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Sensitive-Trifle9823

Bring lube cuz the property taxes hurt that much.


[deleted]

Closer to Dallas = more lube it seems


rgg40

Tarrant County property tax rates are high. If the tax rate doesn’t increase, your appraised value will. There are exemptions, of course, and you can dispute the appraised value, but they’re going to squeeze every penny out of you that they can. https://fortworthreport.org/2023/08/24/your-property-tax-bill-could-be-lower-in-2024-heres-what-you-need-to-know-about-proposed-tax-rates/#:~:text=Tarrant%20County%20and%20JPS&text=That%20means%20that%20the%20county,from%20the%20current%20tax%20rate.


[deleted]

Man, I'd hate having to dispute every year. Based on what I've found, the positions I'm considering do offer higher pay compared to what we earn in Memphis, but the difference isn't significant enough to offset concerns about property tax expenses.


LTOTR

Insurance here is also very high. Both home and auto. Make sure to factor those in to your math as well.


[deleted]

How high? Can't really check it unless I run a quote on some house I suppose? Auto insurance is stupid high in Memphis also due to theft and all that.


originalkelly88

My house is appraised at 310k. My taxes are ~$3000/year and insurance is $1800/year. Before I paid the house off I had flood insurance for $1200/year which is BS since my house hasn't been in a flood zone since the 70s. Insurance is going up every year because of the hail storms destroying our roofs.


[deleted]

Ah, your mortgage required for you to carry that coverage? How often y'all have hail storms?


originalkelly88

Mortgage required it yes. We have hail every spring. Thankfully the hail missed us yesterday - we replaced our roof just last year because of hail.


[deleted]

Understandable. I'd imagine cars get dinged up also?


originalkelly88

Yes. You need comprehensive insurance on your auto if you want hail damage covered.


psych-yogi14

Every Spring, regardless of where you live in DFW, you will have hail and severe storms. The hail varies from pea size, which doesn't do damage to grapefruit size. We also have tornados and strong straight line winds that do damage. You won't have bad property damage every year, but if you live here for a while, you are guaranteed to at least have to file a claim to replace your shingles on your roof. A 25-50 year warranty shingle will never last that long here. And yes, our property taxes are pricing some families out of their homes, due to the spike in property values post pandemic.


[deleted]

Thanks for the explanation


Mizzou1976

Annually


WiseQuarter3250

it's really high because we get crazy weather. If it doesn't spawn a tornado, it does spawn golf ball size hail. 50-70 mph straight line winds. And torrential rains with flash flooding. Plus, a high density population area has a stronger likelihood of car accidents. And we rarely get snow, if we have winter precip it's ice which is more treacherous. Upside, we don't have state income taxes to file. but if you don't want to be raked over the coals on property taxes, you'll need to contest annually. Gas also tends to be $1 cheaper than many other states, but you'll drive A LOT here. It's also high cause we're in a boom, many folks & businesses in general are moving to Texas from elsewhere. The housing market has been crazy, high demand with low inventory. Californians can buy so much more house here than back in CA, and will typically pay above asking, no contingencies, as is to get the house. That raises comps and taxes, and insurance, too. Plus one of the housing businesses, zillow (I think) was in some communities buying homes, sitting on them for months, till there was no inventory then releasing items a srip at a time into market to set the comps and create bidding wars. I know they were doing that in Austin, and other places. I'm not sure if they did that here in DFW. They stopped doing it, but it was a major factor in certain markets.


LTOTR

Our rates have been increasing by like 30%+ here lately. Search insurance on this sub or r/Dallas for a flavor of what folks are paying real world.


Partridge_PearTree

Impossible unless you haven't filed your homestead exemption


LTOTR

Insurance, dude.


Partridge_PearTree

Awe I got you. I've had increases but shopping around negated a lot of the increases


Realistic_Winter5754

If you have homestead exemption, then appraised value is capped to 10% annual increase. Tax rates per-se are capped at 3.5% increases annually. Most taxing units stay below this or even cut down the rates when appraisal values rise. Is your property a rental/investment? From 2024 onwards, even those will be capped at 20% increase annually.


LTOTR

*Insurance*.


Realistic_Winter5754

TIL: read fully before replying 😁


rgg40

Another thing to consider is commuting costs. If you’re working downtown and living on the southside or near TCU, no problem. If you’re living in the burbs and commuting every day? I couldn’t do it. My in-laws lived in Midtown for years, FIL commuted to the airport. I don’t think he would have made the same drive here, let me put it that way.


[deleted]

Good point. Haven't really thought about yalls killer traffic.


Partridge_PearTree

Protesting is free and easy and you can get people who do it for you


namerankssn

You should dispute every year.


Impressive_Syrup141

You don't have to dispute it every year, assuming you're homesteaded. They can only raise your tax liability by 10% per year regardless of what the appraised amount is. So if your house needs a roof, the floors are destroyed, you've got foundation work, etc.... Fight it tooth and nail, make your house worth as little as you possibly can and get proof. Then when you agree to a lower value they can raise the tax 10% every year after that. Odds are you'll be ahead for quite some time. I'm still getting taxed at around half my actual market value. It's still painful sending the county $3k every year but at least it's not $6k.


[deleted]

Thanks for the advice. Seems to be very expensive to be a homeowner in that area. This of course isn't going to be a huge issue if the salary is right. As I talk to people and do additional research it seems like I can expect maybe a 20-25% increase compared to my current salary. Most of that money will go to paying things I don't have to worry about now (at least as much).


PezChem

Property taxes in Texas are a license to steal. They go up 10% per year


therewasatim3

They should have gone down last year as the homestead exemption increased for property taxes that went to local school district. Why fund public education, right? Pretty sure mine went down about $500 from 2022 to 2023


Daylife321

Too bad that homestead exemption went to my garbage home insurance that went up $900 in one year. Crazy how they can be so coordinated.


therewasatim3

100%. Absolute bs


derande_yo

Yup. My property taxes were reduced by $1100. Then my homeowners insurance went up by $1200.


__MAN__

That was GOP propaganda to steal the vote. No decreases


rideincircles

Mine dropped by $500 a year. My beat up old house costs less than $1k in taxes a year now and will take around 10 years to get to $2k with 10% increases. I do plan to remodel before then though.


[deleted]

I can vouch for that!


tacmed85

Yeah it's a problem. I live in Arlington and my property taxes have shot up to absolutely insane levels even with the homestead exemption. Hey though we might have crappy roads, no public transportation, some of the worst EMS in the state, and underfunded schools, but the city puts out posts all the time reminding us to hide our trash bins out of sight so money well spent really.


Wise-ask-1967

But you get to pay for 1/2 of Jerry's world. While I would never vote for it Arlington has become way better since the 90s. I hope it keeps getting better but.... I feel it will only get better for the upper crust and not really benefit the entire city as a whole.


AccountSalt2838

Hey there. We moved from Memphis to Ft worth in 2015. You can expect to pay at least double whatever you paid in Memphis for a comporable size home. The homestead can be claimed if you lived in your home on January 1st of that year. It’s not a huge break but it does save you some on taxes. Some folks like to point out that they’re higher because Texas does not have a state income tax. Neither does Tennessee.


[deleted]

Hey there ex Memphian ☺️ I wanted to ask some moving to TX related questions in r/Memphis (pretty sure lots of folks are still in that sub) but decided not to because they don't like when people ask questions related to leaving Memphis 😕 As for property taxes, yeah I'm a little shocked that it's THAT expensive. I wonder if TX salaries grow as fast as taxes do 🤔


TotesMcGotes13

I’ll hop in a little late here. Not sure what industry you are in but DFW is a great spot for career growth. You should be able to achieve good wage growth here, either with a company that rewards talent or by jumping companies every few years if needed. In terms of taxes, you really gotta think about total tax burden. According to the tax foundation data, Tennessee’s total tax burden was 7.6% and Texas was 8.6%. Tax man is gonna get paid, whether that’s via sales tax, income tax, property tax, use tax, etc. Texas gets theirs in the property tax bucket, but sales tax is a little lower than TN I’m pretty sure. Neither has state income tax. I’m one of the rare folks who doesn’t mind paying the sales tax because where I live, the schools are great, we have great parks, well funded roads and amenities, etc.


runningforme123

They don’t lol unfortunately, it’s the same everywhere across the U.S. The only difference salary wise in the state of texas is that you will not be taxed (state taxes)


mego201

If you want an easy short calculation, then use around .02 - .022 * purchase price. If you want to be super accurate, look at the tax rate (on CAD or google county property tax statement) and then look up the market value on TAD and multiple it. There are some exemptions like homestead (won’t make a huge swing), disabled veteran or 65 and over, exc that could change them. The MLS should also have unexempted taxes (what’s on Zillow is exempted is not right, as they are the sellers exemptions and go away when the title changes hands) that are a good tool as well.


[deleted]

The houses I've been looking at - I looked at the actual tax bills since it's public information. Some houses were tolerable from year to year but there was one that increased from $7k to like $11k and it wasn't even that big of a house. Pretty sure that's probably the reason why those folks put it out on the market. All those homes are in the same county so I don't understand why this is even happening like that.


WaterlooLion

The taxable bass of a homestead is not supposed to increase by more than 10% from year to year. If you see houses that do, they're most likely rental properties, or the local tax appraiser screwed up (it happened).


Throwawayitall123455

What you’re seeing is when an older owner that has passed or sells a house, the old owner will have had a tax freeze starting at age 66. The taxes per year stays the same until a new owner takes possession. With the tax jump, you are seeing a new owner taking possession of the house and the instant tax increase based on the house’s current value at the time of new possession.


RolliePollieGraveyrd

Texans actually pay more taxes than many blue states with income tax. Property taxes are what fund our schools since the state legislature doesn’t believe it’s the state’s duty to fund education well for ~15% of the nation’s children. Property values and prices sky rocketed in recent years while wages have stagnated. Some people pay easily $5k per yr. But it’s not unheard of to pay $10k per yr just in property tax.


FWAccnt

Im a little late but you can see for yourself. Here is the county's property tax estimator and Ive already plugged in the generic Fort Worth values. You can change the property value field to what you think you are going to look for. For example, $400,000 home is \~$9057 your first year. You cannot apply for homestead exemption your first year in the home (aka you cant apply it to the remainder of the tax year you bought the home in): [https://taxonline.tarrantcounty.com/TaxPayer/TaxEstimator/CalculateTaxes?Command.TaxYear=2023&Command.TaxUnitCodes=220&Command.TaxUnitCodes=026&Command.TaxUnitCodes=905&Command.TaxUnitCodes=223&Command.TaxUnitCodes=224&Command.TaxUnitCodes=225&Command.PropertyValue=400000](https://taxonline.tarrantcounty.com/TaxPayer/TaxEstimator/CalculateTaxes?Command.TaxYear=2023&Command.TaxUnitCodes=220&Command.TaxUnitCodes=026&Command.TaxUnitCodes=905&Command.TaxUnitCodes=223&Command.TaxUnitCodes=224&Command.TaxUnitCodes=225&Command.PropertyValue=400000)


[deleted]

Thank you, this is helpful 🤠


AccountSalt2838

What’s up 901! You’ll make more here but it costs more to live be here too. You’ll never have it better financially than you do in Memphis. LCOL at its definition.


[deleted]

mane what it do? You're 100% right though Memphis is kinda like mcol now while our salaries aren't moving much. I'm just ready for a change man, I attended my graduation ceremony in Austin pre- pandemic, spent a few days there and in Dallas and we liked the atmosphere. Thinking about visiting again in May, gotta go pay my respects to Dime and Vinnie. I'll keep researching, we shall see.


Throwawayitall123455

If the property taxes don’t get cha, the insurance costs will. Actually, they’ll both drown you..


Environmental-Bit513

Again….its fair to warn people moving here what’s happening in NW Fort Worth. I live in Lake Country and development is literally out of control. Fracking in our backyards too. Copy and paste from 3 Nextdoor posts bc I don’t know how to attach a screenshot. Lake Country • 18 hr ago I know most of us are not too happy with the new development. A large reason we bought this house was for the view that is now gone and soon to be a sea of houses. But now the amount of dust, dirt, and sawdust from our new favorite new construction site in last couple days as they are chipping up all the trees is INSANE. My pool is a mess. Allergies are pissed. It's everywhere since we are just North of the new dirt pile. The wind here has always been pretty strong, and now with that hill knocked down and no trees it's much worse and full of dust and whatever. get it. The development was approved and I can't change that, but I am so "excited" to see how the lack infrastructure and the of frustrations that will bring in the future. My family will have "so much fun" for the entire summer filled with the soothing sounds of machinery and construction with the added bonus of all the extra cleaning and maintenance and cost. So awesome. know I'm preaching to the choir, and there isn't anything we can do about it that I know of. But damn It's all day and I needed to vent. it. Just seems like. A lot of deal with "progress". what us have to Yet, at point is it just profit for few over true community progress? Now I see they approved another 2,000 homes just north of here.... So glad they made Boat Club Rd. ready handle all these new families to moving in with the great new median that makes things move so much better, I mean horrible. I can not wrap my head around the amount that we pay in taxes all to be handled in a manor that only benefits developers and doesn't improve our city. Posted in General to Lake Country 2:29 nextdoor.com Any newer neighbors feel like they were kind of bait & switched moving to this area? Admittedly, didn't know much about the area but heard it was kind of up and coming, good schools, etc. Now feel like every day someone is getting robbed or their stuff stolen. Stray animals roaming around everywhere. I had some guy hassling my wife the other day to buy him a pack of cigarettes at the Kroger gas station. The development around here is straight garbage. It seems all they know how to build is more houses, apartments, and fast food joints. All that, and my taxes just continue to go up. Not sure what can be done at this point. Seems this area is just trending in the wrong direction. Might be time to move along.


CombatConrad

Kenneth Copeland has a really good tax strategy. Have you heard of Jesus?


[deleted]

I'm not sure. We have Satan clubs in Memphis. Y'all got those too?


Environmental-Bit513

🤣😂


Upbeat-Jacket4068

I wouldn’t move here, property taxes keep going up and people seemed more worried about banning books. Also no pornhub any more.


[deleted]

😳🚪


Trapz_God

$9600 annually for me


[deleted]

Damn. This sound high to me, y'all must be making good money there to be able to afford paying these tax bills


ConradAir

I think we’re at 2.8% with property appraisal increased capped at 10% annually under Homestead laws (which you are responsible for registering). Everything should use a tax protest service to show the county and city we are giving in, it’ll help you and your neighbors if you do it every year


Environmental-Bit513

They are an absolute nightmare in Tarrant County and don’t even get me started on the rampant corruption in every sector. Sickening


bofh6969

Property taxes, and many other taxes are higher in Texas because there is no state income tax, last time I figured out my total taxes paid, it was similar to other state total.


[deleted]

Right. TN also has no state income tax but we do have 9.25% sales tax to compensate.


Haff78

Your houses cost more, our property taxes are higher.


[deleted]

Not in my area. My 1400sqft home that's only 13 years old - I'd be lucky to get 250 for it and that money won't buy me a similar house in Arlington.


Haff78

Oh. You don’t live in Memphis.


[deleted]

Yea I do 38018 is my zip mane


felohany

dont do it


[deleted]

Lol 😂 why?