MAROON said:
Quote:
Texas property taxes are extremely low
8th highest property tax burden of all states is not low. We also have the 12th highest sales tax burden, combined with 0 state income tax gives us the relatively low total tax burden that is ranked 37th.
How the 50 States Rank By Tax Burden - CPA Practice Advisor
all we are talking about is how to divide up the where the money comes from - which is part of the problem. We should be demanding lower expenditures AND lower taxes.
I'm negative property taxes because it's based on a made-up number by a government authority. A number that provides $0 to my cash in-flow but adds to my cash outflow.
It is based on two numbers. The first and most important is indeed a made-up number by a government authority. Its not the value of your property, it is that authority's
budget.
Then everybody within the boundaries of that authority has to pay for it. We're not talking about taxing you more because your value is more, but thats how everyone understands it. We're talking about dividing the budgeted amount of tax up among property owners based on how much property each owner within the district owns. You dont pay more because property values went up. If everybody's value went up proportionally and the government authority set the same budget, then everybody's tax would stay exactly the same. However, government is able to raise taxes when property values go up and pretend that they arent, and luckily for them the blame falls on the appraisals, which I'm sure is how they like it.
Thats not to say that appraisal isnt a problem, it is but moreseo because its kinda hard to appraise all property in entire counties. Its impossible to know everything you need to know about every property to do so accurately even in the smallest counties, which also also are going to have a tiny budget.