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In Texas, it's the taxes that kill and especially the school taxes. Rents can't keep up with the increasing taxes anymore, as values rise, no tax districts lower rates, just rake in ever more money
Yeah, were it not for reasonable land and property taxes, TX property taxes would be insane. You rent or own?
own a few apartments and hate the taxes, feel bad, raising rents on tenants but they've quintupled taxes in 10 years, doesn't hurt me I guess, my take is the same. People vote for the school bond issues, guess it's their own fault.
I was looking at property tax records in Austin a little while back. It seemed like the assessed value (what property taxes are based on) was really racking the market value. Is that right? I was astonished to see how costly it would be to live there because of property tax!
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