SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (279471)3/9/2006 10:28:51 PM
From: bentway  Read Replies (2) of 1572535
 
As someone who's lived in CA and Texas, I can tell you that CA RE taxes are much, much lower than Texas rates. Prop 13 limits their rise year to year more than any other place in the country. In Texas, there is no limit on the amount they can rise at all, and it's got the highest rates in the country. No income tax, but you're taxed and fee'd out the wazoo every which way you turn.

A sale is the only thing that will reset the RE tax basis in CA, other than the tiny fraction Prop 13 allows it to rise. In the neighborhood I used to live in in Oceanside, there were kids living in a house inherited from their parents that was EXACTLY like mine, but they paid 1/10 the RE taxes.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News