The wife and I decided to stay in Dallas and are looking around for homes.
One of my co-workers told me about the Viridian development area in Euless. Its part of the HEB ISD.
House prices seem reasonable around $300K for new builds but the property taxes are giving me heartburn. Here is a breakout of the tax bill....
Tax Unit - Tax Rate
City of Arlington - $0.6348
Tarrant County - $0.234
Tarrant County Hospital - $0.224429
Tarrant County College - $0.136070
Viridian MMD - $0.4481
HEB ISD - $1.27
Total Tax Rate: $2.95 per $100 of Value
Tax Bill= $2.95*($326,000/100) = $8,822
That is significantly higher taxes for what you'd find in Plano or the north suburbs. I know that these are Municipal districts which have higher tax rates, but can one expect the rates to go down eventually?
I find it really hard to justify ~$800/month in taxes on a property worth $326K when you factor in mortgage costs + Insurance. You might as well move to a more established area and pay the higher price for the house.
Does anyone live here or in the HEB district? Is it worth it?
One of my co-workers told me about the Viridian development area in Euless. Its part of the HEB ISD.
House prices seem reasonable around $300K for new builds but the property taxes are giving me heartburn. Here is a breakout of the tax bill....
Tax Unit - Tax Rate
City of Arlington - $0.6348
Tarrant County - $0.234
Tarrant County Hospital - $0.224429
Tarrant County College - $0.136070
Viridian MMD - $0.4481
HEB ISD - $1.27
Total Tax Rate: $2.95 per $100 of Value
Tax Bill= $2.95*($326,000/100) = $8,822
That is significantly higher taxes for what you'd find in Plano or the north suburbs. I know that these are Municipal districts which have higher tax rates, but can one expect the rates to go down eventually?
I find it really hard to justify ~$800/month in taxes on a property worth $326K when you factor in mortgage costs + Insurance. You might as well move to a more established area and pay the higher price for the house.
Does anyone live here or in the HEB district? Is it worth it?