The numbers they are using in terms of rates and medians are what they say they are. It's just how they use those numbers that skews the resultAggieVictor10 said:
Fake
The numbers they are using in terms of rates and medians are what they say they are. It's just how they use those numbers that skews the resultAggieVictor10 said:
Fake
100% this. And all of that results in higher spending in CA meaning more money subject to the sales taxMemphisAg1 said:
It's not just taxes. CA also imposes much stricter and more socialistic regulations that drive up the cost of everyday life. Compare CA to TX on:
-- gas price
-- real estate cost
-- fast food and restaurant cost
-- insurance cost
-- you name it...
These are the "hidden" taxes that make CA cost-of-living higher than TX. Just follow the U-Haul traffic... it's a net migration from CA to TX, not the other direction.
Well California and New York have both so yeah. Please enjoy the lower taxes thereAggie95 said:
property taxes in TX are in a lot of cases are much higher than state income taxes.
And been the greatest wealth transfer from the young to the old in historyBTKAG97 said:
New York residents think Texas property ta es are small.
California property taxes would be as high as Texas (on average) if not for Proposition 13 of 1978. That Constitutional amendment has suppressed housing supply and thus artificially increased housing prices.
LostInLA07 said:
Fightin_Aggie said:Well California and New York have both so yeah. Please enjoy the lower taxes thereAggie95 said:
property taxes in TX are in a lot of cases are much higher than state income taxes.
Dude, Texas property tax is out of control. Amateurs do the appraisal and our politicians should be ashamed of what they are doing to people on a limited income. They are also contributing to making owning a home a dream for young people. Texas politicians talk tough but do nothing in this area.aggiejayrod said:
I'm not saying you're full of s but you're full of s
https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494Quote:
One simple ratio known as the "tax burden" helps cut through the confusion. Unlike tax rates, which vary widely based on an individual's circumstances, tax burden measures the proportion of total personal income that residents pay toward state and local taxes. And it isn't uniform across the U.S., either.
To determine the residents with the biggest tax burdens, WalletHub compared the 50 states across the three tax types of state tax burdens property taxes, individual income taxes and sales and excise taxes as a share of total personal income in the state.
Agree. The Tx legislature sure has maxed out home property taxes for a " conservative " state.stallion6 said:Dude, Texas property tax is out of control. Amateurs do the appraisal and our politicians should be ashamed of what they are doing to people on a limited income. They are also contributing to making owning a home a dream for young people. Texas politicians talk tough but do nothing in this area.aggiejayrod said:
I'm not saying you're full of s but you're full of s
Yes, thank you. People complain about our property taxes not understanding why they are high and it's because we fund all public schooling from it.PA24 said:School taxes are nuts in Texas. Property taxes are not that bad.shiftyandquick said:
Everyone outside of Texas is flabbergasted by how high the property taxes are in Texas.
School taxes, not for books but for playgrounds called football stadiums.
Would love to see who is paying less than $4.9K a year in SALT here; I bet most people's property taxes alone on this board are north of $10K a year.LostInLA07 said:
Mas89 said:Agree. The Tx legislature sure has maxed out home property taxes for a " conservative " state.stallion6 said:Dude, Texas property tax is out of control. Amateurs do the appraisal and our politicians should be ashamed of what they are doing to people on a limited income. They are also contributing to making owning a home a dream for young people. Texas politicians talk tough but do nothing in this area.aggiejayrod said:
I'm not saying you're full of s but you're full of s
I'd like to see the two state comparisons on homes each appraised at 400,000. I bet Texas has a much higher home property tax. And then the 8.25 percent sales tax.
I know one young couple with 3 kids paying 10k on home taxes on a starter home purchased for 200k 10 years ago. Crazy.
It depends on your property....and your income, obviously.Aggie95 said:
property taxes in TX are in a lot of cases are much higher than state income taxes.
Quote:
I'd like to see the two state comparisons on homes each appraised at 400,000. I bet Texas has a much higher home property tax. And then the 8.25 percent sales tax.
Your numbers are off a little bit but overall, you're right.bmks270 said:LOYAL AG said:
California sales tax rates are damn near identical to Texas with a state rate of 7.25% and a local rate of up to 1% for a total of 8.25% max. A quick check shows that the list of things subject to sales tax is similar in both states as well so it stands to reason that sales taxes are pretty much identical.
A quick scan shows California property tax rates to be about .75% on average so that's a point in their favor.
Income taxes in the other hand is a big hit and everyone pays something. Here's the rates
Total Sales tax in Los Angeles is 9.5%.
And six figure incomes is going to be paying an effective 6-7% in state income taxes.
And annual car registration for a 30k car is like $400+.
And a hamburger, fries, and soda from a fast food joint is $16.
Gas is over $5/gal.
Rents and housing is way more expensive, so small property tax rate but in really expensive property.
California IS NOT CHEAPER than Texas or
Florida.
Not in any town where you'd want to live.bmks270 said:Mas89 said:Agree. The Tx legislature sure has maxed out home property taxes for a " conservative " state.stallion6 said:Dude, Texas property tax is out of control. Amateurs do the appraisal and our politicians should be ashamed of what they are doing to people on a limited income. They are also contributing to making owning a home a dream for young people. Texas politicians talk tough but do nothing in this area.aggiejayrod said:
I'm not saying you're full of s but you're full of s
I'd like to see the two state comparisons on homes each appraised at 400,000. I bet Texas has a much higher home property tax. And then the 8.25 percent sales tax.
I know one young couple with 3 kids paying 10k on home taxes on a starter home purchased for 200k 10 years ago. Crazy.
And also compare the sq. Footage lol.
Many cities in CA don't even have 400k homes, but might have a 400k studio.
A hypothetical family on $75k is getting government assistance.LOYAL AG said:Quote:
I'd like to see the two state comparisons on homes each appraised at 400,000. I bet Texas has a much higher home property tax. And then the 8.25 percent sales tax.
The trick will be finding a $400k home in California. Then if you do compare that home to the one in Texas in terms of size, land, materials build quality. And quality of life for where you live. A more accurate comparison would be to find a $400k house in Texas then find a comparable house in California. It won't cost $400k.
Sales tax rates are generally the same in both states so I'm not sure what that comment is supposed to mean. Of course in California you're paying sales taxes on higher prices pretty much across the board which means you're spending more dollars on sales taxes for the same list of products and services.
Then you have that California income tax. Not sure why you omitted that.
I'm sure with enough effort you can craft a scenario where a family making $75k that owns their home pays less taxes in California but it would take work. That's ultimately why we're seeing a mass exodus from California, cost of living is outrageous.
Now comment on how flabbergasted THEY ARE BY THE STATE INCOME TAX RATE.shiftyandquick said:
Everyone outside of Texas is flabbergasted by how high the property taxes are in Texas.
Esteban du Plantier said:
Here's a numbers I calculated on $200k income, $500k home, and sales tax on $36k of spending a year.
California:$21,873
Texas:$14,398
knoxtom said:
This is a very bogus study, not because of the conclusions, but rather because it is so different for people in different situations.
If you make a high income then California hits you harder.
If you are retired then Texas hits you harder.
Texas is NOT a good place to own a nice home and make low income. Your property taxes will NEVER go away. You get disabled - pay them. You lose your job - pay them. It is the number one reason why we left Texas... I have past health problems and we didn't want to lose our house if I had more health problems.
California is a great place to retire. Once you start making much less in income - you don't get hit with the income taxes. Sure you get hit with higher prices for gas and buying stuff, but you don't drive 40k miles a year when you live in California (like you do in Texas) and when you are old you don't buy much stuff. California is also a great place to live if you want the very best college for your kid. They have a massive state college system and the schools are REALLY good. That system is expensive for the State but it is also what feeds their massive economy. If California was a country, they would have the 5th largest economy in the world.
As for the people always throwing out Tennessee. Sure it has low prop and no income taxes. But is also has incredibly bad schools, almost no state school system, horrible roads, and zero infrastructure. I lived there a long time and I will probably be moving back for family reasons, and I can promise you, it is where dreams of your kid's future go to die.
bmks270 said:Esteban du Plantier said:
Here's a numbers I calculated on $200k income, $500k home, and sales tax on $36k of spending a year.
California:$21,873
Texas:$14,398
Apples to apples would be make the Texas income $150k, and the California house 1.7MM
Ag with kids said:knoxtom said:
This is a very bogus study, not because of the conclusions, but rather because it is so different for people in different situations.
If you make a high income then California hits you harder.
If you are retired then Texas hits you harder.
Texas is NOT a good place to own a nice home and make low income. Your property taxes will NEVER go away. You get disabled - pay them. You lose your job - pay them. It is the number one reason why we left Texas... I have past health problems and we didn't want to lose our house if I had more health problems.
California is a great place to retire. Once you start making much less in income - you don't get hit with the income taxes. Sure you get hit with higher prices for gas and buying stuff, but you don't drive 40k miles a year when you live in California (like you do in Texas) and when you are old you don't buy much stuff. California is also a great place to live if you want the very best college for your kid. They have a massive state college system and the schools are REALLY good. That system is expensive for the State but it is also what feeds their massive economy. If California was a country, they would have the 5th largest economy in the world.
As for the people always throwing out Tennessee. Sure it has low prop and no income taxes. But is also has incredibly bad schools, almost no state school system, horrible roads, and zero infrastructure. I lived there a long time and I will probably be moving back for family reasons, and I can promise you, it is where dreams of your kid's future go to die.
CA would be great to retire in if you bought your house 40 years ago.
Now, the property values are incredibly high so how are going to afford to move there to retire?
Pro tip, a lot of rural areas east of the Bay have had their prices jacked up by demand from Bay Area folks fleeing and taking advantage of work from home.knoxtom said:Ag with kids said:knoxtom said:
This is a very bogus study, not because of the conclusions, but rather because it is so different for people in different situations.
If you make a high income then California hits you harder.
If you are retired then Texas hits you harder.
Texas is NOT a good place to own a nice home and make low income. Your property taxes will NEVER go away. You get disabled - pay them. You lose your job - pay them. It is the number one reason why we left Texas... I have past health problems and we didn't want to lose our house if I had more health problems.
California is a great place to retire. Once you start making much less in income - you don't get hit with the income taxes. Sure you get hit with higher prices for gas and buying stuff, but you don't drive 40k miles a year when you live in California (like you do in Texas) and when you are old you don't buy much stuff. California is also a great place to live if you want the very best college for your kid. They have a massive state college system and the schools are REALLY good. That system is expensive for the State but it is also what feeds their massive economy. If California was a country, they would have the 5th largest economy in the world.
As for the people always throwing out Tennessee. Sure it has low prop and no income taxes. But is also has incredibly bad schools, almost no state school system, horrible roads, and zero infrastructure. I lived there a long time and I will probably be moving back for family reasons, and I can promise you, it is where dreams of your kid's future go to die.
CA would be great to retire in if you bought your house 40 years ago.
Now, the property values are incredibly high so how are going to afford to move there to retire?
Unless it is in Malibu I can afford a California house. Really want an orchard though and they are hard to find. I would love to have about 20 acres of cherry trees on a contract. Maybe apples up between Sacramento and Tahoe.