Property Taxes where you are or invest?

[Katie Hanner]

I'm just now beginning to feel comfortable considering an out of state investment.  Property taxes seem to be a topic of much conversation (I'm in TX)...so I'm curious  to do a poll -- what are property tax rates like where you are/where you invest, and what are they based off of?  And where are you?

For example -- in my area 2.23% on 100% of the assessed value.   

**AND...GO!**

[Matt Mason]

This is one area where CA doesn’t have high taxes (and also if you don’t make much money as the high income tax rates are for high earners). It is about 1.3% of assessed value, but assessed value can only increase by the yearly inflation rate or 2% whichever is lower. Over time this represents a big difference from market value. I’ve had my primary residence for 19 years and my property tax rate is now about 0.4% of market value. If I sold the buyer would pay three times what I pay.

Oregon has a similar property tax cap, but not sure about any other states.