North Texas homeowners getting 'sticker shock' with new property tax appraisals

Homeowners across North Texas have been getting their property tax appraisals, and they are coming with some sticker shock. Experts say home prices are up 20% over last year while inventory is down 30%. www.fox4news.com/news/north-t...
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[@Manijersey]

They're going to tax the elderly until the only thing they can afford is a nursing facility; and they'll have to sign over their remaining assets to the facility to remain in said facility. WOW. What a way to treat our predecessors.

[@Kevin-sm8pn]

Sounds good to me. I'll take them!

[@poempadgett4664]

@@Kevin-sm8pn Go watch the old 70’s sci-fi movie _Soylent Green_ to see your probable future society and weary old folks’ options, sonny.😁

[@colekeenan5825]

Most people cant afford nursing facilities. A place in small town of colorado where my family is looking at for a family member is asking for $5000 a month.

[@sfm45]

@@colekeenan5825 Are Nursing homes covered by Medicare?

[@tamaracalderon3184]

Most counties will cap the taxes for 65+ yr olds on their homestead property...

[@sinebar]

What really make me angry about taxes is that so much of it is wasted and stolen.

[@byronbuck1762]

Nonsense. Wasted on what? Police, fire departments ,roads and schools? That’s 90% of local government expense. At the federal level more than two thirds is social security, Medicare and defense spending.

[@ahadumer418]

@@byronbuck1762 and Texas doesn’t have a state income tax

[@byronbuck1762]

@@ahadumer418 Yep. So they can fund police, fire and schools with fairy dust by repealing property taxes

[@mjt4651]

Florida does not have a state income tax, and property taxes are 1/4 what Texas pays…..Texas is a RIP OFF and protesting is a joke More laws, more taxes than most blue states….

[@jml9550]

Revenue gotta come from somewhere, in CA there is high income tax but property tax is cap at 2% increase due to prop 13.

[@arga400]

I was told that higher prices was good for folks who already own a home, turns out that over inflated home prices is bad for everyone lol

[@dontbanmebrodontbanme5403]

It's good. It just means you might have to move from where you live. In this case, this man can simply sell his house, take the money and go live somewhere cheaper. People need to remember, you don't have to stay in an expensive city. You don't even have to stay in the US. He has no problems.

[@carrier_pigeon214]

Yeah because the US government should support policies that encourage it’s citizens to leave. Not only is that highly ethical it’s also a great plan for the economy; no way is China going to overtake us with that genius plan in place. You should get a job at the White House - the only qualification you need is a rich daddy and the ability to completely deny reality.

[@hillyseattlenarrowstreets6087]

No State income tax = 2% property tax. The 2.5% mortgages resulted huge increase of home values. In 2017 my rentals appraised at $120K, 2022 it's now $260K. Going from $2400 to $5200 for Property Tax = a big rent increase to stay whole as a landlord. Big question to ask the County Tax Assessor, you got twice as much money from previous years - what are you going to do with it? Hopefully it's not burning a hole in the County's pocket.

[@felixthecat2786]

Of course this is absurd propaganda. Yes, your property value goes up, but so do your property taxes. They will only keep going up and up until you are forced to leave your house because there's no feasible way you can even pay it. People in San Francisco were paying millions of dollars in property taxes whereas they originally bought their house for prices like that Texas home. There was a time where working class and middle class people could afford to live in every single state. This is what happened iN NYC, Boston, San Francisco, Portland, Seattle, and is now happening in Miami. This is why you need to care about affordable housing. It literally destroys the entire local economy. Elderly lose their homes and can't afford apartments or elderly housing facilities. Young adults can't afford to buy houses or condos and are forced to rent with roommates. The average salary for a two income family is 1300-1400 a month and the average cost of a 2 bedroom apartment is 1800. You're supposed to pay 1/3rd of your income towards housing/rent. It is NOT an option in many cases. If you don't make 3x that amount in Boston, most landlords will literally throw out your application. It's just getting worse and worse. I live in the Boston area. It used to be that if you lived outside of the Boston area, outside of the T and commuter rail, then you could find affordable housing easily. Now, all of eastern MA is as expensive as living in the Boston area. This happened in the short span of 1-2 years. Look at the big cities like Boston, NYC, San Francisco, Seattle, etc...and this is a glimpse into your future. These real estate prices are out of control and there is no practical way of solving this issue. These people are over inflating the value of property in this country. I don't know where all of these rich people are supposed to come from when you consider all of our money is going to spent on housing.

[@colettespencer3357]

yeah. its sad. this is where these people live. its their home.

[@kanointhephilippines8082]

I left central Texas 6 years ago mainly because of property tax and the monthly price of water for my property. It just got to the point where it was no longer worth it. I have a beautiful home in the Philippines and my annual property tax is about $40.00. I'm so blessed to live better on much less now. Take care back there and God bless.

[@M.Campbell]

Good for you! I'm considering the same course of action. I can just exist here and watch my retirement accounts get eaten away, or I can go elsewhere and actually live.

[@555125kevin]

ppl brag about Texas having no income tax but I've been telling ppl Texas has some of the highest property tax in the US. No point in owning a home in Texas unless you're a 100% disabled vet (pay no property tax).

[@morris246]

Was wondering what’s the cost of a home in the Philippines and what area is good there need to find a new wife lol

[@kanointhephilippines8082]

@@morris246 I have a few videos here I posted on a very small concrete home I built in the mountains cost was about 6 thousand USD. A new home with about 1200 square feet on a nice lot with a concrete fence and nice gate is about 75 thousand USD. Most expats rent and a nice apartment here on Southern Negros is about $350.00 monthly.

[@sergelondon916]

What do you expect Texas doesn't enforce a state income tax. Having higher property taxes needs to make up for the shortfall.

[@mzliz1249]

I’m so sick of this sh*t!!!

[@dontbanmebrodontbanme5403]

That's nice. What are you going to do about it? That's the only thing that matters.

[@madbug1965]

This is all Brandon 's fault! 😁

[@mjt4651]

So called red state….. more laws and taxes, more government, not less…vote the idiots OUT !

[@4Realkevv]

VOTE DEMOCRATIC

[@davidsebastianelli1326]

Bug? Hmm Who you mad at Gnat? Grow up

[@XyThree]

My great aunt kind of went through this so I now care for her (childless and not married). My issue is, what about the people who DON’T have a great niece, or children, extended family etc that can step in. This is disgusting at so many levels

[@sfm45]

Then they would need to go to the assisted living retirement home?

[@malcolmx61]

they should have made better life choices and decided to have families, they're either going to the streets or a retirement home.

[@christins.1481]

@@malcolmx61 No. The problem is they never plan for being old when they're young. For instance, I'm 38 and my funeral is already taken care of. Meaning I will not leave a funeral death for my family. I don't have plans on retiring either. Cutting back, yes while having a side hustle. With work, if I become sick or injured the disability I've been paying for will be paying my paychecks for a year without working. Then if I become injured or ill and can no longer work, my job place will still be paying my paycheck as long as they are still operational. Thing is, I'm guaranteed an income no matter what happens. Meaning I can afford to pay taxes since everything else is already taken care of. In 5 more years, I'll only be working for health insurance, vehicle maintenance, rainy day fund and paying land tax. Work will even be having me work 4 days on and 3 days off just to save up on gas for myself. Too many people did I know who made poor decisions and didn't think for the long haul. Taxes for my 14 acres is 7k. Not a problem for me. I'm not rich either.

[@LilliLamour]

People in the comments are what these governments and companies depend on to be crooked to people who can't afford their funerals or assisted living. It's always been easy for non POCs to throw family members to assisted living when we believe in taking care of our elders.

[@malcolmx61]

@@LilliLamour why should tax payers have to pay for someone's lifestyle choices bc they spent all their money on dumb crap their entire life? It's their own fault and they should suffer the consequences, if that means they can't afford their homes oh well, sell it and go to a retirement home.

[@damham5689]

After all the "experts" in the media going on about how rising home prices build wealth for home owners, they never mention how it cost them when property taxes rise.

[@jeaninemorgan9118]

Ha

[@damham5689]

@Peppermint and not even a reach around or a kiss when they send you the bills for them either.

[@nans969]

It's only good if selling.

[@bemhibbits4157]

Should be self-evident.

[@BillyBob-op6lg]

Wow he’s paying an extra 500$ per year

[@deliamartinex2710]

Its exaggerated...they just want money from all of us!! Im in Houston and I am going to dispute the value of my house.

[@ericmings]

This is an issue that has to be addressed in the next legislative session otherwise the middle class will be priced out of home ownership

[@MP-ng1sc]

@Peppermint 🎯

[@deadcell1]

Your priced out as long you continue to save in dollars. I put my savings in tech stocks and crypto for 7 years and paid cash for my home.

[@ericmings]

@@deadcell1 tech stocks are taking a massive dump right now and crypto is about to be regulated by the government

[@deadcell1]

@@ericmings You buy when there is blood in the streets. Wealth is made in a bear market.

[@ericmings]

@@deadcell1 that's why I buy options that's where the real money is

[@patrickdowden]

I live in Frisco. My tax assessment arrived in the mail today. According to the letter, my house is worth 28% more today than it was 365 days ago. That's preposterous.

[@marguisil]

Sell it then 😂

[@LC-xd2zy]

@@marguisil then where would they live ?

[@childfreesingleandatheist8899]

@LC: in a rural area or different country.

[@swallowedinthesea11]

@@LC-xd2zy If they are hot, with me!

[@KDrop84]

Sell it. Duh!

[@chemistcontrol]

Me too!! Ridiculous! This has got to stop!! My house has gone up 32% according to TAD, I can't come close to sell it for that and then even if I did couldn't afford to buy another home!! EVERYTHING has gone up yet my pay rate is still the same and I'm bringing home less this year, how does that work? Government at its finest.

[@aliciarogers2684]

Dont you mean Democratic party at its Best.

[@chemistcontrol]

@@aliciarogers2684 Absolutely!!!

[@djack915]

Started with the idiot Reagan

[@bizdrone]

@@aliciarogers2684 Republicans run Texas.

[@EroticOnion23]

Isn't Texas red tho?? 🤔

[@Crismodin]

My neighbor purchased their home for $350k in 2017 and just sold it the other day for $700k. That's nuts.

[@altha-rf1et]

Brought mine in 2010 for 150K now worth $350 K we own it free and clear I want to sell my wife does not because of the grandkids told her who is older and in bad health the day after she dies I will be selling when she asks me what I will do when something happens to her

[@soldier2533]

@@altha-rf1et How much are you selling your wife for???

[@KD-lb9bg]

Bad all the way around, but it’s hard to believe that Texas hasn’t capped property taxes for the elderly and disabled on a fixed income. Almost like they want to take those people’s property.

[@hrhtreeoflife4815]

This is how I lost My completely paid off house

[@Angel-tw3ko]

Republicans don't care!

[@alfredgeorge317]

It's exactly what they want to do....go after the most vulnerable....

[@crashjz]

Republicans eh?

[@WJWeber]

Yes. The high paying jobs deserve the housing.

[@hrhtreeoflife4815]

This was the reason I lost my PAID OFF HOUSE It's government mandated THEFT

[@dand5829]

Too bad. The big-government liberal states cap property taxes on low and fixed income folks to prevent that from happening. If you choose to live in a small government state you need to accept that you don't get any protectection.

[@1986subway]

Wow that's was really stupid you could have rented it out made money and paid your taxes. Probably could have made enough to cover the cost of an apartment and would have been living for free. Property tax for life is a bunch of bull though you should pay until retirement age and in the house should be yours

[@eddyeroyal6024]

If you lived in it, I am sorry.

[@thesilkymodine]

@@1986subway really stupid? They took his home, which I’m sure he worked very hard for, and your solution is to have him leave to rent it to someone else and live in an apartment. And you’re calling him stupid?

[@1986subway]

@@thesilkymodine yes stupid. they don't just take your home out of the blue. they take your home after an extended period of time non-payment. You know how much taxes are and you know how much money you have. if you let it get repossessed rather than sell it and use your equity. Then you are stupid🤷🏼

[@mattski1543]

All American tax payers need to to stand up and say enough. We the tax payers have the worse health insurance while non-tax payers have better health and benefits then the working class while our local leaders live in style while doing absolutely nothing for the people that pay their wages.. Stand up people

[@SWAGKINGSBD]

Or just leave america

[@mpls1982]

What non taxpayers have "better health and benefits"?

[@mattski1543]

@@mpls1982 yes well atleast the welfare bums around me

[@batsonelectronics]

In any state that didn't expand Medicaid ( Like SC where I live ) anyone who makes less than 13K a year gets no help for health care since it would fall to Medicaid and most R controlled states refused to expand Medicaid. Anyone who makes > 13K and less than around 70K gets some subsidy directly thru the Fed ACA system. Your info is just wrong except maybe a few Dem states where they expanded Medicaid and the subsidy is enough to pay for Bronze level coverage entirely.

[@philipmykoochi9266]

@@mpls1982 welfare recipients, fool....

[@javphx3967]

Why do we have to pay a tax after home is paid ? When do I truly get to own my property?

[@LC-xd2zy]

Never it’s all a Scam

[@letusgrow2gether801]

@@LC-xd2zy I was just thinking the same thing!👏🏾👏🏾

[@byronbuck1762]

Property taxes pay for the police, fire, local roads and schools.

[@Anthony-ot8vl]

@@byronbuck1762 Yes, but there are a million other ways to tax us.

[@byronbuck1762]

@@Anthony-ot8vl So? Those services have to get paid for somehow? Good schools raise property values. Good fire protection lowers fire insurance premiums. Homes in lower crime areas are worth more. You get what you pay for.

[@Chew5219]

California caps property tax increases to 2%. So much for Texas being a lower tax state. For retirement, would you rather live in a state with higher income taxes or property taxes? You don't stop paying property taxes when you stop working.

[@mph5896]

Ca gets their $ from other sources. You are getting bent over either way.

[@byronbuck1762]

CA taxes the Ubher wealthy. Texas taxes the little people

[@JAYY_JAYY]

I pay 1800$ per year property taxs in California My home valued at 450-500k

[@willieverusethis]

Yep. You can pay higher property taxes or higher income taxes, and it turns out that the state taxes in California put it about in the middle of the pack, not at the top, as some people claim.

[@byronbuck1762]

@@willieverusethis you are correct Renee

[@dennisgasaway6265]

Its funny how they say your home price went up... but never did a home appraisal??? Funny how that works.

[@pilothouseking]

Prices haven’t gone up-the value of the US dollar has gone down.

[@billp4]

Also funny how property tax never goes down.

[@talkingcrypto5944]

I was gonna buy a house in Texas because of how low the prices were and then I saw the tax history and nearly fell off my chair. Also they reassess every year. It’s actually cheaper to own in Hawaii. Lowest property taxes in the country.

[@georgemendez6760]

But they tax your income on a state level and not to mention that houses in Hawaii are $1M+

[@chenghuang3911]

@@georgemendez6760 so lot of retirees live there

[@georgemendez6760]

@@chenghuang3911 most people who I know that retire move to Latin America unless they're rich they move to either Florida or Hawaii

[@gracelikerain5039]

For now

[@TexasRed167]

Good luck in Hawaii. Faulted logic my friend

[@lizalley4258]

I understand exactly what he's going through.

[@chrisbayridge23]

You will own nothing and be happy- Klaus Schwab and all of the billionaires who will own everything

[@miguelanguiano2]

I live in El Paso and my tax statement came in last week. CAD is saying my house value went up 86% over the past two years. Total BS.

[@LeonardoDeVinci1452]

It's happening all over the country my hometown used to be able to be able to buy a house 150,000 now housing prices are around $450,000

[@dand5829]

Oh wow prices rise over time? That's a fascinating observation.... Can you believe my grandpa once bought a new Chevy for under $2,000 and now Chevy prices are around $30,000. Unbelievable

[@LeonardoDeVinci1452]

@@dand5829 Cool I had a 1955 I sold for $5000 now one that looked like it was caught in a train wreck is selling for $10,000

[@sfm45]

The Cali dealers are anywhere and everywhere gobbling up homes!

[@shinsvaka93]

@@LeonardoDeVinci1452 Just another reason why minimum wage and worker exploitation needs to be addressed. Prices go up, wages stay the same. Seems fair

[@Mrdsmith500]

Southern Arizona, up 21% from a year ago. Most people do not pay much attention to this as it is in the mortgage payment. My house is paid for so I see it directly as I pay it directly twice a year.

[@alexbent3852]

He should get tax exemption at his age

[@ricardorodriguez-se7tp]

I thought after 65 your tax exempt

[@alexbent3852]

@@ricardorodriguez-se7tp how old is he?

[@stephanieb1574]

No you are not tax exempt after 65

[@magaareinbredhillbillies]

you get a little break, is all.

[@robertjones2820]

The only time you are "tax exempt" is when your dead, and maybe not even then.

[@kibblenbits]

Years before I retired in 2019 (I was 68), I bought partially wooded acreage in a rural area (I was raised in the country and love it), in northern MI, with a mobile home (had a standing seam metal roof, central air, 3-year-old furnace, 1 year old hot water heater when purchased) in great condition and a 25x50 insulated pole barn, with its own breaker box, on it (it was an estate, on the market 1 day with multiple offers, but I was the only one with cash). Took me 4 years to find the right property that met all my criteria: Rural (not enough population, or amenities in the area, for any business to want to develop), demographics, in the price range of 50-60k, so I could pay cash (this was before property values went insane), garage/pole barn, partially wooded, no less than 4 acres (in case someone who owns/inherits land adjacent to my property decided to split up their acreage and parcel it out, it wouldn't affect my quality of life), well and septic, good condition and low taxes. I stopped looking for a site build house, as most acreage with a house on it were either in bad condition, too big, too old, or too expensive. My property taxes here are $600. a year and I sold my site-built house in the city, in 2020. Every decision I made regarding my new home was laser focused on living as far beneath my retirement means as I could, no debt, good quality of life and having the ability to afford future increases in utilities, insurance and taxes, etc., without worry and I believe I've accomplished that.

[@networth00]

Northern MI is beautiful, but gets so cold in the winter. It's the best place on earth in the summer though.

[@suewiseley2724]

I just retired and am headed up north in michigan too. can't wait!

[@michelestellar153]

You got EXACTLY right, but no mention of your vehicle, stay on the lookout for a pre 2000 4X4 or AWD . 2000 is the year every car come complete with OnStar and later generations of tracking and a connection to the web. You cannot tune it out.

[@batsonelectronics]

add solar panels if your area gets enough sunlight. With electricity always going up the power you supply to the grid from the panels will be a fixed cost and last 20 years at high output and then another 10-20 years at a lower output. Your electricity bill basically never changes if you size the system correctly. Here in South Carolina it repays itself in 10 years so the next 10 years is free and time after that will gradually taper off to 0-25% needing to be paid for as the panels loose efficiency. I have health problems but not retirement age yet. I own everything and live on $800 a month of part time work. I have to pay all my health care costs ( $150 /month out of pocket ) as well since SC didn't expand Medicaid and I don't make enough for direct Federal subsidy.

[@ljay2823]

This is nothing new. I remember my dad telling me that the big problem when you retire is the fact that you still have to pay for stuff but now there's no paycheck to pay for it all. Insurance, utilities, repairs, food, gas, etc still has to be purchased. Just because you stop working doesn't mean all the expenses stop as well. I remember seeing homes falling apart and hearing that the little old lady simply didn't have the money to fix anything. She had enough to pay her taxes, enough to pay for electricity and a little bit of food and young/stupid me would think "how expensive can that be? And she owns the house, so what taxes does she have to pay?" Yeah, you have no idea until you join the adult world and suddenly see that NOTHING is free. Our goal is to have our house paid off and enough money saved to stay in it plus maintain it. Just THAT is a scary high number!

[@carinwiseman4309]

Governments have never taken in so much money, but they have never decreased services more.

[@seanthe100]

People think once you buy a home you don't have to worry, but these rising values are gonna hit everybody.

[@scottshingleton7659]

The main reason I own a mobile home on my own land. It's all paid for with low taxes which will likely stay low as mobile homes on private land hold value but don't rapidly gain value. Plus it's a lot easier and cheaper to maintain and even go off grid. I would never try to own a regular house because it would own me rather than me owning it, it would be just a step above renting.

[@lilrog0909]

I own rental properties and even I still live in a mobile home.

[@billp4]

Not to mention you are anchored to an area and are not able to quickly relocate to take advantage of better opportunities or if where you are at gets too expensive. You can rent the place but not everyone wants to be a landlord.

[@batsonelectronics]

@@billp4 used mobile homes sell really well here in S.C. Taxes are cheaper because if the MH is not on a permanent foundation, it is titled just like a car and cannot be used as value when the land is appraised. I have owned 2 mobile homes in my life and one was moved 100 miles to my land.

[@jesseostone386]

Homeowners aged 65 and older definitely deserve a tax exemption of some kind! People, petition your state legislators and county reps! They are supposed to represent US! 🤬😤🤦🏻‍♀️

[@zane8789]

They do. It's called a senior freeze exemption.

[@networth00]

@@zane8789 Not in every state.

[@paxundpeace9970]

How should cities pay for roads, fire, police and schools?

[@trailerparkcryptoking5213]

@@paxundpeace9970 with existing valuations and new builds!

[@jesseostone386]

@@paxundpeace9970 By the rest of property tax payers, the sales tax portion that they get, the state funding that they get, and the various other taxes and fees that the municipality charges. Have you ever looked at a breakdown of where your county gets its funding?

[@Rosetteismyname]

Up 20% but social security only goes up 1 to 5%

[@byronbuck1762]

Social Security was never meant to be a solely sufficient income for retirement.

[@TexasRed167]

Some people should have saved. Remember, the ant and the grasshopper? Learned that in grade school.

[@christinajones7696]

@@TexasRed167 In this Economy, how can anyone afford to save?

[@thewiseguy3529]

Don't worry bobby brown. Your times coming too sonny boy. You ain't exempt lol you wish you were. You can try and act like it. But I assure you, you're not exempt from what's gonna happen. Fools like you are what make the "world go round and round again"

[@asice716]

@@christinajones7696 you only started saving in this recent 2-3 years?

[@danbolton3180]

If you're never going to sell then why would your property values increase? Greedy County officials that want to live off the elderly!

[@royrogers4025]

WHOLESALE HOMES BEING APPRAISED AS THOUGH THEY CAN SELL ON THE RETAIL MARKET WITHOUT $50,000 OF UPGRADES AND IMPROVEMENTS

[@larrysfarris]

Homesteads are capped at an annual 10% increase in actual taxes to be paid. But when the values are going up so crazy, it just means you can expect a 10% increase each and every year. The 10% cap DOES NOT apply to secondary or “investment” property you may own - there’s no cap on how much that can increase. (That’s according to what my Appraisal District told me yesterday).

[@deadcell1]

Good... It will make people think twice before investing in rental real estate.

[@larrysfarris]

@@deadcell1 I rather doubt it - doesn’t seemed to have worked so far. The landlords just pass that cost along to the renters. 😵‍💫

[@deadcell1]

@@larrysfarrisIf the spread between rent and incomes continues to widen and the two becomes completely decoupled from each other then they won't be able to pass the cost because no one will be able to afford their properties. It'll be like what is happening in Singapore, the rental market will dry up because you have 2 to 3 families living in a home.

[@LILDroidDEX]

👏👏👏 thanks for the info

[@ripvanrevs]

Should cap at 2% yearly until the property sells. You can't punish people for an incompetent government.

[@diamond6256]

I AM IN THE SAME BOAT. SINKING---This is why seniors have a hard time and will be force to leave their homes that they worked 50 years to get. The taxes should be based off purchase price and not market value at least for seniors on a Social Security income. I am one of those being forced out due only to Property tax. I cannot keep my property updated and maintained having to pay the Property tax being so high.

[@tamaracalderon3184]

Doesn't your county cap the homestead taxes for persons 65+ yrs?

[@nicolathonathan770]

That’s the most ridiculous I’ve heard today. Do you sell the house at the price you purchased decades ago? No, you want the profit but don’t want to deal with the taxes it comes along. Just admit it you are greedy. If it’s too much for you, the. sell the property and walk away with a pocket full of cash.

[@paul2019monte]

@@nicolathonathan770 There is nowhere to walk away to. With rents so high most people on a fixed income even if they could pay the rent would not qualify to get the rental. And even seniors that were lucky to have subsidized housing are being forced out across the country as properties are sold. I am so fortunate to have a home. But I have no intention of selling mine so the increase in value means nothing except possibly higher expense due to higher property taxes. And yes, by selling I would get all that profit but at what it would cost to rent it would run out in a couple years. And that's if prices stay where they are now. It sounds like everyone is getting rich but the fact is is people just really want a home and stability whether they are young with children or old. It's as if we're all playing a game we didn't choose to play.

[@nicolathonathan770]

@@paul2019monte If people retired, there are plenty places in the US you could buy a house 10X cheaper than northern TX. Why not move? Just like people escape CA to TX, retired folks don’t need to stick around there. Maybe consider Oklahoma or Arkansas?

[@paul2019monte]

@@nicolathonathan770 What you're saying is true. But there are various reasons that a lot of people are unable to do that. I've been to Arkansas and there is a lot of natural beauty there. Of course 10 years from now things will change more. The pace of change makes it difficult to plan for everyone.

[@funoh1]

Need to make sure to dispute highly assessed home values. They do the same thing where I'm from. If you fight back, you can get a reasonable(much lower) assessment. We Americans shouldn't have to do this though just to have livable property values(taxes). Where is our government on this?

[@TexasRed167]

Some people just need apartments since they have no idea what home ownership is about.

[@qualitytouchpainter]

Good luck. I tried and they said no.

[@iwanaknowe2380]

We get the government we vote for. Time to use our minds and not our emotions when we vote. Forget about dog whistles like CRT and who marries who; if you're not elite, vote your pocket book, not your fears!

[@reitairue2073]

@@iwanaknowe2380 I vote for the 2A everything else can go to hell lmfao.

[@iwanaknowe2380]

@@reitairue2073 Welp...since your imagination is so tiny, guess we'll see ya in Hell.

[@truelies5812]

Citizens need to come together and protest on the steps of the courthouse. Demand the resignation of public officials.

[@adrianbradshaw4956]

People are too busy on Tictok to be bothered.

[@Darealdealtx]

I agree this is preposterous and Robin Hoodish

[@LovelyLisha3]

Citizens need to come together and completely ignore all these silly regulations, keep their money and enjoy their lives🤷🏾‍♀️

[@patc.6778]

@@LovelyLisha3 So you’re suggesting to ignore paying your taxes. Then you’ll be hit with penalties for non payment which will lead to your house being sold at auction.

[@pdizzle6366]

Or just burn down local politicians house! 🏠 🔥

[@UMVELINQANGI]

This is true. I also am feeling the crunch. This year my house appraised at double its 2016 purchase price, and I don't live in the best neighborhood. It's crazy!

[@somethingaboutbrooke]

God Bless him and may his wife Rest In Peace 🕊✨

[@arthurbrumagem3844]

It is happening all over the US. Here in Mn my house assessment went up 27%. Insane.

[@CarlosG2288]

Not in California, taxes are based on purchase price and can only increase a max of 2% per year. If you bought a house for $200k 10 years ago, you would be paying tax on a value of $243k max right now, even if it’s now $800k

[@arthurbrumagem3844]

@@CarlosG2288 very nice as long as you stay in the house. Unfortunately few can buy with the values sky high . But of course those are two separate issues. But thanks for the update

[@jml9550]

@@CarlosG2288 you are exactly correct. I have 3 properties that I bought in the last 20 years and properties tax are low.

[@networth00]

@@CarlosG2288 Let's live in current times. Lots of people bought recently and their taxes are very high now. Stay on the CA channels and please don't move to TX with your liberal ideas that are destroying life for middle class in California. Go provide some homeless with shelter if you want to feel good about CA.

[@networth00]

@@jml9550 If you rent those out you deal with rent control. Good luck.

[@eatlaughandstupid4430]

Same thing happened in CA in the late 70s…voters revolted with prop 13 which limited the amount of increase… it will happen in TX… a TX version of prop 13…

[@reyrecks]

Yes but are Texans ready for a state income tax? I don’t think so. These high increases in property taxes are in areas with a bunch of out of state migration. The large majority of Texas didn’t see crazy appreciation

[@dand5829]

I hear that Texans don't want Texas turned into California. A real Texan would be against this sort of California style legislation.

[@adamwhite202]

Im from California we r doing good job ruined everyone else state with our Cali politics and we need more taxes ...

[@sfm45]

@@alexandrep4913 Yes, people can control their income but it is rather hard to control property taxes unless sell home to live in a trailer!

[@jabreck1934]

@@adamwhite202 apparently you don’t think it’s the governor that allows globalist industry and international developers to destroy productive farmland the fastest in the country. It’s Californians, Really? That’s the way you think it works. Void of any logic, common sense or intellectual ability whatsoever. People can’t move there until it’s developed!

[@dennislyons3095]

This is the reason California passed Prop 13 over 50 years ago. Limits property tax rise to a max of 2% per year. Property tax on purchase is capped at 2% of purchase price. It works! Retired people don't get priced out of the house they own.

[@zahirmurji]

Taxes should go up only when you sell to a new owner at the new price. This is daylight robbery.

[@texaswunderkind]

That's what they do in California, but it's a mixed bag. Because long-time homeowners locked in low prices, they have to keep raising the rates to make the budget. So newcomers get the double-whammy of insane prices and insane tax rates. Not just newcomers, but anybody who needs to move to a larger or smaller house due to life changes.

[@The_Oblivion_Light]

This is why. This is why I don't buy in to "Why rent when you can buy". At least not in a metropolitan city where you are paying for amenities that you don't use and often, can't use due to individual restrictions regardless if your tax dollars are paying for it or not. And I thought there were promises of lower taxes in Texas.

[@sfm45]

At least if you bought - you can cash-out that equity to pay the county tax and have some left over to sock away?

[@unholydonut]

@@sfm45 That's not a sustainable solution tho. Paying interest for cash-out equity on top of interest from mortgage just adding more expenses to the home ownership.

[@The_Oblivion_Light]

@Peppermint Yes. Rent is exploding. That is the result of property taxes taking extreme hikes and is passed on to the renter, which having a mortgage shares similar hikes thanks to property taxes. Don't believe that pandemic eviction halting nonsense. They will muddy the waters and having us believe the blame is on fill in the blank. Its never "fill in the blank". It is always taxes. I don't understand why we get cost of living raises when the cost of living rises 10 times more than is given. By the time minimum wage do go up to the so called $15, a living wage, we will be right back to where we started where $15 an hour will not be a living wage as rent, taxes, consumables etc is skyrocketing....Our governments. Tisk tisk.

[@scotttang6229]

U still have to pay taxes renting… the taxes are included in your rent. That’s on top of other fees such as profit from your landlord! Nothing is free… rents have gone way up in Austin. My old apartment went up about 30% in one year. It might keep going up this year.

[@The_Oblivion_Light]

@@scotttang6229 Yes. That what I mean when the price hike is passed on to the renter when the rent goes up higher than usual. If you have 10 units and taxes goes up $1000, the owner can legally split the difference to add $100 of rent to each unit whenever the lease if up individually which don't usually happens unless the owner don't mind taking a loss.

[@alksjda]

property value up = YES property tax also goes up = NO wth do you guys want LOL 🤣

[@networth00]

Just bc the idiot next door paid double what I paid for my house, doesn't mean I want to pay taxes based on his foolish actions.

[@kennethheying7845]

This is a country wide problem. I live in a little two horse town, no sidewalk, or paved streets. Assessment's have gone up double from a year ago. Everyone, is affected. People on fix incomes to young families. This needs to stop before, everyone becomes homeless for not being able to pay their tax obligation.

[@jgmgreen01]

Wow!! time to rent out bedrooms just to pay the property taxes!! Crazy part is that if you sell, you're not guaranteed to be able to find a new home because these crazy prices are going on everywhere and bidding wars ffs.

[@raysterling3668]

Its a waste of time to dispute your property tax increase. I went to my appointment and nothing ever happened for me. Your only choice is sell your home as your way out.

[@TexasRed167]

Should have saved a little. Apartments are nice

[@vickimerritt2832]

@@TexasRed167 go away demorat

[@Fahrenheit4051]

Taxing you annually on assets you already own is ridiculous enough. But the fact taxes are arbitrarily decided by tax assessors is even more absurd. At least income and sales taxes are based on real, current goods prices and labor costs.

[@Dwightstjohn-fo8ki]

Sales taxes are regressive and always have been. Income taxes are totally different and need attention. But both governments on all levels to kick the can down the road.

[@12345fowler]

This is actually very true. I suspect this is just a giant ripoff from Governements/Banks/Insurances etc. they all gain vs. the paying pig. All these pricings valuation are mostly theoritical, like paper money they don't have any economical grounds.

[@brentkinsworthy4999]

It's also spilling over into other areas. People are fleeing these areas for places with cheaper prices. They're used to spending 8k on an acre of land so they get on z!ll@w and see land for 4k and they think it's a bargain. What this does is raise the sale price on other properties in the area which, in turn, raises taxes. People leaving the cities are causing small town locals to get priced out of the market🤬

[@LILDroidDEX]

This is why the wealthy are not liked in many countries around the world. Americans are about to learn the hard way.

[@TexasRed167]

Apartments

[@networth00]

@@LILDroidDEX We don't like California liberals moving to Texas and screwing up our property tax rate.

[@roxycauldwell544]

It's not people fleeing cities, it's people selling their homes 3x what they're worth to make a quick buck and now the state wants in. blame greed.

[@networth00]

@@roxycauldwell544 They sold for what someone was willing to pay, hince that's what it's worth.

[@glep3570]

Welcome to the real world. At least you property values aren't tanking. You'd not like that.

[@bullyhomestead7232]

I thought y’all said Texas was better than cali. Only time we’re reappraised is change of owner or additional construction

[@networth00]

So you're stuck in the same house forever, and you have to deal with criminals and homelessness everywhere. Texas is better than Cali or you idiots would stop moving here. Your state tax eats away any savings on property taxes.

[@shootermacgavin1]

Question from Canada, do counties in Texas not adjust their tax rates? Regardless of what happens to the market generally tax rates will be adjusted so for the average home tax increases are based on the counties budget going up. The counties do not treat it as a windfall.

[@M.Campbell]

There are state, county and city property taxes. I've never seen them go down. Always up. I suppose it could happen, but it hasn't to me.

[@12345fowler]

I would add another question : can you also deduct the amotization of your house in the U.S. ? This is basic economic/accounting stuff. the more ageeing you asset is, the more it loose it's recognized value (=purchase value) You property value should reflect that loss of value years after years. Altought it can be offset by the appreciation based on other factors etc. At leat you should be able to defend a loss of value due to amortization.

[@doubletapgaming1189]

I couldn't retire in Texas because of the property taxes on my 3 bdrm house. It was nearly $500 a month.... I moved to Arkansas and I pay about $250 a year for taxes here.

[@mickmamahawkmickmamahawk5829]

I have no idea what's going on but my son listed his house for sale. He followed the realtors advice and listed it above appraisal. Only $20K over. Within 24 hours of listing first offer came in $150K over their asking price. The next day 2 more offers come in and someone offered 200K over the appraisal. They accepted the offer for $250K over the appraisal. He is the 5th person I know personally who got at least 200K over appraisal. Someones buying up property and they do not care what the price is.....I find that very very scary.

[@vistabadboi]

They do not complain when they sell and pocket all that cash !!

[@mrsgbo03]

Appraisal price has nothing to do with selling price. When people buy what they can afford it is unfair for the government to come in and tax you for an astronomical dollar amount that you did not agree to. And if you do happen to sell at a higher price tax the buyer that bought it at a higher price.

[@sa3270]

If you sell, you have to buy a new home and pay even higher taxes at the full market value!

[@Emily-qg3ej]

It’s a problem across the state. A neighbor shared the appraised tax values of the homes they said belong to county officials…. Little to no increase for many years. They claim they presented that in their appeal and won. If it’s true not sure how they figured that one out but FYI if y’all are making appeals.

[@Sanwizard1]

Taxes should not be appraised on real estate cost. It should be based on cost of services.

[@xzmrquanzx]

Its sad…investors are screwing homeowners over by driving up the house prices everywhere.

[@dano8328]

Right now is just a stupid time to buy a house. I give it about 2 years and the price's are going to come crashing down

[@networth00]

I give it less than one.

[@Eric-bh7jy]

Property taxes in all states should be locked in at the purchase price for the homeowners. Period. This is how people get priced out of their homes. Complete BS

[@delaformosa]

That's how it is in California

[@djack915]

Taxes rising in some states is soooo skeevy- probably in the govenors pockets and various minnons

[@jacksongunner7122]

This is why California passed prop 13 way back in the 1970’s as it was happening to them back then. Unfortunately for Texas you have no way to put a ballot like this up for a vote.

[@cosmicllama6910]

can't have that scary communism now can we!

[@tomv5988]

It's happening pretty much everywhere. Even in areas that are just plain awful.

[@hermanrogers1325]

And so the property taxes is about 22,000 a year good luck

[@diostejastierras7898]

In some counties people are seeing 8x to 10x increase in the land/lot value of their homes and are being blown away by the tax bills. Protesting is only kicking the can down the road(year). Something has to change! *Take Care & Safe Travels Everyone!*

[@TexasRed167]

What state? TX is capped need to read your tax bill my friend. People over 65 taxes are frozen. There are plenty of inexpensive places to live

[@diostejastierras7898]

@@TexasRed167 *You're not seeing the big picture & ripple effect.* I'm glad you qualify for all the exemptions and more, but are your insurance premiums also Frozen? Some aren't 65 (so the cap is still an increase/tax burden), and some lots may not be under homestead exemption. Even if the taxes are frozen, the heirs may get hit hard(there are a few new laws helping those in these situations, but more needs to be done). If no exemptions are in place and you rent it out, the tenant's rent has to increase, placing a toll on families. You could short term rental it(if in a desirable area), but do you want that as your neighbor?

[@bigkahunaburger5185]

Home values will come down quickly, let’s see how fast the tax appraised values fall.

[@taylorfox2878]

I'm in east texas and my taxes have gone up every year since I bought the house it feels like. I've lived here for 8 years and it has always increased. And appriasal went up $130k from last year. 😑

[@lillianpitts9853]

Going through the same thing selling mines now dont know where I'm going to live when I sell it

[@altaneri6980]

I'm the assessor for my area and my area has went up significantly. Sales and cost of building has caused the increase. In my area its not slowing down. Assessed values will be going up next year again.

[@altaneri6980]

@Peppermint it does appear that way, but assessors don't control the market. Buyers are willing to pay more and banks are willing to loan the money. I have new construction selling for $100,000 more than 2 years ago. The market is crazy and assessors are required to go by the market.

[@AtypicalM]

@Frank Martin You're absolutely right. History repeats itself. Out with the old, in with the new. Imo, It is worse due to EVERYTHING being expensive and growing by the day.

[@MeadowDay]

Frank Martin very true

[@byronbuck1762]

But are you adjusting the ad valorem rates to compensate?

[@byronbuck1762]

@Frank Martin do you know what ad valorem means?

[@junkmail1203]

There’s plenty of Texans that cross the boarder for a cheaper lifestyle. The state politics may not like the South. The wall and all, but there’s definitely a growing population of Texans here.

[@fentonb9520]

We are not all in the same boat, but we are all in the same storm, some are in yachts, some are in canoes and some are just drowning

[@robertmendoza243]

It's very disappointing to live here. They are taxing us out of our homes. So sad👎😢

[@benproffitt5957]

Home gets older (depreciation) but taxes go up. Scam scam scam. Why would my home value go up because others want to buy a home. I'm not selling! It's just an excuse to shake you down for more money.

[@AminaPhilosophy]

Rinse repeat.

[@Misaka-gt5yj]

The county tax assessors will always try to increase your taxes to get revenue. They are essentially legalized mafias.

[@byronbuck1762]

Because that’s how real property values and capitalism works. The value may go up but the taxes only do if your local elected leaders let them. They can lower the ad valorem rates if they choose

[@benproffitt5957]

@@byronbuck1762 but even claiming the value went up because more people want to buy homes is a lie in reality. It's the same home that depreciates year after year and even in a hot market no one is going to give you more for your home unless you sink 50 to 100k in updates otherwise your going to get the lower offer of what your home is really worth. My home the seller listed for 265k in a hot market. The home needed a lot of updates. I offered 180k and she took it because she knew that's all it was worth before updates. No way would I had bought it for what the county said it was worth. After buying I protested the tax amount and they lowered the tax to reflect a 180k price. Government and capitalism are sometimes just taking advantage of people. And that's also the reason the elderly lady sold her home. She said taxes on the home were getting unreasonably high for her fixed income.

[@byronbuck1762]

@@benproffitt5957 nonsense. Property values rise and fall based on a number of factors but in this market it’s been demand over supply. It affects all properties, only varying at the margin based on conditions and updates. Recently many homes priced well are snapped up regardless of condition by investors and cash buyers sight unseen. In other cases, buyers are waiving inspections and contingencies. We may see this reverse some now with higher interest rates but reality is values rise even if you do little to the house but maintain it. I’ve seen this firsthand with my three houses in three different states. One tripled in value in ten years, one doubled in five and the third doubled in one year. The structure might depreciate - but with rising construction costs they haven’t but the lot just escalates.

[@xilvrado]

this is why California has Prop 13.

[@voltatech7772]

.....a d legislators are working real hard to abolish it.

[@Misaka-gt5yj]

Wait till you realize your Californian lawmakers are trying to get rid of prop 13. Wait till you realize Biden also wanted to introduce a FEDERAL property tax and treat it as income tax.

[@willieverusethis]

@@voltatech7772 No one has any interest in abolishing it. But some of us would like to close the loopholes that allow corporate landlords to benefit by transferring title to shell companies to avoid reassessment. The law wasn't written to protect their obscene profits.

[@usadaytrader]

This is one of the reasons Prop 13 was passed in Cali decades ago. Prevents you getting taxed out of your own home.

[@rsbbs101]

It’s happening across the country. I live in Topeka Kansas and our property tax value went up 20k this year . And know an individual who’s went up 45k. Back home (in Vermont) my brother put his condo on the market (5/2022). He received multiple offers in no time and finally signed a contract within 2 days of listing with an offer of 47k over listing price. It’s these things that drive up property values. And ultimately taxes. Crazy stuff happening….

[@interpol9871]

Texas have one of the highest property taxes in the country

[@TexasRed167]

So stay home

[@interpol9871]

@@TexasRed167 state of Texas need to cut the property taxes ASAP

[@networth00]

You must have never looked at places like NJ or Chicago property taxes.

[@kirbywaite1586]

This is what happened to CA in the 1970s. People were being taxed right out of their homes. The result of it was the State Law ( still referred to as) Proposition 13 which limits assessments to a certain yearly percentage. Periodically, attempts are made to overturn it which would be a disaster for homeowners should it happen. The law was the result of a Republican led state referendum spearheaded by Howard Jarvis. It's the only piece of Republican legislation that Democrats like because it saves them money.

[@davidsebastianelli1326]

Republicans don't like saving money?

[@jorgesalazar818]

@@davidsebastianelli1326 he's saying democrats actually supported the republican brought bill. Mainly because it saved the Democrats money on their own property taxes.

[@reed311]

Prop 13 was a ballot initiative that was approved by voters. There is no evidence it was started by Republicans. In fact, the recent repeal efforts were led by Republicans - one of the many reasons they are unpopular in the most successful state in the nation.

[@kirbywaite1586]

@@reed311 i believe Howard Jarvis was a Republican but I could be wrong. It was certainly a referendum supported by Republicans and staunchly opposed by Democrats. However since it remains financially beneficial to them they don't oppose. It's rather disingenuous of you to say attacks on it are the reason Republicans are disliked in California. They are disliked because they've attempted to stand in the way of the left that has controlled California for several decades and continues to steer it on a very destructive course.

[@Westtx556]

Local gov is playing the real estate market with other people's property, take them to court.

[@toddburgess6792]

This is happening all over the U.S. We are being squeezed out through artificially high values with the accompanying assessment of ridiculous taxes. 8 years until we own nothing and be happy?!?!? NOT ME!!

[@samuelweir5985]

"This is happening all over the U.S." Not in California, even though the housing market is skyrocketing. California has Prop 13.

[@notfromearth8496]

“You’ll own your home” they said

[@TexasRed167]

You do. Taxes don’t stop! Ask the Democrats they love them

[@Ginge1164]

In the UK you pay council tax based on the property value when the property was built. We don’t pay more each year because the property has increased. Even if someone new buys my hone it will remain the same price

[@MeadowDay]

No such fairness here in Texas …locals all forced to move and sell up their homes, farms and ranches that they have spent their whole lives working and paying on. It’s just criminal , daylight robbery..we are now the new California. 😪🇨🇱

[@Ginge1164]

@@MeadowDay That’s horrendous! I honestly thought it was a similar set up than the UK. I know they’re a lot higher in the US but I didn’t realise they increase with the cost of the property. What about people who are retired? They would struggle to keep covering the cost of these increases. If I bought my house 30 years ago for 150k and it’s now worth 700k my payment is around the same. Yes there is the normal inflation of around 4-5% added each year but that is probably not even a couple hundred.

[@networth00]

Property taxes in the USA pay for local stuff like schools, police, fire deptartment, roads, etc. Where does that money come from in UK?

[@Ginge1164]

@@networth00 Its exactly the same in the UK. It covers police, fire, road maintenance, local schools, local park maintenance, bin collection and even homelessness. We call it council tax. Basically it's in bands depending on the value of your home in 1991 or when it was built (if that's after 1991) but once it's set it won't go up apart from 3-4% annual inflation. So if your home was worth 300k in 1991 and it's now worth 3,000,000 your still in the same band paying the same (apart from the 3-4% inflation)

[@12345fowler]

@@Ginge1164 They had this same issue in France when the Socialist in power decided to implement a tax on global heatlh of individual. A side effect was elderly people with very little money but owning their house since long time ago went into the category of beeing "rich" and thus started to get taxed and some couldn't afford it. It was fixed by some adjustments on the tax law and definition of beeing "weahlty".

[@trinaisspeakin4539]

Yep that influx of big money sure put homeowners in a pickle. Imagine all the people getting overpriced homes AND all of these taxes to boot.

[@sarahdeshay1394]

I’m south of Austin in rural Caldwell county and had my assessments go up by as much as 45% this year, I rent a store front so there is no homestead exemption and my tax (through triple net on lease) will increase my rent by 8% or $280/month. Homestead property has a 10% annual increase max.

[@bannockchief]

Will they lower the appraisal when the bubble bursts?

[@networth00]

They did last time. It's called assessment, not appraisal.

[@sct4040]

There should be a property tax credit for those on retirement. NYS has a Star Rebate.

[@texaswunderkind]

While I don't necessarily disagree, every exemption you give for the elderly, veterans, disabled, etc. just places more of the overall burden on working families. The money has to come from somewhere.

[@palace927]

This is happening across the country in every state.

[@lynetteclauser3551]

It isn’t just North Texas or Dallas/Ft. Worth, its all of Texas. I live south Central and have already been taxed out of my home and that started I. The downfall I. 2009. 3 consecutive reassessment. Doubled our taxes. With stupid things like, we are now taxing porches. Land value went up, out of 50 examples from my neighborhood and surrounding area all said the value for my lot was $30k, but 1 guy, 1 guy got 50k, so mine went up. Freezing them at 65 does no good, if they are already a struggle when your working full time. I think they should drop the ISD portion of the property tax assessment. My kids have been grown for over 20 years. Plus I paid double. I worked two jobs and so did my husband to put our kids in catholic school, while still paying ISD taxes. I understand the need for taxes to pay for roads, fire, police, etc. but when exactly do I get to not worry about loosing my hone and being out in the street.

[@mcp2142]

Just go and tell them your house is over value on the taxes and most cities will lower your property taxes , my bro did that and the lower it to what he thought it was worth

[@lynx70123]

Depends. The appeal can also be denied.

[@yclablee765]

My experience is they will give you some, but not enough to ease your pain.

[@rubyoro0]

Here in Cali, my cousin had to submit list of houses in his neighborhood that sold for what he was wanting to be reassessed. Needless to say, he was screwed.

[@TexasRed167]

False. To what he said. LOL

[@networth00]

Most of the time you have to take an appraisal, which says your house is worth a fortune.

[@KDrop84]

House increases SELL IT! And take the equity and buy something else

[@M.Campbell]

Can't afford anything within range of the job.

[@networth00]

Sell for $400k and pay a realtor fee of 6%, then buy another house at the top of the market. KDrop doesn't own a house I take it.

[@happycook6737]

Lol what a joke. You try To go find a cheaper place. We are priced out.

[@JimmyJohn60]

Update a year later: same thing again for 2023, appraisals up well over 20%. Homeowners insurance increased as well, mine increased 40%. How many years of this before a crash?

[@thomasauslander3757]

It's going to be so bad even Homeless Tents on streets be charged property tax.

[@jasonpierce1980]

Just remember are you elected the people into office 🤦

[@M.Campbell]

No, I didn't. But I have to live with the results. Dumb asses who elected them are too stupid to see the consequences.

[@mylifeintexas]

There should be a tax cap like back in Florida. No matter what the value does, the taxes can’t go up no more than 2-3%. It saved millions of people from losing their home. I don’t know if other states are like Texas but damn I’m sick of seeing my taxes increasing every single year and have to waste my time and money to argue that my cardboard box with clay bricks is depreciating in value due to the twigs they built it out of are rotting. Why they build homes like this I will never know. Wood is good on the floor but don’t build a house with it. This shiznit burns faster than anything you can imagine.

[@TexasRed167]

There is for some

[@mylifeintexas]

@@TexasRed167 Should be state wide. When taxes go up, so does rents and mortgages

[@bamkablam]

This is virulently disgusting. May the Dallas taxing authorities get boils all over their faces.

[@keezjordan1619]

Every body has a excuse for charging more. Insurance, gas,food,taxes,rent, yet the owners of these company's are living large. Let's bring the whole system down!

[@bemhibbits4157]

Prior to WW2, American families lived generationally in the same home. Society didn't pressure young folks to move out at 21 yrs old. My kids are 19 and 16 and they can stay with me forever for all I care. Why would I want to push out the people I love the most? When one of my parents passes, the other will move into my brother's house. We won't inter them to a care facility. People can make choices.

[@jc1979af]

Agreed! I told my daughter she could live with us while in college. No point in paying rent to someone else, when she can live for free. The whole "kick the kids out when 18" is an idoitic boomer thing. Buying a home at 22 while working swingshift at the pencil factory isnt a thing anymore. Set your kids up for success is what rich people do, and it pays off when they can help you when you are older.

[@Rhaspun]

In many other countries having a multi-generational household is the norm.

[@djack915]

Hope you don't have to put your elderly in a home but things happen , get insurance for that now - well worth it when my mom had alzeimer s

[@bemhibbits4157]

@@Rhaspun It was here in America until WW2 ended.

[@unknownalias5538]

Your a great parent ! If there were more people like you are country would be glorious again

[@stevenmorrison3876]

Everything we are seeing with the housing market are the consequences of the FEDS not increasing interest rates accordingly. With the rates being so low close to zero everyone wants to buy a house but if it’s going to cost you 5-8 percent to borrow to buy a home you are going to think twice about it

[@zane8789]

Or it could be Texas just raising property taxes 3 fold in 5 years because there is no law/policy prohibiting them from doing so.

[@networth00]

@@zane8789 Nope. Steven is correct.

[@vickimerritt2832]

@redheart3014 No, neither of you are exactly correct.. Developers (many who are city or county officials hiding under shell LLCs ) not homeowners sellers or buyers ruined housing AND the city makes deals with them making them fix the roads and they defer the taxes for developers 5 years or more , then they get that money from existing homeowners too, greed not capatalism is the problem. Go back and fully educate yourself.

[@WhatIsThis-zq4hk]

You either pay rent to a landlord or to the government. Take your pick.

[@cynthiawanek8353]

In Harris county Texas it's up over 300 percent. They have change from cost to fair market value but what happens when the market crashes.