Originally posted by Chief Big Toe
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Moving because property taxes?
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Originally posted by friscopaint View PostI bailed on Frisco 8 yrs ago, live in Grayson county now but still not cheap and prices are skyrocketing but that only helps if you are selling which we will be but has to be someone wanting a wedding venue
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Moving because property taxes?
Originally posted by S-3 Ranch View PostYou might want to wait awhile, my sister lives in Los Angeles and the housing market is still in full swing/ the bubble hasn’t popped
P.s she has no property taxes, but has to send her children to a private school @ $15,000-$20,000 per child :eek
You can spend almost that much or more to send your kids to private school in Baton Rouge.
I think 12k may be the low and up to almost 25k is the high.
Sent from my iPhone using Tapatalk ProLast edited by Black Ice; 04-28-2021, 10:02 PM.
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Originally posted by Black Ice View PostYou can spend almost that much or more to send your kids to private school in Baton Rouge.
I think 12k may be the low and up to almost 25k is the high.
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We looked into wether or not we could afford sending our son to private school several years ago.
The one near us was $1,500 a month if you did the 12 month payment plans.
That’s 18k a year.... the price of a fricking mortgage. We were shocked.
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Originally posted by IkemanTX View PostWe looked into wether or not we could afford sending our son to private school several years ago.
The one near us was $1,500 a month if you did the 12 month payment plans.
That’s 18k a year.... the price of a fricking mortgage. We were shocked.
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Imagine having 2 to 4 kids like some folks have. My boss has 4 and he’s around 7k for 3 of them and 12k for one.
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Originally posted by Black Ice View PostImagine having 2 to 4 kids like some folks have. My boss has 4 and he’s around 7k for 3 of them and 12k for one.
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Originally posted by WyoBull View PostWyoming real estate is pretty expensive on the front end compared to Texas. One difference is that our property taxes have been pretty low because the oil, gas and coal industry up here has historically picked up a good portion of that tab. That is about to change however and I would not be surprised to see taxes go way up here.
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Texas on the other hand confiscates a persons hard earned money no matter what they spend. So if I make 50k a year, but save every penny for 20 years, drive crappy cars my whole life, to buy that real nice house in the real nice neighborhood, the state will steal my money at the same rate as the guy who has the same real nice house, with two lifted superduties in the driveway, a boat in the garage, and a camper parked alongside the house.
Folks don't realize, if you have a property tax, you never truly own anything. Just rent it from the government.
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I would never complain about my property VALUE increasing. The real issue here is the tax rates stay the same or increase on an increasing taxable appraised value.
Simply put, the tax revenue may increases regardless of the rate increase (based upon appraisal). So why do we not ever see a reduction in the rate. Politicians boast about not increasing tax rates....well you still got more tax revenue over time so why not decrease the rate. Anyways...
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Originally posted by WItoTX View PostMy opinion, Wyoming has a much better taxing structure in place than Texas. Tax people on what they purchase, so the people who consume the most, pay the most in taxes. And there is a state sales tax and locals sales tax. Wyomings sales tax may need to be tweaked to adjust for out of staters, but I would rather have that than property taxes.
Texas on the other hand confiscates a persons hard earned money no matter what they spend. So if I make 50k a year, but save every penny for 20 years, drive crappy cars my whole life, to buy that real nice house in the real nice neighborhood, the state will steal my money at the same rate as the guy who has the same real nice house, with two lifted superduties in the driveway, a boat in the garage, and a camper parked alongside the house.
Folks don't realize, if you have a property tax, you never truly own anything. Just rent it from the government.
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Originally posted by WItoTX View PostMy opinion, Wyoming has a much better taxing structure in place than Texas. Tax people on what they purchase, so the people who consume the most, pay the most in taxes. And there is a state sales tax and locals sales tax. Wyomings sales tax may need to be tweaked to adjust for out of staters, but I would rather have that than property taxes.
Texas on the other hand confiscates a persons hard earned money no matter what they spend. So if I make 50k a year, but save every penny for 20 years, drive crappy cars my whole life, to buy that real nice house in the real nice neighborhood, the state will steal my money at the same rate as the guy who has the same real nice house, with two lifted superduties in the driveway, a boat in the garage, and a camper parked alongside the house.
Folks don't realize, if you have a property tax, you never truly own anything. Just rent it from the government.
So you are in favor of a consumption tax? I am too.
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Originally posted by redtailz View PostFinally got my wife to understand this. I don't care if I ever pay off my house! I will keep refinancing it and pulling money out of it to invest else where. Don't pay Tax on borrowed money and it shrinks the amount I will pay when I do sell. My thought is to get your monthly "rental" payment as low as you can since you will have one all your life.
I won't have a payment all my life. Vehicle or house!
Some do yes. If you live the way most people do
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Originally posted by WItoTX View PostMy opinion, Wyoming has a much better taxing structure in place than Texas. Tax people on what they purchase, so the people who consume the most, pay the most in taxes. And there is a state sales tax and locals sales tax. Wyomings sales tax may need to be tweaked to adjust for out of staters, but I would rather have that than property taxes.
Texas on the other hand confiscates a persons hard earned money no matter what they spend. So if I make 50k a year, but save every penny for 20 years, drive crappy cars my whole life, to buy that real nice house in the real nice neighborhood, the state will steal my money at the same rate as the guy who has the same real nice house, with two lifted superduties in the driveway, a boat in the garage, and a camper parked alongside the house.
Folks don't realize, if you have a property tax, you never truly own anything. Just rent it from the government.
Yes, real estate is more expensive here on the front end price of the house that what we experienced in Austin, but I would rather pay more up front in the asking price and then pay less in property taxes now that it is paid off because as you mentioned, property tax is ongoing and never ends. You think you own your home outright, but try not paying your property taxes and see how long they let you stay there.
Regardless of where you live, you are going to pay up one way or another.
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