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Very true - here in Round Rock (outside Austin), it’s about 2.2% of the home value.

For quick comparison it's 1.18% in San Francisco.

Property tax bill on a $2.7m house in SF is ~$32,400/yr, and the property tax bill on a $1.5m house in Austin would be around ~$33,000/yr.

If you’re buying a 2.7m house in SF you’re paying at least 80k in state income tax.

True, and not everyone's goal is to minimize their tax bill.

There aren’t many $1.5M houses in Austin. In Round Rock (home of Dell), the highest price you’ll find is around $800k for a 5600 square ft house with premium upgrades.

According to zillow there are 300 homes over $1.5M for sale right now in Austin. Surely many more not currently listed for sale.

Sorry for the long link..

https://www.zillow.com/homes/for_sale/?searchQueryState=%7B%...

Most of those are well over $2M. 1.5M is a tough price point here, because the ones by the water (most of the ones in your link) are really expensive while just a few blocks away the price drops quickly.

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