They had municipal taxes, county taxes, school district taxes (when massive school bonds pass every single year without fail that one can really add up), emergency service district taxes, Water District taxes, Healthcare District taxes.
That shit adds up when the value of your property doubles every 3 years like it has been doing in Texas.
No, $40k/yr in property taxes is insane unless your parents own several mansions, even for Texas where the highest property tax rates are around 2.5%. Even if you tack on millages and bonds and other things there’s no way it gets near that.
There’s a lot of bad takes and clear misinformation from disaffected people in this thread. Stuff like this should be obvious.
For the city. Then double the city rate for the school district, then add some more for the MUDs and the County and the Health district and the Emergency services district. Shit adds up fast, and when you buy a house new for 180 grand and a few years later it’s valued at 700 grand, you have to move because you can no longer afford to pay the taxes.
chiliedogg@lemmy.world 3 weeks ago
It’s really not that crazy in some areas.
They had municipal taxes, county taxes, school district taxes (when massive school bonds pass every single year without fail that one can really add up), emergency service district taxes, Water District taxes, Healthcare District taxes.
That shit adds up when the value of your property doubles every 3 years like it has been doing in Texas.
glockenspiel@programming.dev 3 weeks ago
No, $40k/yr in property taxes is insane unless your parents own several mansions, even for Texas where the highest property tax rates are around 2.5%. Even if you tack on millages and bonds and other things there’s no way it gets near that.
There’s a lot of bad takes and clear misinformation from disaffected people in this thread. Stuff like this should be obvious.
chiliedogg@lemmy.world 3 weeks ago
For the city. Then double the city rate for the school district, then add some more for the MUDs and the County and the Health district and the Emergency services district. Shit adds up fast, and when you buy a house new for 180 grand and a few years later it’s valued at 700 grand, you have to move because you can no longer afford to pay the taxes.
bitjunkie@lemmy.world 2 weeks ago
It sounds like your parents just don’t want you to know that they suck with money.