Austin is the ‘silicon valley’ of TX and CA yupppies, selling their 800 sq foot homes there for 1.5 million move to Austin in 4000 sq foot homes for half the price.
Yeah, you really want to live in Austin - it’s like living in silicon valley in CA…
Move 15 miles away and prices and taxes drop like a rock…
My sis lives in Gaithersburg MD outside WAsh DC. 50 year old house - $800,000 now and $15,000 tax bill!.. plus state income tax and state sales taxes… a democrat strong hold.
Everywhere else in TX, real estate taxes are a lot less, and of course, no income taxes…so that is how the state/local governments pay for the services and schools.
“Here in OR, the tax rate is 9% of taxable income starting above the very low joint income of $17,800. And the max income tax rate of 9.9% kicks in at $250,000 for a couple.”
Wow…so a couple in OR can pay $25,000 in income taxes just to OR!..on a typical $125,000 per earner salary. More if they are high earners - the sky is the limit!
Meanwhile in TX…no state income taxes.
tele lives in nice 2500 sq foot 4 bedroom, 2 living area, 3 bath house with swimming pool just north of Dallas…$350,000 appraised value …and my taxes are $4000 a year for ‘real estate’ and zero for income taxes. Of course, at age 65 , your taxes are ‘frozen’ and mine are that of 10 years ago now…(g) …
So tell me how a couple in OR is so much ahead!