income tax in Texas is offset by high property tax so the "no state income tax" shit is really not that attractive when you consider that property tax in Texas makes it impossible to truly own land.
just curious, do you actually live in Texas? I see a lot of people flaunt this "no income tax" thing when they don't even live there. I live in Oklahoma but was born in Texas and have lived there multiple times throughout my life so I have seen the cost comparisons of property tax vs. income tax and at the end of the day, with salary and property ownership assessed at an average level, the come close to balancing out...
it comes down to how much property do you wanna own versus how much taxable income do you make.
income tax in Texas is offset by high property tax so the "no state income tax" shit is really not that attractive when you consider that property tax in Texas makes it impossible to truly own land.
just curious, do you actually live in Texas? I see a lot of people flaunt this "no income tax" thing when they don't even live there. I live in Oklahoma but was born in Texas and have lived there multiple times throughout my life so I have seen the cost comparisons of property tax vs. income tax and at the end of the day, with salary and property ownership assessed at an average level, the come close to balancing out...
it comes down to how much property do you wanna own versus how much taxable income do you make.
^^This.
My property taxes went from $3100 to $4800 over night after buying a new home.
Included are the stupid-high school taxes, which coincidentally, pay for the illegals who cross the border to get a free education on our dime.
Yikes. What kinda property and home are we talking about? That’s a lot
5 acres and 2000 sq ft, in the middle of nowhere.
I’m an idiot. I was thinking about what I pay monthly and compared to your number which I’m assuming was annual.
I think I’m around 7000 for 1600 sqft on an acre in a subdivision. In NY
Texas is not the only income tax free state.
But it's true there are no states without a property tax, some have a lower property tax than others.