The Trade-off: Affordable Living in Texas Comes with Higher Property Taxes
Many Californians are moving to Texas for a more affordable lifestyle, but they may encounter higher property taxes. While housing and gas prices are lower in Texas, the average property tax percentage rate is 1.74%, compared to California’s 0.75%. However, the lack of a state income tax and lower sales tax rates in Texas provide some balance. The decision to move depends on individual preferences and financial circumstances. Furthermore, a recent constitutional amendment was passed in Texas to offer property tax relief and address rising housing prices and property taxes.