OVERKILL
$100 Site Donor 2021
Yup, and as I mentioned, the REC's are basically free money for the folks that own the gas plants to encourage them to add wind.
Texas has one of the lowest energy costs in the US
- Thread starter gfh77665
- Start date
This is a bizarre made for clicks story. Electricity cost is way higher in Texas than California and Wyoming with one of the cheapest electric costs is ranked the most expensive state in the nation for energy because of high heating oil and gasoline costs where Texas has none. Texas winter temperature average in Jan is 38f degrees, the worst state ranked for energy is Wyoming due to heating oil and average Jan winter temperature is a full 10 degrees colder at 28f
Anyway, massive differences even within states and how you choose to heat and cool. Interesting for sure but this link would better put things in perspective than just mentioning one state. Also as we know energy is one cost of living only.
https://wallethub.com/edu/energy-costs-by-state/4833
One must keep things like this in mind. Within states there are HUGE variables and for example property taxes can be 50% lower or higher in any given state, same goes for electricity cost.
SO we see Texas in this light. Low energy cost according to Wallet Hub and here according to one of the largest mortgage lenders in the USA Texas has the 4th highest property taxes in the nation.
As far as variables, my state of NC average is 50% higher than I pay in property taxes here on the coast.
Choose your poison.
https://www.rocketmortgage.com/learn/property-taxes-by-state
Anyway, massive differences even within states and how you choose to heat and cool. Interesting for sure but this link would better put things in perspective than just mentioning one state. Also as we know energy is one cost of living only.
https://wallethub.com/edu/energy-costs-by-state/4833
One must keep things like this in mind. Within states there are HUGE variables and for example property taxes can be 50% lower or higher in any given state, same goes for electricity cost.
SO we see Texas in this light. Low energy cost according to Wallet Hub and here according to one of the largest mortgage lenders in the USA Texas has the 4th highest property taxes in the nation.
As far as variables, my state of NC average is 50% higher than I pay in property taxes here on the coast.
Choose your poison.
https://www.rocketmortgage.com/learn/property-taxes-by-state
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The other "huge varible" is that property tax rates is just part of the equation. Would you rather pay higher rates on a $300,000 house in Texas, or lower rates on the same type house based on a $750,000 valuation in CA, CO, MA, or NY?
On top of that remember Texas has NO income tax. Cherry picking one data point gives false impressions. Look at the whole picture and do the math.
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Property taxes are not lower in the NY Metro area, part of my post how within states their are huge variables. Our states here are bigger than many countries overseas.
The Texas and NY rates are very close. Not sure of your question. BTW I agee cherry picking data gives false impressions and why I posted the posts that I have. Your OP is cherry picked data from one category and I just gave another cherry picked as an example.
The total tax burden is key. Doesnt matter how states collect it, they get it one way or another. Just as you say, Texas has no sales tax is in itself cherry picking data. BTW - just friendly discussion, its about the total tax burden.
Our new home, we pay 6.75% sales tax, have low energy costs (actually rock bottom 10 cents kWh) and rock bottom property taxes. Our property tax rate is .3420 of property value. Think about that, a house with a value of $350,000 has an annual tax of $1,023.
Put another way at least according to the link I posted, Texas effective property tax rate is 100% higher than North Carolina but Texas has no sales tax. Even those two numbers are cherry picked, one needs the total tax burden and I am not sure there is even a way to do it. Except we all know its cheaper here in the south than Northeast and West coast or people would not be flocking here ( we are NY transplants ourselves 16 years ago)
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No, just stating TX has no income tax is adding to the overall discussion. That has to be included to get the fullest picture.
Additionally, the OP is about "overall" energy costs. It being broadly explained, not cherry picked, is exactly why I posted it. I even bolded electricity, natural gas, motor fuel, and home heating oil to emphasize just that.
Additionally, the OP is about "overall" energy costs. It being broadly explained, not cherry picked, is exactly why I posted it. I even bolded electricity, natural gas, motor fuel, and home heating oil to emphasize just that.
It is likely there will be a measure on my state's ballot this fall ending property tax. The state has a $10.7B cash pile in a fund without a purpose, so the proposal is that the state would cut a check to each county to cover property taxes every year. Interesting concept, I'm not convinced but if it goes through it would be a first for sure.
All good, btw you had an error that I spent time replying to. You said Texas had no sales tax. I now see in your new post you must have meant to say no income tax.
It might, and I hope it happens for you. Because Texas had such a mammoth surplus, our Gov. Abbott recently did something likewise:
https://www.texastribune.org/2023/07/24/texas-abbott-property-tax-cut/
Gov. Greg Abbott signs $18 billion tax cut package for Texas property owners
https://www.texastribune.org/2023/07/24/texas-abbott-property-tax-cut/
OVERKILL
$100 Site Donor 2021
That chart is nonsense. Rates are MUCH higher in California than in Texas. I suspect actual use in California is much lower because of residential solar, which drives down the average. The actual COST for electricity in California ($ for how many kWh you get) are the highest in the US.
Cutting taxes is good, it's a good in-depth read. Taxes as we know are more based on decade or more, not one hit wonders though. It was based on surplus taxes collected already. BTW- I like the state of Texas, along with the Carolinas and many in-between.
I like the full picture, like the guy from Idaho said in the link you provided. Many people are led to Florida from my home state based on no income tax. Heck, we came close to moving there, wow, it would have been a huge mistake. Florida is not what it seems, but mention one tax that others are used to paying and they forget the state needs money to operate.
To repeat, I have nothing against Texas, I wish all the states acted like they do in the south. (no politics)
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