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Updated almost 8 years ago,
How do property taxes increase after I purchase a rental?
I'm considering buying a rental in the DFW area for about $300,000. This duplex, per zillow, currently shows a property tax value of $195,000. The home was built in 2005.
If i acquire this property for $300,000, should I expect the property tax value of this property to increase very soon by over $100,000 to near or equal to the $300,000 I plan to pay for the property?
If not, what's a more realistic amount to model over the next 5-10 years of owning the property and renting it out?