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.