Blog Layout

Vote No to State Income Tax in Texas by Voting Yes for Proposition 4!

irstaxfighters • Oct 23, 2019
A person earning $100,000 annually pays:
New York City: 
State income tax $5,538 annually or $461.50 per month plus
Local tax $3,441 annually or $286.75 per month
Los Angeles:
State income tax $6,144 annually or $512 per month
Local 0.00 (zero)
Chicago:
State income tax $4,851 annually or $404.25 per month
Local 0.00 (zero)
Houston:
State income tax 0.00 (zero)
Local 0.00 (zero)
No Tax Sign — Houston, TX — IRS Tax Fighters
Some people say we need state income tax in order to reduce our property taxes. Let’s compare:
New York City:
Cost of property taxes for a home costing $250,000 is $2,192, but the median home price in New York City is $669,500 and the property tax at that price level is $12,888 annually.
Los Angeles:
Cost of property taxes for a home costing $250,000 is $1,921, but the median home price in Los Angeles is $696,900 and the property tax at that price level is $5,526 annually.
Chicago:
Cost of property taxes for a home costing $250,000 is $5,341, but the median home price in Chicago is $227,900 and the property tax at that price level is $4,579 annually.
Houston:
Cost of property taxes for a home costing $250,000 is $5,309, but the median home price in Houston is $189,900 and the property tax at that price level is $4,290 annually.
The above figures are courtesy of www.smartasset.com andwww.zillow.com.
Share by: