As soon as a Californian plops down double or triple the going rate on just one property in a county in Texas, the robber baron tax assessor decides that every muddy floodplain inch of soil in the county is worth six times as much.
Every homeowner the county decides they are sitting on a lottery ticket and baits the hook for the next Californian to come along with a wad of cash to burn.
Eventually the wave subsides, the foreclosures come for all the idiots caught up in it who didn’t plonk down California cash. The robber baron tax assessholes don’t move an inch, except for the foreclosures selling for 30 cents on the dollar where they have no choice.
The only good news in this is that every election cycle Texans are starting to view property tax the same way they see income tax and the politicians are starting to notice.
My modest 3.5 acres with a 1991 mobile home has gone up in value (according to the mostly-honest tax assessor - tongue deeply in cheek) a slight 7% on the land and 3% on the structure.
Have you ever seen a 1991 Mobile home with single pane windows go UP in value by 3%?!? ME NEITHER! Mobile homes are like cars...they only have a one-way value plane...down! And UNLIKE cars, they do NOT become “classic” after 25-30 years...they become pieces of sh...tuff!
I have had to protest my taxes every year because they continue to try to make my mobile home worth MORE $$. This year the land value is the same and they are saying my mobile home went up in value by 5.5%!?!?!
Tax collectors are just legalized robbers!!