There is no denying that our real estate taxes in Spring Texas are higher than in other states. But you shouldn’t ONLY take into consideration real estate taxes when considering whether its affordable to live in Spring Texas.
For 18 consecutive years the nonpartisan Tax Foundation has published an estimate of the combined state-local burden of each of the 50 states. And they have just released the State and Local tax burden estimates for 2008 and our big state of Texas came in as the 8th lowest state in state-local tax burden. And this rating of being in the top 10 lowest states in state-local tax burden is not a flux. We have enjoyed this ranking for the last four years.
We, Texans, pay 8.4 percent of our income in state and local taxes, compared to New Jersey at 11.8 percent, New York at 11.7 percent, Connecticut at 11.1 percent and Maryland at 10.8 percent. What’s the national average?
The national average state-local tax burden is 9.7 percent.
Would you be able to guess what state enjoys the lowest state-local tax burden? If you guessed, Alaska, you would be correct. Alaska’s state-local tax burden is 6.4 percent. The other states with a lower state-local tax burden than Texas are Nevada, Wyoming, Florida, New Hampshire, South Dakota, and Tennessee. Coming in at #10 is Louisiana with a state-local tax burden of 8.4%.
If you are thinking about relocating to Spring Texas, please give us a call at 281.804.8626. We will be happy to help you find the right house to call “home” in Spring Texas.
Jill is amazing and by far the best realtor I have ever worked with and if I could give her... read moreJill is amazing and by far the best realtor I have ever worked with and if I could give her 100 stars I would. I listed my home with Jill after having a bad experience with a very well known agency that advertises their ability to sell your home fast - which is what we needed and what they did not do.
I think what is most important to know if you are looking to hire a realtor is that the other company had my home on the market for weeks with minimal showings and no offers. With no major changes to the home Jill had my home on the market for TWO days and we ended up with NINE offers - the house closed in 21 days at a price above list price!
Jill was able to do this because she is a consummate professional, she has developed a process from your initial meeting to the closing that is stellar. Her level of service is extraordinary and going above and beyond seems to be her standard operating practice.
I highly recommend Jill if you are looking to hire a realtor!!! read less