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Old 03-27-2015, 02:58 PM
 
Location: The People's Republic of Austin
5,184 posts, read 7,287,008 times
Reputation: 2575

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Quote:
Originally Posted by tom331 View Post
Robin Hood is big deal. I have paid premium to get into the nicer school, but some of the premium give to other school districts. The school districts that receive the Robin Hool money might has lower tax rate than what we are being taxed by RRID. I still do not understand why the school districts, that send the money to other school districts, tax the property owners in such a high rate. Why not they set lower tax rate so that they don't need to send the money to other school districts?
92% of the ISDs in the state have a M&O (operations) tax rate of between .90 and 1.00. That is what is potentially recaptured and redistributed. But in 92% of the cases, the difference in rates is no more than 10%.

Building money (I&S) isn't recaptured. A growing district like RRISD can have a large building need, and a large amount of voter approved bonds to meet that need. So the part above $1.00 is all kept locally. It may look like there is a large disparity between the rates, but there really isn't because only a portion is recaptured.
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Old 03-27-2015, 03:13 PM
 
Location: Great State of Texas
86,052 posts, read 84,606,338 times
Reputation: 27720
Quote:
Originally Posted by scm53 View Post
92% of the ISDs in the state have a M&O (operations) tax rate of between .90 and 1.00. That is what is potentially recaptured and redistributed. But in 92% of the cases, the difference in rates is no more than 10%.

Building money (I&S) isn't recaptured. A growing district like RRISD can have a large building need, and a large amount of voter approved bonds to meet that need. So the part above $1.00 is all kept locally. It may look like there is a large disparity between the rates, but there really isn't because only a portion is recaptured.
That's about what it looks like for RRISD...$665 million in voter approved bond debt
as of 2013. More bonds got approved last year which are not counted in the total.


Debt at a Glance - School District Debt - Texas Transparency
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Old 03-27-2015, 03:50 PM
 
300 posts, read 414,798 times
Reputation: 228
Quote:
Originally Posted by HappyTexan View Post
That's about what it looks like for RRISD...$665 million in voter approved bond debt
as of 2013. More bonds got approved last year which are not counted in the total.


Debt at a Glance - School District Debt - Texas Transparency
Thank you for the information! That is incredible amount debt. Have paid more than $250K property tax in last 31 years in Austin (RRISD), we have decided it is enough for us. We are ready to pack and leave.
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Old 03-27-2015, 03:58 PM
 
Location: Great State of Texas
86,052 posts, read 84,606,338 times
Reputation: 27720
Quote:
Originally Posted by tom331 View Post
Thank you for the information! That is incredible amount debt. Have paid more than $250K property tax in last 31 years in Austin (RRISD), we have decided it is enough for us. We are ready to pack and leave.
Did voters approve every ISD bond issue that came up for vote ?
Sometimes you just gotta say "No, enough is enough" at the polls.
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Old 03-29-2015, 03:07 PM
 
Location: Austin, TX
12,059 posts, read 13,917,927 times
Reputation: 7262
Quote:
Originally Posted by scm53 View Post
I'd say the 12,000 folks at Sun City, Texas, might have a different assessment.

I wouldn't retire in Louisiana. The reason? You'd be in Louisiana. Florida is another matter ...
Well, after driving from Austin to Orlando, I can say that Texas was the ugliest stretch of that drive, mainly because of access roads, but that's another story.

I could afford to live in a plantation style home and pay the property taxes I currently pay in Austin for a 4 bedroom house in Steiner.

Do you think this looks like a nice way to retire?

https://www.google.com/maps/@30.2172...7vBEwNDe4w!2e0

Do a 360 degree view.

There's nothing even remotely comparable in Texas in regards to historical property, much less on a lake.

And I wouldn't have to spend 45 minutes stuck in traffic to go 6 miles.
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Old 03-29-2015, 03:33 PM
 
Location: SW Austin & Wimberley
6,333 posts, read 18,075,142 times
Reputation: 5533
Quote:
Originally Posted by cBach View Post

Do you think this looks like a nice way to retire?

https://www.google.com/maps/@30.2172...7vBEwNDe4w!2e0

Do a 360 degree view.

There's nothing even remotely comparable in Texas in regards to historical property, much less on a lake.

And I wouldn't have to spend 45 minutes stuck in traffic to go 6 miles.
Well, but then what? You gonna be like Forest Gump and dawdle the days away on your riding mower? You'd be hemmed in by freeway interstates on all sides, and exposed to flooding/hurricanes.

There is always a trade-off no matter where it is.
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Old 03-29-2015, 03:58 PM
 
Location: Austin, TX
12,059 posts, read 13,917,927 times
Reputation: 7262
Quote:
Originally Posted by austin-steve View Post
Well, but then what? You gonna be like Forest Gump and dawdle the days away on your riding mower? You'd be hemmed in by freeway interstates on all sides, and exposed to flooding/hurricanes.

There is always a trade-off no matter where it is.
Well, for one, there is a lake right there that never dries up (unlike Austin), so I can always go out on the lake. The variable lake levels is why I haven't purchased a boat in Austin, there are no public boat ramps open.

That lake is connected to the Gulf, so freshwater, brackish, and saltwater fishing are available year round. Add in great food, 15 minute drive to everything you need, etc...

I could also say "What are you going to do in the Hill Country, dawdle your days chopping down cedar trees like GWB did?"

Also, even though there are interstate highways around there, because there are no access roads they don't take up like 12 lanes or whatever. It's a simple 4 lane Highway, similar to what 281 in the Hill country would be like, but divided.

Here's an example:
https://www.google.com/maps/@30.1968...6fc_bGlhhA!2e0

You probably really realize how much access roads destroy the look of interstate highways in Texas.

Sample interstate in the country in Louisiana without access roads:
https://www.google.com/maps/@30.2153...q-XJFLOrXw!2e0


Texans never seem to get it that what they have may not be the best for everybody.
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Old 03-29-2015, 05:13 PM
 
Location: SW Austin & Wimberley
6,333 posts, read 18,075,142 times
Reputation: 5533
Quote:
Originally Posted by cBach View Post

I could also say "What are you going to do in the Hill Country, dawdle your days chopping down cedar trees like GWB did?"
Good point. I'm not sure exactly what I want to do. Would be easier if we all died at 65 like we're supposed to. Get in a few good years of travel after retirement, then check out. But a 30-40 year retirement leaves a lot of time to figure it out I guess.
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Old 03-30-2015, 07:01 AM
 
2,602 posts, read 2,985,261 times
Reputation: 997
Quote:
Originally Posted by cBach View Post
mainly because of access roads, but that's another story.
Because this is so beautiful

https://www.google.com/maps/place/Sp...e76f2416faa504


Or because those sections of Mopac without access roads are so much more beautiful than those areas with.


High capacity highways are always ugly.

You're confusing two different things. High capacity urbanized highways and rural highways. Access roads in rural areas don't look much different from your pictures

https://www.google.com/maps/@28.7888...FHe4IcT8tA!2e0
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Old 03-30-2015, 07:17 AM
 
2,602 posts, read 2,985,261 times
Reputation: 997
Quote:
Originally Posted by cBach View Post
I could afford to live in a plantation style home and pay the property taxes I currently pay in Austin for a 4 bedroom house in Steiner.

Do you think this looks like a nice way to retire?

https://www.google.com/maps/@30.2172...7vBEwNDe4w!2e0
You are so wrong it's just funny.

That's a $1.5M house

Real Estate - 0 Homes For Sale | Zillow

For the difference in price between that and a "4 bedroom house in Steiner", you could put half of it in an investment that would pay the Texas property taxes forever.

That 1920 home will also cost you more in upkeep per year than you pay in taxes in Steiner.
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