That said - if the value of my home continues to go up and my tax rate stayed the same the government taxing agency would continue to see an increase in revenue. The government has a built in COLA every year because of that but my salary does not have that so while my tax bill goes up my salary stays the same (not unique to education as there are a NUMBER of industries that have volatile pay ups and downs) yet my expenses climb.
The problem is when they are raising my evaluation beyond market value for the sole purpose of spiking taxes. This would be why some legislators and constituents pushed so hard for a cap. When the appraiser wants to raise my home value 10 or 15% a year but my salary stayed the same or went up a few percent then we are on a path to being taxed out of my home.
To be very honest, it is unlikely I will retire in Texas. No income tax is great as a worker. A 15 or 20k tax bill for a home I already paid off when I turn 65 is kind of a non-starter.
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