Single homeowners............
12-15-2011, 02:08 PM
#21
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Also here as a single homeowner without a spouse. For me things are tight but certainly not living outside of what I can/could afford at the time I bought this place. I am about to pay off my truck next year which will be quite nice. As others have said it's all about how you budget your money. My house was a fixer upper and was a HUD house so we got a pretty good deal on it.
12-15-2011, 10:13 PM
#23
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I hate taxes. House was appraised for 175k and I pay almost 7k/year.
Just FYI, Homestead in Texas is A JOKE!!!!!!!!!!!!! When I file it'll lower my bill $250/yr.
Just FYI, Homestead in Texas is A JOKE!!!!!!!!!!!!! When I file it'll lower my bill $250/yr.
12-15-2011, 10:20 PM
#24
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Here is how our homestead breaks down:
Ag Land $0
Land $27,845
Building $113,672
Extra Features $3,927
Just Value $145,444
Assessed (Non-School Amendment 1) $145,444
Homestead 196.031 - $25,000
Non-School Additional Homestead Exemption - $25,000
Non-School Taxable Value $95,444
School District Taxable Value $120,444
Land $27,845
Building $113,672
Extra Features $3,927
Just Value $145,444
Assessed (Non-School Amendment 1) $145,444
Homestead 196.031 - $25,000
Non-School Additional Homestead Exemption - $25,000
Non-School Taxable Value $95,444
School District Taxable Value $120,444
12-15-2011, 10:22 PM
#25
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I recommend renting for a year in a house thats in the same price range to get a feel of it,but the best advice is buy new and do your home work on the taxes,hoa and so on.
12-16-2011, 05:58 AM
#27
I disagree with buying new unless you are buying in the 300k+ market. We moved onto a new neighborhood in Katy and loved it until 4 years later when the area went down hill.
Moved to an established 30 yr old neighborhood that really doesn't cost that much more- yet makes the owners take care of their houses. An HOA is a pain until your next door neighbor paints their house pink, parks in the front yard and plants a jungle in front of the house
Moved to an established 30 yr old neighborhood that really doesn't cost that much more- yet makes the owners take care of their houses. An HOA is a pain until your next door neighbor paints their house pink, parks in the front yard and plants a jungle in front of the house
12-16-2011, 10:50 AM
#28
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I live in Katy in the $300+ market and pay the astronomical 3.4% property tax in the $10k plus per year....it's insane. I will likely be selling the house soon and moving to an area with 1+ acre homesites with lower property taxes.
12-16-2011, 02:58 PM
#31
I'm in the 3.4% tax rate plus HOA ($900 year)
Sale price is $298k which is not what I will be taxed at. But let's look at that.
3.4% is $10,132.00
Homested is 20% off so - $2026.00
So taxes for the year $8,106.00 or $675.50 a month.
Naw here comes the fight. Dispute your tax bill!! You don't need to hire a lawyer or anything but know how to use your computer and research your area.
I was a single house owner for 8 years! Now buying a new house in a few days lol.
Sale price is $298k which is not what I will be taxed at. But let's look at that.
3.4% is $10,132.00
Homested is 20% off so - $2026.00
So taxes for the year $8,106.00 or $675.50 a month.
Naw here comes the fight. Dispute your tax bill!! You don't need to hire a lawyer or anything but know how to use your computer and research your area.
I was a single house owner for 8 years! Now buying a new house in a few days lol.
12-16-2011, 03:10 PM
#32
I'm in the 3.4% tax rate plus HOA ($900 year)
Sale price is $298k which is not what I will be taxed at. But let's look at that.
3.4% is $10,132.00
Homested is 20% off so - $2026.00
So taxes for the year $8,106.00 or $675.50 a month.
Naw here comes the fight. Dispute your tax bill!! You don't need to hire a lawyer or anything but know how to use your computer and research your area.
I was a single house owner for 8 years! Now buying a new house in a few days lol.
Sale price is $298k which is not what I will be taxed at. But let's look at that.
3.4% is $10,132.00
Homested is 20% off so - $2026.00
So taxes for the year $8,106.00 or $675.50 a month.
Naw here comes the fight. Dispute your tax bill!! You don't need to hire a lawyer or anything but know how to use your computer and research your area.
I was a single house owner for 8 years! Now buying a new house in a few days lol.
Ask LS1X2 how well that worked, he researched it, had a realtor get him current data, they still through all his stuff out
12-16-2011, 03:14 PM
#33
Formerly 4mulaJoe
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Yea. I got fucked on my taxes. I can go build a new home down the street for less than mine is appraised with very little negotiating. Makes me ******* sick, and I hope the ******** at FBCAD responsible die in a ******* fire. Corrupt bastards!
12-16-2011, 03:23 PM
#34
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No problem as long as you can afford it and only YOU can answer that question. I raised my daughter as a single Dad for 13 years (1992-2005) until she graduated HS with the last 7 of those years in our own home. Since then she has graduated, is on her own and I am re-married and have since sold that home and custom built a new home.
12-16-2011, 03:55 PM
#35
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Also a single homeowner. Things aren't necessarily tight, but they're not loose either. I'm comfortably affording all that I have. I can not afford any other big purchases. Savings is pretty much non-existent other than a 401K. SO yeah if I lost my job I'd freak out real quick but in my industry I shouldn't have a problem finding another job decently quick.
Like right now I'd like to add an extra car to the mix, I got the drag car, got a truck, got a pretty nice daily driver that gets great gas mileage. But I still would like to add maybe a C5 or a Terminator vert to the mix, and a boat, and a 4 wheeler, but there's no room in the budget for that anytime in the near future. So I'm kind of stuck like chuck, then again is that so bad for a single 29 female? Not really, I think I'm just trying to compare myself to people who are older or have a two income household and that's not fair to do that to myself.
But hey - a decent apartment was costing me something in the $850 range, utilities weren't much. But it's worth the extra $600-700 a month to establish equity in something. People like to complain about the extra maintenance a lot, but those people are generally lazy and somewhat worthless.
Like right now I'd like to add an extra car to the mix, I got the drag car, got a truck, got a pretty nice daily driver that gets great gas mileage. But I still would like to add maybe a C5 or a Terminator vert to the mix, and a boat, and a 4 wheeler, but there's no room in the budget for that anytime in the near future. So I'm kind of stuck like chuck, then again is that so bad for a single 29 female? Not really, I think I'm just trying to compare myself to people who are older or have a two income household and that's not fair to do that to myself.
But hey - a decent apartment was costing me something in the $850 range, utilities weren't much. But it's worth the extra $600-700 a month to establish equity in something. People like to complain about the extra maintenance a lot, but those people are generally lazy and somewhat worthless.
12-16-2011, 05:24 PM
#36
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Also a single homeowner. Things aren't necessarily tight, but they're not loose either. I'm comfortably affording all that I have. I can not afford any other big purchases. Savings is pretty much non-existent other than a 401K. SO yeah if I lost my job I'd freak out real quick but in my industry I shouldn't have a problem finding another job decently quick.
Like right now I'd like to add an extra car to the mix, I got the drag car, got a truck, got a pretty nice daily driver that gets great gas mileage. But I still would like to add maybe a C5 or a Terminator vert to the mix, and a boat, and a 4 wheeler, but there's no room in the budget for that anytime in the near future. So I'm kind of stuck like chuck, then again is that so bad for a single 29 female? Not really, I think I'm just trying to compare myself to people who are older or have a two income household and that's not fair to do that to myself.
But hey - a decent apartment was costing me something in the $850 range, utilities weren't much. But it's worth the extra $600-700 a month to establish equity in something. People like to complain about the extra maintenance a lot, but those people are generally lazy and somewhat worthless.
Like right now I'd like to add an extra car to the mix, I got the drag car, got a truck, got a pretty nice daily driver that gets great gas mileage. But I still would like to add maybe a C5 or a Terminator vert to the mix, and a boat, and a 4 wheeler, but there's no room in the budget for that anytime in the near future. So I'm kind of stuck like chuck, then again is that so bad for a single 29 female? Not really, I think I'm just trying to compare myself to people who are older or have a two income household and that's not fair to do that to myself.
But hey - a decent apartment was costing me something in the $850 range, utilities weren't much. But it's worth the extra $600-700 a month to establish equity in something. People like to complain about the extra maintenance a lot, but those people are generally lazy and somewhat worthless.
12-16-2011, 05:38 PM
#37
2007 they said $117,457 I fought showed proof had a review of a board of 3 people and got it dropped to $102,844. Dropped over $14k Also hcad does not mean much on the sell either I sold my old house for $115k
