Rising property taxes lead to the next real estate recession?

[Juan Rodriguez]

There is a lot of focus on inflation, rising home prices and rising inflation. But will it be rising property taxes what will lead to a real estate sell-off and potential real estate recession? Based on latest tax assessed values, one of my rental property taxes is going up by over 40%, and another by 23%. I don’t hear much talk about this, and wonder if other investors are seeing this steep increase in property taxes, which can put a significant dent on rental returns, and eat significantly into cash flow.

[Mike Dymski]

I suspect that we are going to be discussing this topic on the forums for the next couple of years, particularly in markets where rents have not increased much (but the magnitude you mention above is extreme).