WOW, Just looked and Bitcoin is over $88k

So will they accept a mental disability?

 

I’ve been through enough psych evals already. That won’t be the case. Sorry.

 

Stillllll going up. I'm surprised it hasn't broke. Maybe WWIII in the next two months will break it?

 

There won't be a WW3... BUT that $100k barrier is real. If it breaks that it's going to go crazy. Hope you guys got yours

 

I was like wait what??? You can get property tax exemption with VA disability...sweet.

Then I looked at Texas...if you are 10-90% disabled you get like 3K-12K off the assessed value of the home. So if you are 20% and your house is assessed at $200,000k...its now assessed at $197,000 so not a big deal really.

So until Texas gets property taxes back to 'normal' its off the list of places i will look at moving.

 

Sorry. I was going by what the disabled vets in Texas I communicate with pretty regularly at work have told me.

 

isn't there no state income tax? money's gotta come from somewhere, the state is always gonna get theirs. income tax, giant sales tax, property tax... you gonna get hit from one of em' anywhere you go, its just which one affects you the least in what you're trying to do.

i don't plan to ever end up in TX, but i can imagine a lifestyle where you're a high earner just renting, and rents there are substantially lower than DC... you could make out like a bandit. owning though...

 

No worries. I am not 100% so i assumed it was a % off...and 3-5K off of the bill would be great...but its a reduced valuation so it does lower your taxes but not by much.

Thanks for putting this on my radar though.

 

Correct no state income tax...and their sales tax is a little higher than some states but their property taxes are a bit much.

 

One of ‘em?

Try all three! And then some!

 

You're gonna pay them. All you are doing is classifying them under different names.

 

Close... It's 5K to 12K unless you are 100% disabled and unemployable through a service-related disability, then it's 100% exemption.

Details: https://myarmybenefits.us.army.mil/benefit-library/state/territory-benefits/texas

Out here in the boonies, my property tax rate is less than 1.5%. The Lubbock house is just over 2%, no exemptions. Some areas of Dallas County/City are almost 3%.

Sales tax is 8.25%.

 

That's why I put the 10-90% in there....$hit for brains....

100% disability is not germane to the conversation. We got a lot of 100% disabled folks on here....but that's due to Mother Nature...not the VA.

 

In the DFW area, they charge 2-2.7%, which was okay from about 87-2014 when my house basically went from 68-140k in value in 27 years. However in the next 5-7 it went from 140-340 and property taxes did too, so it really hurt people on fixed incomes and newer families that want to come into the state and purchase.

Texas was doing great before the huge increase in real estate taxes the state received, even with no state income tax. Now IMO, they have a huge excess. They did increase the homestead exemption, which reduces your assessed value and some cities are voluntarily reducing their take. Below are the reductions, where my house is, but since I don't reside in the house, I don't get the homestead reductions. Starting next year the state implemented something similar to California's Prop13. The taxes can't increase more than 10% a year in Texas, for California the number is 2% a year.

• In 2018, the Flower Mound Town Council approved the Town's first homestead tax exemption equal to the greater of $5,000 or 2.5% of value.
• In 2021, the Town Council voted to double the exemption to equal to the greater of $5,000 or 5% of value.
• In 2022, the Town Council doubled the exemption to equal to the greater of $5,000 or 10% of value
• In 2023, the Town Council voted to again increase the exemption to equal to the greater of $5,000 or 12.5% of value.

Other no income tax states charge much less real estate tax. Tennessee has a weird formula where they access at 1/4 value or something odd....anyway it seemed to shake out at about .005-.007 tax. I think my buddie in Florida pays around .01%. In the Carolinas, which do have income tax, it seemed to range from .005-.0088 of the value. We did go to a cool neighborhood in NC called Saint James plantation. All the houses and condo's were in great shape and an awesome neighborhood, with a marina, and a few clubhouses that serve food, golf courses, etc. Anyway, a really nice 800K house we looked at, the taxes were only $1800 per year or .00225. Evidently the founders of that neighborhood had some kind of exemption from paying school taxes?

@auminer or any other Texans, please feel free to correct any mistakes.

 

that's how Boise was/currently is too. my best friend moved there in 17-18' before the COVID explosion and paid $465k for a new build that is now like $1m. but he said they hear a TON of complaints all the time from old-timers and long term residents on fixed incomes because their property taxes have doubled or tripled in less than a decade. i feel for them, what a shitty thing to happen if you've lived your whole life there and had your elder years mapped out just to throw a wrench in it.

 

None of the criteria rate a 3K decrease. That's why I put ""close"" in there........ shit for brains.

 

+100 That is so correct. My parents are on a fixed income in Illinois, and Illinois also has high property taxes. Fortunately for them, taxwise, property hasn't done much. The house they bought in 1979 for around $60K is probably worth $140-150K now.

 

Mine isnt full of $hit...its full of chemical residue and damage.

And your correct the base is 5K....someplace mentioned something about 3k but thats some weird farm to market or flood control tax exemption.

 

Thats because people are fleeing that $hithole....wait till the values start to drop.

I know it will hurt a lot of people, but i would love to see some of the Blue Cities...remember there are no Blue States, only Blue Cities...pull a Detroit or Rust belt of the 80s and have so many people leave house values plummet. Then maybe the people who live there will re-think their voting preferences.