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- #341
Baymule
Herd Master
Yes, while they are anxious to get in here, they realize that I can’t complete evacuation overnight.
Actually TX can be higher because they are reassessed each year. We pay 2.5X on this place here (4/2 2500 sf) as we pay on our little rental in Ft. Worth (3/2 1300 sf). Property value here is about 7 x that of FW property. Property taxes seem lower because the properties are cheaper. In Cal the taxes are 1.25% of purchase price of property. But then the property value is not reassessed until you sell. Instead every year your taxes go up 2% of the tax (not new value) as long as you stay in the house. When we sell our place, the new owner will see the taxes jump 3 times what we pay and we have been here 33 years. If you can prove that your value has gone down you can apply for a reduction. If you are 100% permanently disabled you can apply for a disability deduction - the Cal deduction for permanent disability is 10% of the property value from the original valuation which really is next to nothing here where the cheapest home is around $300,000. The disabiity deduction is not prorated based on the percentage you are disabled. If you were permanently 100% disabled your taxes would be reduced by 1.25% of 10% of the value of your property. This would be a one-time deduction and then they would continue to rise 2% every year. On the other hand, if you are 95% disabled you get no deduction. In Texas the tax deduction is based in your permanent disability Percentage. You can apply for further deductions if your disability rate is increased.Need to consider everything, not just income. Property taxes in TX are likely a LOT less than in So. Cal.
Rest easy everyone. I promise you she is not being pressured at all and we are doing all we can to help with this transition of chapters.
Alot of us are kinda "family" and we care about everyone else...
Thank you @Lstewart86 , for being Bays friend ......
Hope you stay with us here and let us know how your new chapter on her old farm goes....
Planning to stick around. I have a lot to learn on this new adventure! Forgive me because I don’t know all the terminology when posting but I will be starting a journal (I think that’s what it’s called) once everything is finalized. It’ll be good to document it all!! Our dreams are large and exciting but respectful as well!! We will post our story then. Looking forward to getting to know everyone!
YAY!!!! On your way at last! The RV went in the shop, you had the Plague House while y'all had Omnicron, the truck went in the shop, one thing after another! We can build fence and pens for the sheep. And we can run back and forth taking the last of my stuff to Groveton.WE ARE COMING FINALLY! . . . . DG is putting car in shop for quick oil change and 30K mile checkup. We will pack chains, tools, winter woolies, and be on road asap! Hopefully can leave next Monday. Can travel faster without trailer too. Prefer to take Truck because of 4WD in snow, and haulage capacities for fencing stuff, but the SUV has a large cargo area, and we can rent a truck if needed. I guess we don't need to buy inflatable mattress!