BobinSpokane -
Re your #14
I know CAFR is the state's financial report. I googled it as soon as I read your #12. The link I put in my #13 was just simply as a joke for you to get a laugh as I came across it looking at CAFR websites on Google.
I know Texas has a lot of extra money for its residents and I know there is no state income tax. But it looks like Texans can get hit hard in the wallet with the Ad Valorum taxes on their real estate property to pay for the schools every year and isn't it correct TX also allows reassessment of real property every year? (I may be wrong as I was reading before a lot of info on TX property tax laws and how they differ from California's.)
I don't plan on buying a house for the first six months should I move to Texas as I want to make sure I like living there. Besides, I need to take a breather after all the crap I'm dealing with now selling this house here in CA. But even TX apt. renters get hit with increases if the apt. building owner has to pay increased property taxes on his building. Still, the apt. rents in TX are a lot cheaper than here in Los Angeles.
Still, Texas property tax law does have a good number of tax exemptions under their Texas Homestead Act which, if one qualifies under any of their provisions, can really cut down on the cost of your property tax bill.
I also read where the Texas Homestead Act is one of the most generous in the nation too.
CA is very high in taxation (state, local, etc.) but I was lucky as my parents had been living in their home here in CA when Proposition 13's property tax law was voted in around 1978 which allowed only 1-2% reassessment annually on the value of a home -- unless it was sold and then the new owner would have to pay property tax under the current going rate which is quite high.
I'm now paying property tax on this house's assessed value back in 1979 (with only minor yearly increases in assessed value) because the house had never been sold. When I do sell it, which hopefull will be very soon, the new owner has to pay property taxes on it's assessed value on the date of sale. But I don't plan on living in CA -- either to rent or buy a house here -- so it doesn't matter to me anymore what CA charges on property taxes. That'll be for the next owner to worry about!