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Old 03-08-2020, 12:02 PM
s10sakota's Avatar
s10sakota s10sakota is offline
 
Join Date: Feb 2005
Location: Westland, MI
Posts: 311
Default Can I get some honest info on TX living?

Hereís the deal: Iím being taxed to death in Michigan.

Iím a pilot at Spirit Airlines and Iím thinking about moving to TX and would prefer to build or buy a hangar home at Hicks Airfield.

Between MI income tax, property tax, and ridiculous car insurance, Itís costing my over $20,000/yr to live there.

Spirit has a pilot domicile in Dallas and the no-income tax status in Texas is attractive as I can save over 12k/yr. I do know that property taxes are higher in TX but Iím already paying $7,000/yr for property taxes on my hangar home in MI.

Iíve always read that it doesnít really matter if you move to a no income tax state as the govít will still find a way to steal your money.

I still think it would be less expensive to live in TX and not pay income tax, but does anyone have any real data about the costs?

Has anyone moved to TX from another state and realized a tax savings?

People tell me thereís other costs in TX like yearly car inspections, and school tax, etc...

What else? Sales tax may be higher, but for as little as I spend money Iím not overly concerned about that.

On April 1st, 2020 Iíll make the last payment on my house and then Iím serious about moving to TX if it makes sense to do so.

I just thought Iíd see if I can get some good information from other aviation people as part of my research.

Thank you to anyone who can provide me some good data!

Happy flying...
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  #2  
Old 03-08-2020, 12:11 PM
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wirejock wirejock is online now
 
Join Date: Oct 2005
Location: Estes Park, CO
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Default Taxes

Funny. We moved out after 30 in Austin because of property/school taxes, traffic and the oppressive heat.
However, if I win the lottery, a home near Bandera or Leakey would be a dream 2nd home.
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  #3  
Old 03-08-2020, 12:14 PM
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s10sakota s10sakota is offline
 
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Yes the heat is what everyone I talk to complains about. But the flip side of that is that in MI we have 6-7 months of cold, dreary, depressing weather every year!

2 months of heat, or 6 months of hiding indoors??
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1962 Piper Cherokee 160
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Old 03-08-2020, 12:19 PM
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snopercod snopercod is offline
 
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What about Tennessee? No income tax, low property taxes (but almost 10% sales tax).
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Old 03-08-2020, 12:20 PM
kkmarshall kkmarshall is offline
 
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Location: Central Tx
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School tax is part of your property tax. Car inspections in rural areas are 7.00 per year. Not sure in big metro areas,I think they run 25.00 b/c of emissions inspections. Could be a bit more. I own a small house in Ft Worth for my MIL to live in and with a valuation of 125k,the property,school,transit district,etc taxes run 3500.00 yr which I think IS high but there is some hard data. Auto registration depends on age & weight. Midsize newish SUV about 75.00 per yr. Nothing else tax wise comes to mind except of course the sales tax.
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Old 03-08-2020, 12:22 PM
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Geez, that’s cheap! I pay Michigan $135/yr to register my 11 year old rusted out Ford!
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Old 03-08-2020, 12:22 PM
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s10sakota s10sakota is offline
 
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Quote:
Originally Posted by snopercod View Post
What about Tennessee? No income tax, low property taxes (but almost 10% sales tax).
Beautiful state but we donít have a pilot domicile there and I wonít commute to work.
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1962 Piper Cherokee 160
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2011 RANS S-6S
2011 Vans RV-7
2015 Zenith Cruzer
1962 Mooney M20C
2019 KITFOX Super Sport
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  #8  
Old 03-08-2020, 12:26 PM
swjohnsey swjohnsey is offline
 
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Location: Kingsville, TX
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Had to look it up T67. Things are cheaper in Texas, just about everything, houses, hangars, etc. Property taxes can be higher because public schools are financed with property tax. Most places private airplanes and cars are not taxed (personal property). Weather is better. It seldom snows in Fort Worth.

I live out in the stix so everything is even cheaper. I fly out of 07R near Bishop in South Texas. I rent a hangar for $100/month. I live in a 2,500 sq/ft home that is on the tax rolls for around $200k with taxes around $3k/year. My daughter has a 1930s 1000 sq/ft home in Fort Worth that is on the tax rolls for about the same.
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Old 03-08-2020, 12:28 PM
Flash Flash is offline
 
Join Date: Sep 2018
Location: Boerne, TX
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Moved from Ohio 12 years ago to just outside San Antonio. Best decision we have ever made as a family. Property taxes are very high in our area but with the State income tax and property tax in ohio we save almost 10k a year living here! It does get hot here but you can go out early and late and beat some of the heat and there is always a 10 kt wind. In Ohio, once October hit, there was no escaping the cold and dreary, snow, ice and sludge. A lot more flyin for the $100 burger days down here. Highly recommend the move!
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Old 03-08-2020, 12:49 PM
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bjdecker bjdecker is offline
 
Join Date: Jun 2005
Location: Georgetown, TX
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I moved from Cali to Texas 30 years ago.

Sales tax: State = 6.25% + local ~0 - 2.25% ==> 8.5% (see: https://mycpa.cpa.state.tx.us/atj/)

Property tax: All over the map, as low as .67% (boondocks) to over 3% (city folk). The trick here is to live in a county with a low rate, stay outside of city limits/ETJs and the MUD/SUDs...(http://www.tax-rates.org/texas/property-tax)

Income tax: 0.0% (awesome...and one less tax return to fill out )

Gasoline: 89 octane -- $1.90 - $2.30/gallon, AVGAS -- $3 to $6/gallon (depends upon the airport/FBO)

The weather is generally good - a couple of months out of the year (July/August) are bad, but fly to Utah and visit friends, or hang out in/by the pool -- which you can afford to do
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