Re: HELP needed with Property Tax Question
- From: "JC" <dontbother@xxxxxxxxxxxxxxx>
- Date: Mon, 14 Jan 2008 13:50:29 GMT
"jimstevens" <jimstevens@xxxxxxxxxxxxxxxxx> wrote in message
[Default] On Sat, 12 Jan 2008 04:30:57 -0800 (PST), AndyS
I'm wanting to retire to a small town in the country when I retire.
At my present location in DeSoto TX, I get a City School Tax bill
year for $2,400.00 on my $116,000 home. It kills me to get a single
bill each year for that amount.
How can I find out what my School Tax bill will be if I move to a
smaller town in Texas?
In North Texas, the size of the town you're in doesn't make much
in taxes. You're gonna pay a total of around 2% of appraised value
regardless..... The density of children to population is about the
the number of children that have to be educted versus the number of
taxable entities tend to average out.
I have owned property in Plano, McKinney, Eureka, Allen, and
and the taxes I was charged per thousand of assessed value was very
close. Plano is an high cost suburb of Dallas, and Eureka is a small
incorporated township without a traffic light.
If you retire, you need to look into the special provisions that
in the tax code for people 65 and over. There are two main items of
1) At 65, the property tax can be "frozen" to the dollar value
and future increases in either appraisal or tax rate will not
your tax bill....... You MUST apply for this, however.
2) At 65, you can file what is called a "tax affadavit", which is
that you acknowledge that you owe the tax, but want to defer
until the property needs to be retitled ( you sell, move, or
taxes just accumulate ( at 8% interest) as a tax lien on your
and no foreclosure proceedings can happen when your statement
on file at the clerk's office..... You also have to apply
Your local tax assessor can fill you in on the details. Each
office has a pamphlet called "Taxpayer's Bill of Rights", or some
that mentions these things, but not prominently. These items are
spelled out in the Property Tax Code, which you can access on the
internet . Just Google " Texas Statutes"...... It has a good search
to examine all laws and codes in Texas....
The best way to minimize your property tax is to live in a little
a small lot, OR live on 5 or 10 acres in pasture that can be zoned
as "agricultural". This solution probly isn't available to you.
Good luck. As you learn the nuances of the tax codes, whether
or local, you will find ways to save. None of them are very pleasant,
since it usually means you will have to go and do something...
Andy in Eureka, Texas
( Eureka -- population about 375, tax bill about 2% )
Problem is that sometimes things change. Husband dies and wife can't
manage the home and has to sell. All those deferred taxes come due
then cutting her expected nest egg to live the rest of her life.
I don't think that's the way it works here. If the spouse stays on the
property, even if she/he is UNDER 65, the deferral remains in effect, I
The doctors have narrowed my condition
down to two ailments. They say I either
have arthritis or rigor mortis.
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