Updated over 10 years ago on . Most recent reply
Annual Property Tax Increases on Rental Properties
Here in Bexar County (San Antonio, TX), the annual property tax statements went out at the beginning of May.
For my personal residence, the value on the home increased $21,000, which equates to approximately $42 per month extra per month in property taxes. This happened pretty much all across Bexar County.
But my question is for the buy-hold investors in Bexar County and even other higher property tax areas. A $42 increase in monthly expenses can significantly effect cash flow on rental properties.
Do you do everything you can and create elaborate dispute cases against the value or will you just simply pass the increase onto the tenant during the next lease? What if you lose the appraisal dispute and have 9 months left on the lease? You have no choice but to eat it, right?
Just curious what everyone would do for this.