Just needed to get that off my chest after dropping a check off at the Big Landlord's office.
Thank you

Thanks for the reminder. I need to help fund Comal county again before the office closes for the day.

I used to believe the same about income tax. Then I moved to an income tax state with low property taxes. I think I'll take the latter. TX should be ashamed of the games they've allowed tax assessors to play over the years

OP, you have set the stage for some transparent brags about how much some posters pay in taxes every year.

Agreed.

T axed
E nough
A lready
Party

jagvocate said:

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I used to believe the same about income tax. Then I moved to an income tax state with low property taxes. I think I'll take the latter. TX should be ashamed of the games they've allowed tax assessors to play over the years

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As I get older I'm starting to believe this as well. Texas was foolish to pass a constitutional amendment outlawing Income Tax, now we're married to this awful system that can't be fixed.

BMCaginLTX said:

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Just needed to get that off my chest after dropping a check off at the Big Landlord's office.
Thank you

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Testify!

rgag12 said:

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jagvocate said:

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I used to believe the same about income tax. Then I moved to an income tax state with low property taxes. I think I'll take the latter. TX should be ashamed of the games they've allowed tax assessors to play over the years

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As I get older I'm starting to believe this as well. Texas was foolish to pass a constitutional amendment outlawing Income Tax, now we're married to this awful system that can't be fixed.

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Hate to write those checks for terrible county roads and schools where kids cant pass gas.

I prefer the property taxes. I've lived in my house for 7 years, and my property tax has only gone up about 25%. My income tax has doubled.

Once you hit 65, school district taxes are frozen in Texas. I'd rather have that than worry about how inflation will increase my necessary withdrawals, and this income tax bill, and how to account for that throughout retirement. I can always move to a smaller, cheaper place. I can't stop needing money.

rgag12 said:

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jagvocate said:

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I used to believe the same about income tax. Then I moved to an income tax state with low property taxes. I think I'll take the latter. TX should be ashamed of the games they've allowed tax assessors to play over the years

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As I get older I'm starting to believe this as well. Texas was foolish to pass a constitutional amendment outlawing Income Tax, now we're married to this awful system that can't be fixed.

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You could be in a state with income, sales and property taxes.

Btw, sum up all of the sales tax you pay over the year. That one is worse to me because it is death by a thousand cuts and most people have no idea just how much is taken from you in a year. At least with property tax, you get to see the full amount of your money they are wasting.

jagvocate said:

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I used to believe the same about income tax. Then I moved to an income tax state with low property taxes. I think I'll take the latter. TX should be ashamed of the games they've allowed tax assessors to play over the years

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Please expand upon this if you could. I genuinely asking and not being a smartass. I am considering buying a one acre lot in Lake City, CO on the western slope in a year and a half to then begin building a cabin potentially for retirement. I can also remote work and travel when I need to. The low property tax is a huge draw. I don't want to retire and be debt free but still writing these huge checks for stuff like property tax in Texas. Can you or anyone else point out any flaws in my logic with this idea?

Thanks in advance.

$19k earlier this week to the Marxist Republic of Austin. At least I can take comfort in knowing that they will exercise restraint and caution as to how it gets spent...

Kansas Kid said:

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rgag12 said:

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jagvocate said:

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I used to believe the same about income tax. Then I moved to an income tax state with low property taxes. I think I'll take the latter. TX should be ashamed of the games they've allowed tax assessors to play over the years

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As I get older I'm starting to believe this as well. Texas was foolish to pass a constitutional amendment outlawing Income Tax, now we're married to this awful system that can't be fixed.

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You could be in a state with income, sales and property taxes.

Btw, sum up all of the sales tax you pay over the year. That one is worse to me because it is death by a thousand cuts and most people have no idea just how much is taken from you in a year. At least with property tax, you get to see the full amount of your money they are wasting.

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If you don't have the money for sales tax at the store, you put some items back. If property taxes get too high, you lose your house. I'll take the higher sales tax

A_Gang_Ag_06 said:

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jagvocate said:

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I used to believe the same about income tax. Then I moved to an income tax state with low property taxes. I think I'll take the latter. TX should be ashamed of the games they've allowed tax assessors to play over the years

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Please expand upon this if you could. I genuinely asking and not being a smartass. I am considering buying a one acre lot in Lake City, CO on the western slope in a year and a half to then begin building a cabin potentially for retirement. I can also remote work and travel when I need to. The low property tax is a huge draw. I don't want to retire and be debt free but still writing these huge checks for stuff like property tax in Texas. Can you or anyone else point out any flaws in my logic with this idea?

Thanks in advance.

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I tend to agree with this. Although I may not like it, I can rationalize that if I make more money I pay more taxes. Most people aren't going to chose to make less to pay less taxes. And there are things you can do typically to reduce or defer income taxes somewhat.

You have little to no control over property taxes in TX. I experienced this myself recently when Burnet county CAD tripled the valuation on my recreational lake property. It's driven almost entirely by speculative investment in STRs. The market blew up during covid when STR occupancies were through the roof. I have no interest in selling other than to escape the taxes. We are literally being taxed off our property. It's a very uneasy feeling knowing that next year the CAD could double it again and I have no control over it at all.

We are seriously considering selling the lake place and buying something in a low property tax state. We would have a modest home and no state income tax as residents of TX and our RE holdings and recreational vacation property in a low property tax state. We are retiring soon so driving or flying out for extended stays in another state isn't a big deal.

Be a permanent resident in a no-income tax state and then spending time in your low property tax house in a beautiful area seems like the best of both worlds. Of course if you spend too much time in that house that can be proven you could open yourself up to taxation as a citizen of that state. So be careful?

Yep.... don't even remind me of how much i pay in taxes between my income tax, property tax, and sales tax...

ABATTBQ11 said:

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I prefer the property taxes. I've lived in my house for 7 years, and my property tax has only gone up about 25%. My income tax has doubled.

Once you hit 65, school district taxes are frozen in Texas. I'd rather have that than worry about how inflation will increase my necessary withdrawals, and this income tax bill, and how to account for that throughout retirement. I can always move to a smaller, cheaper place. I can't stop needing money.

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If your income tax doubled, it is due to an increase in your taxable income. Income generally comes from money that you can spend.

Property taxes are based on what someone else feels your property is worth.

You can tweak your taxable income by deferring income and/or gains, accelerating deductions, making retirement plan contributions or deferrals. Even if you do nothing, you at least have increased income with which to pay the doubling of the income tax.

Property tax increases are due mostly to unrealized increases in value and are similar to the wealth tax proposals discussed in Kalifornia and other places. You have realized nothing with which to pay increased taxes. You only have a statement from the appraisal district showing how much your property is worth. Can't really spend that.

Actually here in Texas you can defer your property taxes indefinitely by signing an affidavit at the tax office if you are over 65 or disabled. The taxes don't go away, they accrue with interest and have to be paid when the home is sold by your heirs, or when you move out, say to assisted living. But in the meanwhile if you have limited or fixed income it can help your cash flow. Gov entities do not want you to know about it because it starves their cash flow and a lot of younger people think it is unfair that olds can do this. But still, in some circumstances this is a very viable option.

Kansas Kid said:

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rgag12 said:

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jagvocate said:

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I used to believe the same about income tax. Then I moved to an income tax state with low property taxes. I think I'll take the latter. TX should be ashamed of the games they've allowed tax assessors to play over the years

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As I get older I'm starting to believe this as well. Texas was foolish to pass a constitutional amendment outlawing Income Tax, now we're married to this awful system that can't be fixed.

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You could be in a state with income, sales and property taxes.

Btw, sum up all of the sales tax you pay over the year. That one is worse to me because it is death by a thousand cuts and most people have no idea just how much is taken from you in a year. At least with property tax, you get to see the full amount of your money they are wasting.

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Close to 50% when you count every tax and government fee. It's sickening.

Let's not kid ourselves thinking property taxes are the only reason you do not "own" your house.

If there was NO property taxes and you did not pay your income taxes, they are still coming after your house (asset). If you do not pay your income or property taxes they are coming for all your assets. Just because "property taxes" are based on your property, doesn't mean you lose your house, you lose an asset which may be your house.

Extreme case for Property Tax vs. Income:
Annual Property taxes encourages property owners to make the property productive. Theoretically, with no property taxes, a rich person could buy up as much land as possible and hold it forever. We would all have to move or be renters for life. Sure, at the right price people will sell, but a rich person (think Saudi crown prince) can push that price well above the market and keep the land unproductive. If Texas did not property tax, you bet foreign people would buy and hold the land just as a shelter for cash.

Kansas Kid said:

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rgag12 said:

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jagvocate said:

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I used to believe the same about income tax. Then I moved to an income tax state with low property taxes. I think I'll take the latter. TX should be ashamed of the games they've allowed tax assessors to play over the years

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As I get older I'm starting to believe this as well. Texas was foolish to pass a constitutional amendment outlawing Income Tax, now we're married to this awful system that can't be fixed.

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You could be in a state with income, sales and property taxes.

Btw, sum up all of the sales tax you pay over the year. That one is worse to me because it is death by a thousand cuts and most people have no idea just how much is taken from you in a year. At least with property tax, you get to see the full amount of your money they are wasting.

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Move to "liberal" New Hampshire (as I saw so many on this board proclaim).

We have no income tax and no sales tax. Live free or die.

jagvocate said:

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Be a permanent resident in a no-income tax state and then spending time in your low property tax house in a beautiful area seems like the best of both worlds. Of course if you spend too much time in that house that can be proven you could open yourself up to taxation as a citizen of that state. So be careful?

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How would a state go about proving this if I just move back and forth between the two and keep a Texas address as my place of residence?

Hungry Ojos said:

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$19k earlier this week to the Marxist Republic of Austin. At least I can take comfort in knowing that they will exercise restraint and caution as to how it gets spent...

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Geez...that's way over SALT. No need to answer but how big is your home? SALT was meant for CA, NY and other blue states not Texas.

We're just barely over SALT here in Norther Virginia and all I have is a 1/4 acre lot with a 2,800SF home, granted it's worth $1.2MM but only taxed at $875K, the rest of my next SALT is personal property taxes on my cars and the ones that do get taxed are ten years old, the Jag is expensive. The other toys are registered as antiques/vintage, not tax.

ClickClack said:

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Kansas Kid said:

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rgag12 said:

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jagvocate said:

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I used to believe the same about income tax. Then I moved to an income tax state with low property taxes. I think I'll take the latter. TX should be ashamed of the games they've allowed tax assessors to play over the years

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As I get older I'm starting to believe this as well. Texas was foolish to pass a constitutional amendment outlawing Income Tax, now we're married to this awful system that can't be fixed.

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You could be in a state with income, sales and property taxes.

Btw, sum up all of the sales tax you pay over the year. That one is worse to me because it is death by a thousand cuts and most people have no idea just how much is taken from you in a year. At least with property tax, you get to see the full amount of your money they are wasting.

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Move to "liberal" New Hampshire (as I saw so many on this board proclaim).

We have no income tax and no sales tax. Live free or die.

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F that! Stuck in your house all winter, walk out and your nose freezes and falls off!

Has there been analysis about an income tax in Texas. If you leverage the federal tax return as the state tax return, wouldn't that be more efficient than each county have their own appraisal district and annually assessing property following by protests.

I hate the business personal property tax so much. So many assets that truly have no market value or very difficult to appraise don't by the some 50K/year government worker.

HumpitPuryear said:

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A_Gang_Ag_06 said:

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jagvocate said:

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I used to believe the same about income tax. Then I moved to an income tax state with low property taxes. I think I'll take the latter. TX should be ashamed of the games they've allowed tax assessors to play over the years

---

Please expand upon this if you could. I genuinely asking and not being a smartass. I am considering buying a one acre lot in Lake City, CO on the western slope in a year and a half to then begin building a cabin potentially for retirement. I can also remote work and travel when I need to. The low property tax is a huge draw. I don't want to retire and be debt free but still writing these huge checks for stuff like property tax in Texas. Can you or anyone else point out any flaws in my logic with this idea?

Thanks in advance.

---

I tend to agree with this. Although I may not like it, I can rationalize that if I make more money I pay more taxes. Most people aren't going to chose to make less to pay less taxes. And there are things you can do typically to reduce or defer income taxes somewhat.

You have little to no control over property taxes in TX. I experienced this myself recently when Burnet county CAD tripled the valuation on my recreational lake property. It's driven almost entirely by speculative investment in STRs. The market blew up during covid when STR occupancies were through the roof. I have no interest in selling other than to escape the taxes. We are literally being taxed off our property. It's a very uneasy feeling knowing that next year the CAD could double it again and I have no control over it at all.

We are seriously considering selling the lake place and buying something in a low property tax state. We would have a modest home and no state income tax as residents of TX and our RE holdings and recreational vacation property in a low property tax state. We are retiring soon so driving or flying out for extended stays in another state isn't a big deal.

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My wife and I often joke about getting a civil divorce since it's sacramentally meaningless (i.e., til death do us part, but civil marriage laws are a joke now thanks to idiot SCOTUS) and homesteading two properties.

No one likes taxes... but local taxes would be much more palatable if not for Washington trying to take 40 cents of every dollar.

I didnt even read any of the other replies but I am sure someone justified them.

There is always at least one that loves them some vaseline.

Texas has hoodwinked everyone that we are a low tax state. Maybe for businesses. We more than make up for state income taxes with property taxes. My property taxes increase by $1,000+ every year.

Quote:

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Even if you do nothing, you at least have increased income with which to pay the doubling of the income tax.

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This. No way I prefer high property taxes to an income tax.

The onlt taxes that arent evil are consumption taxes.

The Banned said:

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Kansas Kid said:

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rgag12 said:

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jagvocate said:

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I used to believe the same about income tax. Then I moved to an income tax state with low property taxes. I think I'll take the latter. TX should be ashamed of the games they've allowed tax assessors to play over the years

---

As I get older I'm starting to believe this as well. Texas was foolish to pass a constitutional amendment outlawing Income Tax, now we're married to this awful system that can't be fixed.

---

You could be in a state with income, sales and property taxes.

Btw, sum up all of the sales tax you pay over the year. That one is worse to me because it is death by a thousand cuts and most people have no idea just how much is taken from you in a year. At least with property tax, you get to see the full amount of your money they are wasting.

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If you don't have the money for sales tax at the store, you put some items back. If property taxes get too high, you lose your house. I'll take the higher sales tax

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High property tax keeps out the riffraff. Sorry you're an LOLpoor.

Paid $37k on a business property on 1/31.

I won my protest in arbitration two months ago, so my payment should have been 11k less. However, it hasn't "processed through their system" yet, so I still had to pay the full amount to avoid penalties. Maybe I'll get my money back in a few months.

****ing mother****ers.

jagvocate said:

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I used to believe the same about income tax. Then I moved to an income tax state with low property taxes. I think I'll take the latter. TX should be ashamed of the games they've allowed tax assessors to play over the years

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It depends one one's income.