on empty lots. My Father owned an empty lot in South Fort Worth and hadn't paid property taxes in 15 years when he did in 2005 but the city never foreclosed. I ignored it in probate because I did not want to have to deal with it. It has now been 32 years and the city still has not foreclosed. But the lot has not gone to waste, the next door neighbor fenced it into his backyard and has a nice big free backyard because of it.
This is exactly where I see Dallas heading...I'm selling and moving to the country
In reality you never own your home once it’s paid off. You become a slave to the Master and it’s called Property Taxes!
That’s Texas. HIGH HIGH HIGH. Property taxes.
It's becoming like new Jersey
$28!!! If your going to 'give' me something... GIVE ME SOMETHING!!!!
They're going to give you a good screwing.
Where’s the money going?
Cut the city and state salaries
Property taxes should be the purchase price you buy at, you buy for 50,000.,taxed at 100,000., sell at 80,000., it's worth 80 tax man owes you for the 20,000 over payment.
Texas State property taxes is horrible!
Welcome to the new Calif. This is only the beginning.
No I refuse. Going to have to run
Actually California has very low property taxes and the rates are incredibly low compared to Texas. However home values are higher in California and California also has a high state income tax. Texas property tax policy is more similar to Chicago, Illinois. Both are ridiculous.
@@FoamandStuff That’s all fair but if you don’t own a home in TX your kind of winning. UNTILL !! You reach a desirable income. Then owning a home and dealing with the Taxes isn’t as bad
property taxes are the worst taxes there is.. you pay income tax, with that taxed income you buy property, then you have too pay tax on the things you own? that property should be tax exempt.
she is either lying or doesn't understand how it works, ive lived in my home for almost 50yrs, every few years the "appraised" value goes up, but for some reason when someone sells a home for more than its worth, to someone that can't afford it, they know they will eventually get the home back, but the value of our homes goes up because that person inflated the cost of the home he sold. you know what your home is worth, watch for homes around you being sold for outrageous prices, your taxes are going up.
Homeowners need to realize it's not the appraisal district that raises taxes it is the taxing entities that do not adjust the tax rate. The appraisal district is just an observer in the process. If the value goes up 10% then the tax rate should go down by 10% so that the tax amount is even.
An appraisal by Bexas county and banks is nothing like what a house sells for. My house appraises higher than I could ever sell it for.
That's how to force elderly people with no income out of their home.
Most of which here are veterans.
GENTRIFICATION!
Our taxes are ridiculous high.
Same in Austin. I am going to have to leave my home in a few years too.
Property taxes in Texas aren’t much different than they are in Illinois
They are fraud that house ain’t 160,000 they are scam
Hawaii property tax is around .3%. Why? Because there are a lot less people who soak up public resources than on the mainland. You can't swim there. You can't hop a fence or hide in a car trunk to get there. You can't hike there.
Huge amount of taxes are paid from tourist via hotels, services and more. Huge tourist revenue.
I heard Hawaii has a big problem with homelessness?
@@MeadowDay They do but it should be comparable to the rest of the nation and not compounded by shall we say external factors.
Damn this is good stuff.
Oh man $28 worth of savings. The thieves in San Antonio don't want to give up their hard earned bounty. With $28 you can have a cheap meal for 2 or feast for 1. They were being overly generous with that ,01%.
Texas isn’t a good place to retire from what I gather. Even it we don’t have state income Tax, our property tax is a lot higher than other states. Maybe time to retire in Florida or California 🤔
You dont own anything because once you can't pay taxes they will take your house away , if you truly want to live free with 3 meals a day paid medical a bed and a roof over your head and free education and a ton of free resources from the state you have to live in a prison , ironically people that are barely making it just to keep thier homes are prisoners to thier mortgage and taxes
Ain’t no dirt worth 94,000 thousands dollars are they all going crazy, well that’s dirt worth more than gold and bitcoins and silver and diamonds
Tax reform. That's going to be tough to do. Local government has gotten used to the income.
They are putting the extra money in their pocket
They are starting to use market value and not building cost.
If I drive through this city in my car will you charge me property taxes
They don’t care when it happens to poor people
What do the poor have to offer?
I know this is a sore subject... but what needs to happen if you don't want to be forced out of your home because you can't afford the tax increase is after a certain age and you retire the property taxes go away and a income tax replaces it... it would be cheaper on the older retired people to pay for income taxes and not have property taxes to worry about....
Here on probandt area taxes raised so the people who have been here forever can no longer pay their taxes so they can build apartments and condos just south of downtown they take half my mom's social security half for the year each year I believe it's HEB real estate that is pushing for the areas
Appraiser are the one who gets kick back and bribes
That is sweet 10,000 for a house 🏡
94,000 dollars we all need to invest in dirt
Hahahaha who said my house is worth so much? Oh please. I replace part of a fence and that increases the value by oh say more than 25k?? This house hasn't been updated since 1978. When it was built.
They are fixing up the city and state retirement plan and then when they retired they are going to leave
What is the cause of this increase in Property tax? Like seriously
Calif. Now owns the legislature. They make the laws.
@@ashforkdan how did that happen?
@@FlyingArtz. Good question! Can we stay in the realm of REALITY with this at least?!
@@Ms.Byrd68 huh?
@@FlyingArtz. That last part was directed AT you. I meant as in all the nonsense that's going on around us these days, lol!
They pay more money for property tax than federal income taxes so you know they are scam the home owner
Holly crap…
Here is HOW Harris county appraisal district work : (1) GUESS WORK : appraisers sit in their office and guessed which home had major remodeling without visiting the property; then assigned the value; and it was always drastically higher than "market value" because they added some kind of "satanic up ward adjustment". (2) APPRAISAL REVIEW BOARD (ARB): If you file a "protest"; then ARP members (usually 3) will be acting as "BAD DOGS" of the county appraisal district.
I think here in California, exemption up to $70 ! Seems a lot compare to $28 ! A year ! 😂 😂
Thank you very much for bringing up the subject of property taxes .
Here is my point in short sentences, I hope you will understand something there, do not hesitate to ask for clarifications or repetitions.
1- it all started with the right given by Queen Victoria, the right to "incorporate new Municipality"
2- In her wisdom, she had limited the right to tax real estate to 1% of the value of the property
3-in other words, the Municipalities did not have the right to tax the value of a property at more than 1% (including school taxes)
4-quickly it became a "tool" to dissuade a particular race or ethnic group to live in this or that neighborhood, by discreetly increasing this tax
5-the most famous the most famous example for people like me who have studied the subject is the city of Detroit
6-After the riots, to expel the African Americans from the city without violence, it was decided to increase them
property taxes from 1 to 6 then 9% ... of the value of their property!
7-This method was used in Quebec by Francophones to expel Anglophones from the Province.
Passed land taxes from 1 to 1.5 and then 2% or 3% only on English-speaking farms and properties. This means that you cannot "hold" your property for more than one generation.
Im glad i bought my house in the Slums
Why can't commercial pay their fair share? No more tax abatements!
Allllllllll come on them little shot gun houses taxes can’t be that much over priced dumps and hustling for more money than the property is worth looking like a pump and dump tax
smh.
I never hear a single person complain about the value of their property going up. Like the lady who paid 10 grand for her house which is now worth 160 grand she's not complaining about the worth of her house.
If she’s living on SS she will be.
@@seamusoreilly804 True but if she has reached retirement age and only has SSI to live on she can sell her home and pocket all of the profits tax free or do a reverse mortgage.
I would sale the property 160,000 and leave the state and go to Alabama
Get federal government involved and then they be going to jail
Property taxes thieves
Them little house is not worth 125,000 nor the land
leon musk moved in..... now everyone wants to be rich!
Oh "now" everyone wants to be rich..
@@BurnCrushExecute I feel for all those homeowners in San Antonio and other counties in Texas. as, they are taking the same additude as california did.... tax people to death.... we even have had our share if growth issues here in Idaho.... the Boise area is starting to reflect what california was like back in 1994 when I moved up here from San Jose, Calif. just crazy!
Everything is bigger in texas.... including taxes
Thank California and the recent influx of ppl moving to Texas
Scam scam fraud scam scam people who are they scam people
Rest assure if Biden is our next president you won't have to worry about owning anything
LEGO my eggo
Fu****g thrives!!!!
Hahahahaha scam they used LEGO let go LEGOooooooooooooo