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$14,150 in taxes on a $632,208 home outside Austin: Property taxes are soaring in Texas

·4 min read
$14,150 in taxes on a $632,208 home outside Austin: Property taxes are soaring in Texas

Texas is once again witnessing the largest population growth in the nation as people increasingly migrate to what they see as the fiscal promised land. Texas has no personal income tax – a significant benefit compared to states like California, New York and New Jersey that have high income-tax rates. According to the Tax Foundation, the state’s total tax burden is the sixth-lowest in the nation.