One of our DILs is a Wharton Grad, and she used this table to show our son that a move to Texas could cost them money re property taxes. Their current Cali home is 17 going on 18 years old and their property taxes are limited by prop 13.
There is apparently no limit on property taxes in Texas.
https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585
Look at the graph that shows property taxes per year for the last years. “Depending on where you live, property taxes can be a small inconvenience or a major burden.
The average American household spends $2,197 on property taxes for their homes each year, according to the U.S. Census Bureau, and residents of the 27 states with vehicle property taxes shell out another $436. Considering these figures and the rising amount of debt in America, it should come as no surprise that more than $14 billion in property taxes go unpaid each year, the National Tax Lien Association has found.
And though property taxes might appear to be a non-issue for the 37 percent of renter households, that couldn’t be further from the truth. We all pay property taxes, whether directly or indirectly, as they impact the rent we pay as well as the finances of state and local governments.
But which states have the largest property tax load, and what should residents keep in mind when it comes to meeting and minimizing their tax obligations? In search of answers, we analyzed the 50 states and the District of Columbia in terms of real-estate and vehicle property taxes. We also asked a panel of property-tax experts for practical and political insight. Read on for our findings and a full description of our methodology.
1 REAL-ESTATE TAX RANKING
2 VEHICLE PROPERTY TAX RANKING
3 ASK THE EXPERTS
4 METHODOLOGY
The Changes to Real Estate Tax Rates Over Time graph shows the clicking time bomb of real estate taxes for the past years.
Did the Wharton grad factor in income taxes? Costs to register a car? Comparative home values based on square footage?
Toyota has caused a significant disruption in local housing prices, but the shortage is beginning to ease.
But tell her to stick to her numbers - sounds like the kind of folks we are better off having stay in California.