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Dec 30th, 2023
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 Re: High Cost of Houses - Austin, Texas
[Re: ReelSlow]
#14359372
05/04/22 04:23 AM
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Joined: Feb 2005
Posts: 3,581
fivebites
TFF Team Angler
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TFF Team Angler
Joined: Feb 2005
Posts: 3,581 |
Capitalism is a beautiful thing Unfortunately in this case it’s not. Imagine value of your home quadrupling with you left holding the tax bill. For no fault of your own and based on others bad decisions you will eventually be paying $2000 a month in taxes. I fail to see the good in that and it’s happening all around me. Now if I didn’t have to have a job and could just move in then fine but that’s not my situation. You're not wrong about Lee. My appraisal on my property DOUBLED this year! I have a rent property near the Domain that is going from $328,000 to [b][/b][i][/i][u][/u]$527,000!! Yet it rents for $2200/month. So for a paid off property that rents for $2200, I'm paying $1250 in property tax, and now the insurance company will want me to double the insured rate, so another $150 down the tubes. For a $500,000 investment my net, if there are no repairs (you guys own a boat...same [censored] for houses...break out another $1000), I will net around $10,800, for a net return of .0216% a year. Man I slid in right under the property tax wire turning 65 last year. The appraised value on my house went up this year a LOT. At 65 your homestead property tax amount you pay is locked , not the appraised value but the amount you have to pay. Our rental property in Halton City appraisal went up 35% and our good long term renters are about to feel part of that pain. Well, you're partially right. Your school tax is frozen at 65, but not the entire tax bill.
2019 Chevy Tahoe
2018 Basscat Eyra 250 Proxs
PB Wife of 32 years!
PB Largemouth 9.56 Ray Roberts
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Re: High Cost of Houses - Austin, Texas
[Re: Happykamper]
#14359394
05/04/22 09:03 AM
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Joined: Aug 2003
Posts: 30,320
RedRanger
burro desagradable
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burro desagradable
Joined: Aug 2003
Posts: 30,320 |
a lot on PK Lake
with a trailer
goes for $400K Lake front lots on Texoma are going for 600-800 K on the lower end, craziest thing i ever seen, with that being said, they quit making texoma lake front lots a long time ago. I don't remember ever seeing any lake front lots on Texoma. They must have to set back off the lake quit a bit. I have seen a few near the damn area but they sit up high on cliff and not really lakefront.
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Re: High Cost of Houses - Austin, Texas
[Re: RedRanger]
#14359483
05/04/22 12:20 PM
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Joined: Jan 2007
Posts: 14,636
Happykamper
TFF Guru
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TFF Guru
Joined: Jan 2007
Posts: 14,636 |
a lot on PK Lake
with a trailer
goes for $400K Lake front lots on Texoma are going for 600-800 K on the lower end, craziest thing i ever seen, with that being said, they quit making texoma lake front lots a long time ago. I don't remember ever seeing any lake front lots on Texoma. They must have to set back off the lake quit a bit. I have seen a few near the damn area but they sit up high on cliff and not really lakefront. There are plenty of lake front homes on Texoma, there is corp land between the home and the water, my home sits about 100 yards off the water, all homes have to be built above the spillway elevation, the homes that were not have been flooded a few times, there are very few homes with docks, my lot had a permit for a dock many moons ago, a storm took it away and the owner did not rebuild it, permit was revoked after a certain amount of time.
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Re: High Cost of Houses - Austin, Texas
[Re: Rayzor]
#14361585
05/06/22 05:09 PM
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Joined: Apr 2017
Posts: 12,183
tmd11111
TFF Guru
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TFF Guru
Joined: Apr 2017
Posts: 12,183 |
Just got my tax notice in the mail. Haven’t had one in 5 years and got hit with a 51.7% increase.
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Re: High Cost of Houses - Austin, Texas
[Re: Happykamper]
#14361711
05/06/22 08:38 PM
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Joined: Aug 2003
Posts: 30,320
RedRanger
burro desagradable
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burro desagradable
Joined: Aug 2003
Posts: 30,320 |
a lot on PK Lake
with a trailer
goes for $400K Lake front lots on Texoma are going for 600-800 K on the lower end, craziest thing i ever seen, with that being said, they quit making texoma lake front lots a long time ago. I don't remember ever seeing any lake front lots on Texoma. They must have to set back off the lake quit a bit. I have seen a few near the damn area but they sit up high on cliff and not really lakefront. There are plenty of lake front homes on Texoma, there is corp land between the home and the water, my home sits about 100 yards off the water, all homes have to be built above the spillway elevation, the homes that were not have been flooded a few times, there are very few homes with docks, my lot had a permit for a dock many moons ago, a storm took it away and the owner did not rebuild it, permit was revoked after a certain amount of time. I figured those docks were somehow grandfathered in. I used to fish Texoma quit a bit in fall and winter, great lake for bass and catching a few smallies from time to time.
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Re: High Cost of Houses - Austin, Texas
[Re: Happykamper]
#14361719
05/06/22 08:48 PM
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Joined: Mar 2005
Posts: 41,441
butch sanders
TFF Guru
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TFF Guru
Joined: Mar 2005
Posts: 41,441 |
a lot on PK Lake
with a trailer
goes for $400K Lake front lots on Texoma are going for 600-800 K on the lower end, craziest thing i ever seen, with that being said, they quit making texoma lake front lots a long time ago. yep PK also
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