Michael Bray sent this in:
Well then! Transparency does not mean crystal clear!
Rearranging the Property Tax Deck Chairs
http://www.texastransparency.org/Special_Features/Bond_Elections/bond-master.php
Michael Bray sent this in:
Well then! Transparency does not mean crystal clear!
Rearranging the Property Tax Deck Chairs
http://www.texastransparency.org/Special_Features/Bond_Elections/bond-master.php
I thought the underlying reason for buying a home is because its value will increase over time. Therefore, to cry that one cannot afford the taxes on what used to be a $100,000.00 home, but is now valued at three plus times that seems to be just plain silly. If a property has appreciated that much, in a short period of time, then maybe it is time to sell, and move on.
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The underlying reason for buying a home is to build equity in your residence and hedge against inflation, not because you assume its value will increase. Any increase in value is secondary. The lack of confidence in future appreciation is part of the reason why the rental market is booming. Property taxes and other costs of living like groceries and healthcare have gone up rapidly while wages for many remain stagnant, creating a real problem for some homeowners. Not all, but some.
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I bought a home because I needed a home.
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Yep. Good common sense.
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Austin Council Member Ellen Troxclair wasn’t referring to home/property values… she was referring to tax values of the property…
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The site your reference is a valuable resource. Thanks for posting it.
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