Newbie Question: Why are Property Taxes Rarely Addressed

[Kevin Darlington]

Hi folks, first post here so please, be gentle. 
North Jersey resident and looking at investing out of state. 

I've been reading and learning a lot recently about how to calculate ROI, and eval good rental cash flow. What I rarely see or here discussed are property taxes and how that factors in. I am mainly looking out of state because high prices and North Jersey property taxes make the rent to value ratios very unfavorable. Am i missing something? I have been looking at other areas like Memphis and FLA where property taxes are a small fraction of my area. Any thoughts or insights are appreciated.

[Chris Mason]

Originally posted by @Kevin Darlington:

Thanks, but I guess my question is more, do high property taxes generally pose a general negative indicator?   I'm seeing it as very unlikely that a property with high property taxes could produce good cash flow thus why i am looking out of state. 

It's part of your PITI and should be included as such in your math.

Just like a deal might not make sense because someone's FICO yields a higher interest rate, there are also cases where a deal might not make sense because of the high property tax bill, HOA dues, etc.