Property taxes in TX
bossyvossy
7 years ago
Featured Answer
Sort by:Oldest
Comments (8)
IdaClaire
7 years agobossyvossy
7 years agolast modified: 7 years agoRelated Discussions
Taxed Out?
Comments (49)Sue36 - I just moved to Maine myself and am astounded at the taxes they collect. Of course I came from Alabama where the property taxes are the lowest in the country I think. But we still had services there that I don't enjoy here like garbage pick up. I never thought I'd miss city garbage pick up. We still paid something each month for the garbage pick up but it was nice, they had these big green rolling trash bins that would hold volumes of garbage. I miss that. Even when the money is there - like the argument over the police department buying a car - and the money was coming from a federal grant not the town budget - which meant it could only be used to buy the car for the police department - let's say it was an interesting discussion at the town meeting. I felt sorry for the police chief. While sales tax is much cheaper than Alabama - Maine income tax is higher - I'm finding all the other taxes I have to pay - like a tax on the full purchase price of my car new - even though I bought it used at substantially less. I can see why the folks around here get a little more than bent out of shape over their taxes. No tax on food but then they get it out of another pocket of the taxpayers. The monthly expense of real estate taxes weighs heavily in our mortgage budget decisions. As yet I can't seem to find that perfect blend of house and payment. It's frustrating. MP...See MoreAccess, Easements & Property Taxes
Comments (6)Thanks for the replies. Lily'smom, that is exactly what was going on. The property with the house had the garage, from another parcel, on its tax bill. The realtor found out that the garage didn't come with the house & the seller had full rights to use our driveway to access the garage. We also found out that there was another lot in front of the house that he was selling with no road frontage, it's blocked by another parcel that does have it. We saw potential future headaches with this setup & decided to pass on this. Within a few hours, we found another country home with no weird tax/property issues that holds some promise. It has been on the market for almost 4 months & was built in 2004. We hope to view this very soon & hope it'll work out. Thanks again folks for the responses....See MoreBuilding tips for LOOOOOOOOOWWWW Property Taxes
Comments (21)I am not sure how frequent reassessment is, but for me this is not germane to the topic because they will come. I have no idea what I can expect to save, but I am on a trajectory to find that out soon. It is certainly not a common goal. Sometimes when you wonder into territory that most people don't, you are trailblazing and other times you are just lost. In this case, I suspect you are very probably lost. The reason this is not a common goal is that the math just doesn't work out for most people. Simply spending less money is a great idea, and so is keeping maintenance and upkeep in mind. However, in the end, if your drive towards ad valorem savings accelerates maintenance, or leads to non-standard material you will probably spend more than the savings themselves are worth. The actual value of a dollar of annual tax savings is something between $9 and $11. So $500 of annual tax savings which is probably about $70,000 of home devaluation in middle Tennessee is worth between $4,500 and $5,500 of cash outlay during the build. Also since the value is only $4,500 to $5,500 almost any accelerated maintenance because of this plan wipes out the savings. ---- My personal advice is build smart, modest, and standard, then the net savings will be better than any tax savings. I am of the opinion that the words, "I have a great idea that you haven't seen before" never go with the words, "and it will save a ton of money." Just my 2 cents......See MoreADU more property tax-is it worth it?
Comments (0)Is adding an ADU to your home worth it? After the County increases property tax, additional rental insurance, additional utility fees.......(Oregon, Clackamas County)...See Moreamyktexas
7 years agotexanjana
7 years agoUser
7 years agojaviwa
7 years agobossyvossy
7 years ago
Related Stories
REMODELING GUIDESArchitecture Pays Tribute to the Tax Man
Skipping taxes doesn't always mean skipping the country. These architectural features let owners avoid certain taxes without leaving home
Full StoryREMODELING GUIDESDesign Workshop: Is an In-Law Unit Right for Your Property?
ADUs can alleviate suburban sprawl, add rental income for homeowners, create affordable housing and much more
Full StoryMOVING5 Risks in Buying a Short-Sale Home — and How to Handle Them
Don’t let the lure of a great deal blind you to the hidden costs and issues in snagging a short-sale property
Full StoryLIFECould You Be a Landlord?
Sure, the extra income would be great. But jumping blindly into owning a rental property could be disastrous. Here's what you need to know
Full StoryARCHITECTUREExploring Architecture: Discover the Secrets of Georgian Style
What gives a Georgian property its distinctive character? Take a look at the features that mark this architectural era in Britain and beyond
Full StoryHOUZZ TOURSHouzz Tour: Picture-Perfect Simplicity
It’s like camping out in a catalog sometimes at this classic farmhouse — Pottery Barn and other retailers love it for photo shoots
Full StoryGREEN BUILDINGGoing Solar at Home: Solar Panel Basics
Save money on electricity and reduce your carbon footprint by installing photovoltaic panels. This guide will help you get started
Full StoryTINY HOUSESHouzz Tour: A Custom-Made Tiny House for Skiing and Hiking
Ethan Waldman quit his job, left his large house and spent $42,000 to build a 200-square-foot home that costs him $100 a month to live in
Full StoryHOUZZ TOURSMy Houzz: A Reclaimed Wood House Rises From the Trees
Scorched siding, thoughtfully repurposed furnishings and a connection to both family and nature shine in this designer's new build
Full StoryTRADITIONAL HOMESMy Houzz: Step Inside a Grand 1800s Victorian
A 7,000-square-foot historic estate returns to glory, thanks to loving renovations by a tireless Texas couple
Full Story
IdaClaire