Almost any listing will take a VA loan. There are a few things that need to be structured differently in the contract for the closing costs, but other than that it is very similar to every other type of loan. I've closed plenty of VA loans, so if you need some assistance, I'd be glad to help.... more
It's not just Houston....most residents feel taxes are high all over the state. We don't have a state income tax, so property taxes fund our government and services. We also don't have legalized gambling as other states do, but some of those states still have a state income tax. Transferees coming for Louisiana think our taxes outrageous but then their schools are such that most residents send their children to private schools.
Thank goodness our property taxes are deductible on federal income tax.
Your questions is best answered by someone at HCAD. Give them a call; they will be happy to explain it to you. It has to do with the value of surrounding properties vs. the condition of the one being purchased.
Don't let our tax structure determine whether you buy here. You are correct that we don't have a state income tax but we do have good schools and other public services that are equal to those in states that DO have a state income tax. Property taxes are deductible on your federal income tax. If you don't own property you don't pay them, which is why many people rent rather than buy. My son recently was transferred back to Texas from Oklahoma. Moving back home saved him $300 per month in state income tax that was taken out of his monthly paycheck while in OK. We have good roads, good schools and services equal to other states'. Someone has to foot the bill.
LaRetta Allen... more