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Feb 12th, 2024
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 Re: Got my Property Tax Bill
[Re: oldstyle244]
#8596187
05/12/22 12:37 PM
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Joined: Jul 2019
Posts: 14,151
Hudbone
THF Celebrity
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THF Celebrity
Joined: Jul 2019
Posts: 14,151 |
I will add this - when people's property values are increased by the taxing entity they scream - when they go to sell that property and get their appraisal they love it
But there is a big difference there. The perceived value of your home is irrelevant until you decide to sell it. Just because the taxing authority says my house is worth more and wants more taxes because of it, doesn't mean I have any more income to pay the increased taxes. This is why old people or folks on a fixed income lose their homes to greedy tax collectors I suppose a state income tax would work better for you and bet you can't name a single old person (over 65) who lost their home because of a failure to pay property taxes.
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Re: Got my Property Tax Bill
[Re: oldstyle244]
#8596273
05/12/22 01:45 PM
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Joined: Mar 2013
Posts: 5,038
jetdad
THF Trophy Hunter
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Joined: Mar 2013
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"This is why old people or folks on a fixed income lose their homes to greedy tax collectors"
If you are over 65 you do not have to pay the property taxes on your homestead. You cannot have your home foreclosed on for lack of payment. Taxes continue to accrue with interest and penalties and will be collected when the property sells or changes hands through probate, but old folks don't lose their homestead to a delinquent property tax sale. If you are a youngster, then that's a different story.
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Re: Got my Property Tax Bill
[Re: oldstyle244]
#8596288
05/12/22 02:02 PM
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Joined: Jul 2013
Posts: 6,032
tlk
THF Trophy Hunter
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I will add this - when people's property values are increased by the taxing entity they scream - when they go to sell that property and get their appraisal they love it
But there is a big difference there. The perceived value of your home is irrelevant until you decide to sell it. Just because the taxing authority says my house is worth more and wants more taxes because of it, doesn't mean I have any more income to pay the increased taxes. This is why old people or folks on a fixed income lose their homes to greedy tax collectors Age 65 and older in Texas can freeze their school property taxes.
You can't fix stupid
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Re: Got my Property Tax Bill
[Re: RattlesnakeDan]
#8596293
05/12/22 02:06 PM
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Joined: Jul 2013
Posts: 6,032
tlk
THF Trophy Hunter
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THF Trophy Hunter
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Posts: 6,032 |
"I will add this - when people's property values are increased by the taxing entity they scream - when they go to sell that property and get their appraisal they love it"
They raised my property value this year almost 200k. So if they do that to everyone then what is the point in selling, where are you going to go? Find a deal somewhere on a fixer upper maybe but once you do the repairs they whack you on that property. A higher value does not really benefit you anything unless you are going to leave the planet. lol People sell their homes and buy a different one all of the time - maybe they move to another area or downsize but when a home is eventually sold everyone expects to receive the market value for it - Wife and I downsized a couple of years ago - go a great price for the home we sold and built a smaller one and pocketed the gains
You can't fix stupid
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Re: Got my Property Tax Bill
[Re: oldstyle244]
#8596431
05/12/22 05:54 PM
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Joined: Dec 2009
Posts: 9,808
The Dude Abides
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In Texas, veterans with a disability rating of: 100% are exempt from all property taxes. 70 to 100% receive a $12,000 property tax exemption. 50 to 69% receive a $10,000 property tax exemption.
I am still looking for the perfect apron, one with reinforced knee areas would be perfect.
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Re: Got my Property Tax Bill
[Re: oldstyle244]
#8596436
05/12/22 05:58 PM
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Joined: Jan 2007
Posts: 15,480
reeltexan
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Homesteaded and locked at 65.
![[Linked Image]](https://i.postimg.cc/KjZZqFj8/point-with-bird.jpg) "Give me an Army of West Point graduates and I'll win a battle... Give me a handful of Texas Aggies and I'll win a war." - General Patton
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