Considering leaving high property tax San Antonio

[Eric Chase]

San Antonio Buy & Hold Investors,

I'm interested in perspectives on the phenomenally high San Antonio property tax. I have two SFR properties in the NE area in B+/A- neighborhoods and I'm forking out about $10K per year in tax between the two. I'm thinking of selling and putting that equity to work in another market where property tax is reasonable and cash flow would be much better (not as interested in appreciation, which I understand is good in SATX right now).

Convince me that I’m completely right and should do this ASAP.

OR...

Convince me that I’d be making a terrible mistake!

Cheers!

Eric

[Mike Castellow]

@Eric Chase Property taxes in Texas are higher than the majority of other states mainly because it is the primary source of income for the state and local government since we don't have a state or local income tax. Since that is the case, it only makes sense to invest in Texas from out of state if all costs (including taxes) still gets you the ROI that you are looking for. Otherwise, it probably makes more sense for you to sell the properties and invest elsewhere.