Look Iâm not saying thereâs no exceptions, but I do know the regs in general are much less in Texas therefore much lees costly to open the doors.
I lived in Texas many years & almost didnât have regs to deal with, low cost of living in general, & low overall taxes. Property is a bit high there though.
My family in Tennessee seems to have it the best no state income tax, no property tax on vehicles. Plus property taxes arenât bad and prices are not through the roof just yet in Nashville although that is changing and been one of the hottest house markets in the U.S.
Yep them and Florida. I am sure they are more but those are the two I have my eyes on when it comes time to think about retirement which is a long time away.
Canât remember which one but one I think doesnât tax your retirement account could be wrong though.
How many make $160,000.00 per year? The average is only $63,688. This chart says California is the fourth worst state in the entire US?
$63,688
Median household income in the United States rose to $63,688 in January 2019 , a 0.3% increase over the Sentier Researchâs estimate of $63,517 for December 2018.Feb 27, 2019
Texas property tax rates are set locally, not statewide. So the tax rate depends on where you live. Rural, mostly agricultural areas have much lower tax rates than municipal Dallas, Houston, San Antonio, or Austin. Same goes for the sales tax. The rate varies based on the locality, with a state mandated maximum of 8.25%
the reason taxes in ag areas of texas is becasue texas offers an enormous ag exemption for property taxes when the land is also used for ag. even if its just having a couple of cowsâŚ
We own homes in Baltimore (County) MD and Palm Beach County FL
Taxes run about 5% less in FL
Taking all things in comparison i.e. police, fire, schools, roads, recreation, transportation etc, we think weâre getting more for our tax dollars in Florida.
Besides, itâs FLORIDA not the Peopleâs Republic of Maryland fer crissakes!