Originally posted by Pintail45
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Texas Property Tax
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Originally posted by curtintex View PostDon’t forget you get to pay income tax on the profits realized from the RV park. Uncle Sam gotta get his too.
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Originally posted by RWB View PostKirk, no doubt and thank you and your company for the new HEB right around the corner from my house and the RV park. Seriously every time I went by the HEB construction site your guys were getting it, even late into the night. I total understand running buisness and everyone wants their cut. I just think Texas system is antiquated and needs to adjust. There should be some kind of adjustment for multifamily income producing families.
Thanks for the compliment on my guys. Those guys work hard and take a lot of pride in what they do. Enjoy the new HEB.
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By comparision, Texas property taxes aren't the worst.
My brother lives in Connecticut and that state has some serious property taxes - they tax your land, your house, your vehicles, your trailers, your boats, and a general "furnishings" tax, all property every year, and that's after you pay the state sales tax when you buy these things. Then they have a significant state income tax in which no property taxes can be deducted.
I suspect that California is along the same lines.
So yes, our land / home property taxes seem high but by comparison, Texans do not pay as much as many states. On the other hand, many states pay less but they also have income taxes.
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Originally posted by Dusty Britches View PostBy comparision, Texas property taxes aren't the worst.
My brother lives in Connecticut and that state has some serious property taxes - they tax your land, your house, your vehicles, your trailers, your boats, and a general "furnishings" tax, all property every year, and that's after you pay the state sales tax when you buy these things. Then they have a significant state income tax in which no property taxes can be deducted.
I suspect that California is along the same lines.
So yes, our land / home property taxes seem high but by comparison, Texans do not pay as much as many states. On the other hand, many states pay less but they also have income taxes.
I dont disagree with you at all check out this link which shows Texas in the middle of the pack.
I honestly dont think the problem is the tax amount we pay in total, the problem is how much is being driven by property tax. My post was just to highlight one way that the property tax system in Texas is antiquated and that it is burdening single family households unfairly.
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