Property taxes in texas

[Steve S.]

I'm curious if there's any tools or obvious formulas that could help me understand turner impact of property taxes in a rental property I may buy. 

As an easy example, let's assume property tax rates are (2% - that would be nice ;)) and the property is appraised at $200,000. 

That means property tax would be $4,000 for the year. 

If I'm in the 28% tax bracket, how much of that could I write off and is there a general ratio or percentage that could be applied for quick back of envelope math?

I'm thinking, although I'd have to pay $4,000 that I could write off some of that in a way that my net outlay wouldn't be $4,000 when all is said and done. 

Is that correct or is it just interest that could have a net positive impact?

Do most of y'all own your rentals through a corporation you form?  How important are these considerations when purchasing rentals?

[Jay Hinrichs]

Originally posted by @Lisa Horgan:

@Jay Hinrichs

What do you mean by "And with tenants you never know if they water the foundation like they should etc."?

Do the foundations get too dry and crack?

Sorry if this is a noob question. I've just never heard of this. I live in California, and am looking to invest in Texas.

Thanks in advance for any explanation! 🙏

 Exactly foundation because of expansive soils.