@@sharonbernard6622 This community does have 1 storey homes. Happy to share some options with you. Feel free to text me at 832-708-9879 or email me at jm@macpgroup.com
I’m from the Midwest looking to relocate in to the suburbs of Houston and the taxes in those areas are crazy high! What’s a good area where I can spend under $350k and have a masterplan community for my family? I was thinking Conroe and maybe Katy, but I think Katy might be on the high side.
Hi. Thanks so much for reaching out. Conroe is a good option for new build with lots of space in this price point. In Katy you can get new constrution in masterplanned but might be a bit smaller. In both cities you have some great more mature communities where the taxes are alot lower and so you can afford a bit more house. Let me know some specifics about size and pereferences and I can point you in the right direction. Feel free to call/text @ 832-708-9879.
Hi there. Great to hear from you. Total taxes due is equal to taxable value by the tax rate. Taxable value is usually different from market value, which is the amount you can buy or sell a home for. The appraisal district assigns an appraised value to your home which is usually 70-80% of market value. They will then subtract the homestead exemption from the appraised value and that gives you your taxable value. That taxable value is then multiplied by the tax rate giving you your taxes due for the year. So in the example in the video, market value is 280K. We estimated that the appraised value would be 196K, which is 70% of 280K. We then subtract homestead exemption which is 100K. So that leaves us with taxable value of 96K. We then multiply the taxable value by 3% which brings us to $2880. Those calculations would be different in the case of a senior as their homestead exemption is 110K. Also, in the case of veterans they have exemptions on taxes depending on certain criteria. Feel free to reach out to me directly to discuss further. Thanks again for reaching out.
@@macpropertygroup your explanation is much appreciated. thank you. I guessed you miss that on the video, explaining the value as a result using the homestead exemptions. So, yes that make sense. And on the other hand, that income property, or investor will not be able to claim and take advantage of the 100k homestead. Thank you.
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I would really like a home in that price range. With no down payment,that is the Bom, and the home is nice.But I prefer 1 story.
@@sharonbernard6622 This community does have 1 storey homes. Happy to share some options with you. Feel free to text me at 832-708-9879 or email me at jm@macpgroup.com
I’m from the Midwest looking to relocate in to the suburbs of Houston and the taxes in those areas are crazy high! What’s a good area where I can spend under $350k and have a masterplan community for my family? I was thinking Conroe and maybe Katy, but I think Katy might be on the high side.
Hi. Thanks so much for reaching out. Conroe is a good option for new build with lots of space in this price point. In Katy you can get new constrution in masterplanned but might be a bit smaller. In both cities you have some great more mature communities where the taxes are alot lower and so you can afford a bit more house. Let me know some specifics about size and pereferences and I can point you in the right direction. Feel free to call/text @ 832-708-9879.
@15.16 elaborate Property Taxes 3% = $2,880.. 3% of what.. How did you get $2,880...
Hi there. Great to hear from you. Total taxes due is equal to taxable value by the tax rate. Taxable value is usually different from market value, which is the amount you can buy or sell a home for. The appraisal district assigns an appraised value to your home which is usually 70-80% of market value. They will then subtract the homestead exemption from the appraised value and that gives you your taxable value. That taxable value is then multiplied by the tax rate giving you your taxes due for the year. So in the example in the video, market value is 280K. We estimated that the appraised value would be 196K, which is 70% of 280K. We then subtract homestead exemption which is 100K. So that leaves us with taxable value of 96K. We then multiply the taxable value by 3% which brings us to $2880. Those calculations would be different in the case of a senior as their homestead exemption is 110K. Also, in the case of veterans they have exemptions on taxes depending on certain criteria. Feel free to reach out to me directly to discuss further. Thanks again for reaching out.
I have a spreadsheet that breaks this down. Send me an email at jm@macpgroup.com for the breakdown.
@@macpropertygroup your explanation is much appreciated. thank you. I guessed you miss that on the video, explaining the value as a result using the homestead exemptions. So, yes that make sense. And on the other hand, that income property, or investor will not be able to claim and take advantage of the 100k homestead. Thank you.