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Tony Schumacher moving to Austin, TX?
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StockersRock
Nitro Member
I'm only going to venture a guess that it has something to do with business and the trend of industries moving to Texas. A quick Google search shows a Schumacher Electric facility in Brownsville. However, that is a long way from Austin.
Having done some studies on taxes in different areas I can say without reservation that no matter how they are labeled the bottom line on taxes is very close nationwide. That excludes a few areas that are just crazy high or low. Alaske (low) California and New York (high) come to mind. Texas has no income tax but their sales, personal property and real estate taxes tend to make up a big part of the difference. Advalorum taxes in Texas will take your breath away but real estate is still cheaper that many parts of the country as is total cost of living. Having said that Austin Texas in the number one growth city for business in the country and 4 of the top 5 are in Texas. That's all hard for an old Okie to admit or swallow but its true.
StockersRock
Nitro Member
I found the same to be true when researching a possible move to TX about a year ago.
Ultimately we've stayed in CT, for now, because there are no Division One tracks near Texas.
rckymtn3
Nitro Member
Not to make this a political statement, but I have found that these "fastest growing markets" are fickled, and as likely to be somewhere else in two years, as remaining still for some sort of longevity. Businesses move for two main reasons. Tax breaks on either huge power consumption, or tax breaks as a way to lure businesses in hopes of injecting income and spending. For manufacturing industries, especially electronics-based, the power consumption is a biggie. For others, it's usually warehousing price/sq ft including taxes. I have found the third reason a little nefarious, yet true in many cases. Resources and cleanliness of environment is usually the big, long-term loser in these popular areas. The fourth reason, attracting current graduates. Young people like to go where it's "cool", and obviously, since we're talking Texas, you know I don't mean temperature. All these things come into play, and usually, it's politically driven, and the sad part is, when it all comes home to roost, the politicians are long gone. Businesses moving to an area is always good, but then, they move. Sustaining the growth is a better way, instead of these huge influx patterns we see. Again, not trying to state one is either right, or wrong, just my opinion, and experience, having been one who followed businesses as they found new and tax-friendlier areas.
n/a
Nitro Member
I'm kinda thinking it has something to do with his family?... Tony has talked about retiring from driving at some point (maybe that time is getting nearer) and with his son playing baseball, Texas - UT Austin has lots of sports programs going on... Ref Taxes - Cost of living there... I'd have to agree with John Waters above... Texas has lots going for it, but affordable property taxes are not one of them... That and the unbearable heat (for me) is keeping us away from making that transition...
Because of the partnership with the University, City and the state, that area attracts many high tech companies. It's got a really great quality of life ( that was hard for me to admit) with many activities every night. It also doesn't hurt that Austin with the University of Texas there was also named as one of the top ten party cities in the US. It has a young vibrant feel about it. I have many friends who have relocated there in the last 10 years. But on the down side you all are correct its hotter than who'd thought it there.
vegasnitro
Nitro Member
We have no income tax here in Nevada, but we get hammered at the pump with very high state gasoline taxes (worse for diesel) and our sales tax is a robust 8.1 percent (10 percent in the "Strip Corridor", thank you tourists). Property tax in Vegas is 3.063 per cent of assessed value, which by some crazy formula works out to be around 1 per cent of Market Value. All I know is it goes up a bit every year, even when the market tanked here in the late '00s and everyone lost at least 50 per cent of their property's "real" value.
The bottom line is this, no matter where you live, there are no free rides. If they don't get you one way, they will get you another.
The bottom line is this, no matter where you live, there are no free rides. If they don't get you one way, they will get you another.
n/a
Nitro Member
Lots to like in the Austin area... Great Food - Great Entertainment - Great Education Opportunity - Young Vibe - Lottsa New Construction - Now all they gotta do is build a Drag Strip out at Circuit of the America's...
Rajunz
Nitro Member
Property taxes balance out with "No Income Taxes", as Chris Cook mentioned they're going to get revenues one way or another. Sales taxes are higher here too (8.25%), but both seem fair to me, a person gets taxed on what they choose to spend in life. If you want to live a cheap life, live in a small place and save all your money, therefore you pay less taxes.
As far as the heat, yeah it gets brutal sometimes, some summers we have had over 3 months of continuous 100 degree days, but the way I deal with it is just stay indoors and work for three months. No different that people living in the northern states during the winters. The difference is, we have 8 months of pretty awesome weather from October through May. Fortunately, this has been one of the best summers I've ever experienced in 30 years of living in Austin, almost July here and have barely been in the mid 90's, plus an abundance of rain.
Jimbo
Nitro Member
I think I am spoiled after living in Florida for 23 years !!! My property tax is small when compared to what I would have payed if I had moved to the Dallas area.
My daughter New home in Dallas is over $18,000 a year !!! That is about $14,400 dollars more then I am paying now.
I love going to visit but moving there is out of the question for me. Yes they have no state income tax but nether does Florida.
Just my opinion. Jimbo
My daughter New home in Dallas is over $18,000 a year !!! That is about $14,400 dollars more then I am paying now.
I love going to visit but moving there is out of the question for me. Yes they have no state income tax but nether does Florida.
Just my opinion. Jimbo
Larry
Nitro Member
Austin I wouldn't live there but thirty minutes away is some of the loveliest scenery Texas has to offer . I cruised up the Devils Backbone out of San Marcos missed my usual turn to 281 and continued on to Wimberley a small cultural community sic Artist Colony and regret I have for years missed it .
I'm more the High Desert Mountains type where you can see a hundred miles but the Texas Hill Country is Muy Bueno in my book . Couple hours from the coast or the western desert or the MetroPlex not bad . Austin has it's own Formula Road race now and guess what no Super Tracks in the Area NHRA ready . I'd say there is a market . The IHRA San Antonio track does pretty good but it's far from being a super track .
An aside I agree on the property taxes but I just purchased a Ranchette about 40 miles SW of F W on the Brazos river and I'm remodeling and adding a shop with all the bells and whistles for the price of just my House in the city . The rural taxes are a 1/3 of my city taxes .
I'm more the High Desert Mountains type where you can see a hundred miles but the Texas Hill Country is Muy Bueno in my book . Couple hours from the coast or the western desert or the MetroPlex not bad . Austin has it's own Formula Road race now and guess what no Super Tracks in the Area NHRA ready . I'd say there is a market . The IHRA San Antonio track does pretty good but it's far from being a super track .
An aside I agree on the property taxes but I just purchased a Ranchette about 40 miles SW of F W on the Brazos river and I'm remodeling and adding a shop with all the bells and whistles for the price of just my House in the city . The rural taxes are a 1/3 of my city taxes .
Rajunz
Nitro Member
She must have close to a million dollar home then. Dallas tax rates are comparable to those in Austin, just over 2%.
Property taxes are 3% here west of Houston. I moved here 3yrs ago and I bought a brand new house that was about 40% larger and my property taxes are slightly below what I was paying in IL (homes were a lot cheaper in TX). Within 1 yr I was able to pay my house off, which provides a ton of financial flexibility. From a tax basis, I am way ahead of what I was paying in IL. Your money goes a lot further down here.
n/a
Nitro Member
we would consider the hill country out around fredricksburg... it is nice out there... our last trip down we cruised through this area of austin called rosedale... very cool area... very well kept older homes that have been, or are being renovated... just an example of price - there was an original un-renovated / poorly maintained 800 sq ft shack on a corner that had a for sale sign with info sheet - priced @ $625,00 - taxes $24,000 year... can only image what the price / value and the taxes will be once somebody buys it up and makes it liveable...
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