Not surprisingly, Texas has the highest property tax as a percentage of median income. What this map does not show, however, is that there is no state income tax in Texas, as opposed to a low property tax state like California.
Having lived in a property tax + income tax state before (Louisiana), I like what we have here in Texas. Percentages of funds generated from property taxes are also specifically allocated (schools, for instance), rather than just going into a black hole account.
Tags: finance, liberty, politics, taxes, texas
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