Blame Californians for Jacking Up Texas Home Prices, Analysts Say

[IsailedawayfromFR]

Now there is a good thing, from California; voters in 1977 to pass Prop. 13.

Prop. 13 states that property taxes, cannot increase from the initial rate when you purchase the property, by more than 2% per year. The rate is 1% of accessed value, plus locally approved bonds. That usually means a rate of about 1.2%.

300,000 property purchased 5 years ago, would be (300000*0.012) 300000*.012=$3,600

Ask those people coming from California. They may try to get it going, in TX.

It was to prevent the often huge increases, from reappraisal. It has been attacked, but not defeated yet. That is 40 years of predictable taxes.

We have essentially the same thing here in Texas, only for people 65 and over.  That is why I said 'generally'.

[IsailedawayfromFR]

His user name should be IsailedawayfromCA

Closer to the truth would be IsailedbacktoTX

Was gone 24 years, and will now never leave

[skeeter]

Now there is a good thing, from California; voters in 1977 to pass Prop. 13.

Prop. 13 states that property taxes, cannot increase from the initial rate when you purchase the property, by more than 2% per year. The rate is 1% of accessed value, plus locally approved bonds. That usually means a rate of about 1.2%.

300,000 property purchased 5 years ago, would be (300000*0.012) 300000*.012=$3,600

Ask those people coming from California. They may try to get it going, in TX.

It was to prevent the often huge increases, from reappraisal. It has been attacked, but not defeated yet. That is 40 years of predictable taxes.

They've found ways around porp 13, BTW, in the form of 'special assessments', which they raise yearly instead of the 'base tax', which they claim is the only component effected by prop 13.

The result is my property tax effectively went up by 8 percent last year.

[uglybiker]

We can have all new bumper stickers!!!

"I don't care how they did it in California".
"Last one out of Los Angeles, turn out the lights."

How 'bout:

This ain't California.
And we aim to keep it that way.

[Smokin Joe]

When retired, no one cares much for net worth as much as taxes staying low.  Higher prices = higher taxes generally.

Exactly. A retired couple, also complaining about reassessments here during the oil boom, pointed out that the house they were being taxed on an assessment of close to half a million was the same one they paid five thousand for just after WWII. They'd lived there the whole time, and hadn't built on. So your house is worth more, but if you aren't selling, that just means you pay more taxes.

[Smokin Joe]

Yep. Have I mentioned that Montana has -40 below weather for 8 months out of the year, skeeters the size of house cats and grizzly bears around every turn of the trail?

We don't have any grizzlies left. What the skeeters didn't get they wolves ate.

[Sanguine]

How 'bout:

This ain't California.
And we aim to keep it that way.

I like that one.  May have one made up.

[Wingnut]

Closer to the truth would be IsailedbacktoTX

Was gone 24 years, and will now never leave

Somedays I miss living in Fort Worth.  I don't miss traveling to Austin however.

[GrouchoTex]

How 'bout:

This ain't California.
And we aim to keep it that way.

Yep, I'll go with that one, too.

[GrouchoTex]

That's why they invented air conditioning.

Try growing up in that weather outside Houston without AC like I did

BTW, I've lived in New England as well.  It gets hot and not much AC either.  Just not that many days.  And hurricanes. Had an eye pass over my house once.

The Eye of Alicia passed over my place.

[GrouchoTex]

I just sold a lakehouse on Lake Livingston.  Close enough to Houston that people love it for weekends.

And that line between Caldwell to Halletsville is pretty close to Shiner......

 

Absolutely close to Shiner....

 

[GrouchoTex]

Now there is a good thing, from California; voters in 1977 to pass Prop. 13.

Prop. 13 states that property taxes, cannot increase from the initial rate when you purchase the property, by more than 2% per year. The rate is 1% of accessed value, plus locally approved bonds. That usually means a rate of about 1.2%.

300,000 property purchased 5 years ago, would be (300000*0.012) 300000*.012=$3,600

Ask those people coming from California. They may try to get it going, in TX.

It was to prevent the often huge increases, from reappraisal. It has been attacked, but not defeated yet. That is 40 years of predictable taxes.

Lt. Governor Dan Patrick was on TV last week, talking about legislation that would do something similar here.
My own home is a 1600 sq ft suburban place, is about $150K and my taxes are $2600.
Still we have no state income tax, so I am saving in the long run.
It isn't the county and city tax, as much as it is the school tax, that make the property taxes higher (where I live, anyway).

A friend of mine bought a house in Fontana, which is no place to get excited about, in the early 80's and my house is very similar (but mine is in a better neighborhood).
My house hasn't reach as high of a value as his was purchased for 30+ years ago.
Don't get me wrong, I am not complaining about that.

[GrouchoTex]

I just sold a lakehouse on Lake Livingston.  Close enough to Houston that people love it for weekends.

And that line between Caldwell to Halletsville is pretty close to Shiner......

You being familiar with Livingston, our property is by Point Blank.

[truth_seeker]

Lt. Governor Dan Patrick was on TV last week, talking about legislation that would do something similar here.

In the 70s house prices were rising rapidly in Calif. The old method of setting taxes, by unpredictable increases in accessed vales, was taking a toll on people with fixed incomes.

A pair of conservative businessmen came up with Prop. 13, as a method of preventing government from simply raising taxes.

One was Howard Jarvis, a friend of my father. He was not a politician. Just a smart man that concluded the ONLY way to restrict government, was by restraining the growth of money they could get.

This all went down just a few years before Reagan was elected. I wish we could "Make California Great Again," those were some good times.

[GrouchoTex]

In the 70s house prices were rising rapidly in Calif. The old method of setting taxes, by unpredictable increases in accessed vales, was taking a toll on people with fixed incomes.

A pair of conservative businessmen came up with Prop. 13, as a method of preventing government from simply raising taxes.

One was Howard Jarvis, a friend of my father. He was not a politician. Just a smart man that concluded the ONLY way to restrict government, was by restraining the growth of money they could get.

This all went down just a few years before Reagan was elected. I wish we could "Make California Great Again," those were some good times.

I remember that. I lived there then.
I was in High School.
Yes, it was a different time and place.
wasn't Moonbeam the Governor then, too?

[truth_seeker]

.. Moonbeam the Governor then, too?

Brown became Governor in 1975, following Reagan (1967-1975).

Prop. 13 was enacted in 1978, but the conditions which led up to it, took place over the preceding years (during Reagan, and high national inflation).

[IsailedawayfromFR]

You being familiar with Livingston, our property is by Point Blank.

Then ours was on the same side right up the lake, where the fishing is good South of Riverside near the Carolina Creek encampment.

[IsailedawayfromFR]

Somedays I miss living in Fort Worth.  I don't miss traveling to Austin however.

Have you been lately to FW?  If not, it will be a shock.  Toll roads going up all over like Austin.

We stayed downtown and saw a musical at Bass Hall.  Where Sundance square was, there are fountains and restaurants.

Still like the place as my grandkids live there, but it sure seems like it is becoming an Austin wannabe.

[Wingnut]

Have you been lately to FW?  If not, it will be a shock.  Toll roads going up all over like Austin.

We stayed downtown and saw a musical at Bass Hall.  Where Sundance square was, there are fountains and restaurants.

Still like the place as my grandkids live there, but it sure seems like it is becoming an Austin wannabe.

Left 18 monhs ago.

Those toll roads  (like 121) take the ass holes out of Fort Worth back to Plano, Frisco, McKinney aka.. little California.