Originally Posted by
kingairip
Some areas have a combined rate near 3%. That's a fact. Figure a $400k home will be paying near $12k a year at a 3% rate. It's insane.
I suspect you haven't lived in the Northeast or California. In NJ, a modest 3-2 home on a 1/4 acre was running me $10K a year property taxes. Then there were the local township taxes, school taxes, and NJ state taxes (6.4%).
Texas is a income free tax state and if you're only paying 3% overall, you're doing very good. This is why people are fleeing CA and the Northeast and Texas is booming.