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.
We used Jill to buy our house in 2010. We then needed to sell it in the fall of 2013,... read moreWe used Jill to buy our house in 2010. We then needed to sell it in the fall of 2013, and knew we would call Jill again. She was so professional when we worked with her (both times). She was prompt to answer or respond to calls, always had a correct answer for any questions, and was great at navigating the bumps in the process. We had several issues in selling out house, but Jill always kept us calm, assuring us that everything would work out. She was absolutely right! Now I want to recommend her to all of my friends, and wish I could use her again--unfortunately, we won't be moving for a while! read less