Canyon Lake Agbu94 said:

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the most cool guy said:

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I just paid $34,000 in property taxes a week ago and I only get to deduct $10k. It would be really great if we could get rid of this stupid cap. The SALT deduction does not disproportionately benefit Texans, that is for sure. Our property taxes are so ****ing high we're actually paying more than many people elsewhere pay in state income tax.

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Technically, if you account for the general sales tax that is included in that $10k limit, even less than the capped amount comes from your substantial property taxes. These state property taxes need to be reined in. $34,000.00 seems crazy, even if you doubled up payments in one year.

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It's a brag, you would have live in a multimillion dollar house to have a property tax bill that high.

Goes to show most people still support high taxes becuase it's somebody else paying it.

Lived in Harris County for almost 40 years and sold our home in 2021. Tax rates are way over $2.00 per $100 valuation by the time you add MUD, HOA, EMS, etc. Also the valuation goes up every year. My son purchased a home recently and in some areas the total tax assessment was over $3.00 and pushing $3.50. State and local taxes are rising faster than the National debt. And then you add the dramatic rise of home insurance over the past 10 years.

The SALT cap was an increase in taxes for the middle class and a tax cut for the upper class.

High earners get around the SALT cap with pass-through entity taxes in their partnership interests. The middle class that pays more than $10k in SALT, but isn't wealthy enough to own partnership interests electing into PTET regimes, get screwed.