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Reply to "Arizona Pantera Owners Advice Please"

When does the 25% decrease take effect Jeff?? So your taxes rise every year until you hit age 65 then if freezes there until you sell?
I'm 49yrs old so i'm a ways off from the 65 exemption.
Austin looks really good but I can't do it unless the property taxes get more reasonable.
Heres a good site I found but, i'm still confused and slow on how to calculate it.
http://www.traviscad.org/
Heres the taxes charged on a $700K house in Austin.
Here is an example of the annual taxes on a $700,000 home in Austin before exemptions are deducted.

Tax Rate % Estimated Annual Taxes on a $700,000 home before exemptions
AUSTIN COMM. COLLEGE 0.0991 $693.70
AUSTIN ISD 1.623 $11,361.00
TRAVIS CO HOSPITAL DIST 0.0779 $545.30
TRAVIS COUNTY 0.4993 $3,495.10
TRAVIS EMERG SVC #3 0.0994 $695.80
TOTAL 2.3987 $16,790.90!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!per year!!!!!!!!!!! Frowner

I can't figure out the amount you subtract from what the primary residence exemption (homestead Exemption) give you....
I'm not 65 or disabled and don't have a farm or church......maybe I can send away to become a minister!
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